The supply bounced back in a big way in January 2020, with + 22 000 t, i.e. + 3.8 % on January 2019. By way of comparison, the EU consumed 588 000 t of bananas in January 2020, an amount 100 000 t more than in January 2014. Over twelve months (February 2019 to January 2020), the supply was stable at 6.5 million tonnes (- 0.4 % over one year). In January, the dollar origins set the trend by increasing their contributions by 5 %, especially thanks to a surge by Ecuador (+ 13 %) and Colombia (+ 11 %). This was also the case with Panama (+ 7 %). Costa Rica stabilised its supply, while Guatemala (- 51 %), Peru (- 14 %) and Nicaragua (- 25 %) tumbled. ACP volumes shrank by nearly 2 %. Only the Dominican Republic saw a rise, of 3.5 %. The African origins were either stable (Côte d’Ivoire), or on the slide (Cameroon - 4 %, Ghana - 16 %). Belize dropped by 4 % and Surinam scaled back once again (- 54 %), thereby declaring a halt to exports. European production rose by 3.5 % due to the recovery in shipments from the Canaries to Spain.
The USA saw a massive downturn of more than 5 % in January 2020, with just 330 000 t. We need to go back to 2016 to find as lean a January. Over twelve months (February 2019 to January 2020), the total was down by 3 % to 4 083 000 t. Not one origin emerged unscathed. Ecuador and Costa Rica (- 1 %) had limited damage, but the same cannot be said for Guatemala (- 3.5 %), Honduras (- 12 %) or Mexico (- 4 %). A special mention should go to Colombia (- 19 %), whose exports to the USA continued to ebb in favour of the EU. Panama meanwhile returned to the US market for the first time since 2014. In this context of falling supply, the rise in organic’s market share (USA + Canada data) is a point to note, with a record rate of 10.6 %.
Source: CIRAD
banana - EU and USA - supply in January 2020
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