All going well in the banana world... at the least in terms of volumes consumed

  • Published on 5/12/2017 - Published by Market News Service / FruiTrop
  • FruiTrop n°252 , Page From 4 to 4
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The EU-28 imported nearly 3.9 million tonnes over the first eight months of 2017, i.e. a dizzying rise of 7 % from 2016, and indeed 11 % above the 2014-2015-2016 average. Among the dollar origins, all those shipping more than 50 000 tonnes were up by more than 10 %, except for Costa Rica (+ 2 %) and Peru (+ 3 %). While Costa Rica favoured the United States (+ 17 %), Peru went through a sticky patch in production. Within the ACP group, it is the Dominican Republic (- 18 %) which struggled,and will continue to do so for another year due to the considerable damage caused by the recent flooding. Cameroon is also down by nearly 3 %, unlike its alter-ego Côte d’Ivoire, up by 8 %. Also in Africa, Ghana leapt up by 30 %, a growth which should be set for the medium term. Across the Atlantic, Belize (+ 9 %) picked up after a bad patch due to flooding. Surinam is on a downward slope, slowly (- 2 %) but surely (- 39 % in 4 years). Over eight months, European production lost 12 %. The effects of the cyclone season in progress will impede the trend further, especially for French production. The Canaries are seeing no progress, but their supply has stabilised. In total, European consumption (imports + production) amounted to 4 270 000 t over the first eight months (+ 270 000 t) and to 6 083 000 t over twelve months (+ 285 000 t). In the United States, growth is running out of steam. It still has a rate of 3 % over eight months, but only 0.6 % over the last twelve, with Ecuador and Honduras strongly driving the downward trend.

Source: CIRAD

banana - EU and USA - supply
banana - EU and USA - supply

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