Recovered Banana Production in Spain and Import Quantities Drove Prices Down 43.07% WoW

Bojan Mijatovic

Published Sep 18, 2023

Spain's banana market recovered from a 15% decline in 2022 due to a volcanic eruption. Domestic production increased in 2023, while imported bananas gained market share. In W3 of Sep-23, the wholesale price of fresh bananas in Spain dropped 43.07% WoW to USD 1.48/kg due to improved supply. France and Portugal emerged as leading suppliers, capturing 74.70% of the market. Tridge anticipates price stability in the upcoming period.

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