Report Update: May 1, 2024

Denmark - Bananas - Market Analysis, Forecast, Size, Trends And Insights

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Banana Price in Denmark - 2023

Banana Price in Denmark (CIF) - 2023

In October 2023, the average banana import price amounted to $1,138 per ton, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in January 2023 an increase of 20% month-to-month. The import price peaked at $1,159 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Dominican Republic ($1,423 per ton), while the price for Costa Rica ($867 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Banana Price in Denmark (FOB) - 2023

In October 2023, the average banana export price amounted to $1,152 per ton, with a decrease of -2.6% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in January 2023 an increase of 8.4% against the previous month. Over the period under review, the average export prices hit record highs at $1,200 per ton in May 2023; afterwards, it flattened through to October 2023.

Average prices varied somewhat for the major foreign markets. In October 2023, the highest price was recorded for prices to Faroe Islands ($1,418 per ton) and Sweden ($1,321 per ton), while the average price for exports to the Netherlands ($1,068 per ton) and Germany ($1,187 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Banana Imports in Denmark

In 2022, after three years of growth, there was decline in purchases abroad of bananas, when their volume decreased by -1.4% to 81K tons. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9.2% against the previous year. As a result, imports reached the peak of 83K tons, and then declined slightly in the following year.

In value terms, banana imports reduced to $81M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 17%.

Import of Banana in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	4.5	13.4	21.3	22.6	71.3%
Germany	49.6	39.9	30.6	21.7	-24.1%
Netherlands	12.5	17.3	17.9	21.2	19.3%
Ecuador	0.4	4.9	4.9	5.2	135.1%
Dominican Republic	0.7	4.7	3.4	3.9	77.3%
Colombia	0.6	0.2	1.6	3.6	81.7%
Costa Rica	0.5	0.2	3.3	2.9	79.7%
Others	0.2	0.2	0.1	0.1	-20.6%
Total	68.9	80.8	83.2	81.2	5.6%

Top Suppliers of Banana to Denmark in 2022:

Sweden (22.3K tons)
Germany (21.7K tons)
Netherlands (20.4K tons)
Ecuador (5.9K tons)
Colombia (4.0K tons)
Costa Rica (3.7K tons)
Dominican Republic (3.3K tons)

Banana Exports in Denmark

In 2022, after two years of decline, there was significant growth in overseas shipments of bananas, when their volume increased by 92% to 3.8K tons. Over the period under review, exports, however, faced a dramatic slump.

In value terms, banana exports soared to $3.9M in 2022. Overall, exports, however, recorded a sharp contraction.

Export of Banana in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	N/A	N/A	0.1	2.2	2100.0%
Sweden	9.1	1.3	1.0	0.9	-53.8%
Faroe Islands	1.7	0.7	0.5	0.4	-38.3%
Netherlands	N/A	N/A	N/A	0.2	0%
Others	0.1	0.1	0.2	0.2	26.0%
Total	10.9	2.1	1.8	3.9	-29.0%

Top Export Markets for Banana from Denmark in 2022:

Germany (2384.0 tons)
Sweden (815.5 tons)
Faroe Islands (294.7 tons)
Netherlands (218.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the banana market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 486 - Bananas

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023