Spain: The Canary Islands banana market exceeds marketing levels prior to the La Palma volcano in 2023

Published 2023년 10월 24일

Tridge summary

The volcano eruption on La Palma caused a significant drop in banana production, leading to high prices and consumer households abandoning banana consumption. This resulted in a decrease in fruit consumption in Spain and a decrease in total sales of bananas and plantains by 9%. However, there has been a record level of banana production in 2023, leading to market growth and the recovery of sales. The sector has implemented crisis management measures, such as free donations to food banks and control by the Department of Agriculture, to handle the market crisis and avoid unaffordable debt for producers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From the point of view of the banana export market, the loss of production caused by the volcano on the island of La Palma generated a serious drop in consumer households that, due to the lack of product and high prices, chose to abandon consumption. of banana. This circumstance predicted a complicated return to consumption levels prior to the eruption in 2023, since this was coupled with a sharp decrease in fruit consumption in homes in our country (-12.2%), as reported by Asprocan in a Press release. In 2022, bananas from third countries reached sales levels in Spain similar to the volumes sold of bananas for the first time, although they were unable to maintain a rising market. Many consumers opted for other products, and the total sale of plantains and bananas fell by 9% in Spain, the largest decrease experienced in the last 10 years. To this negative starting point, a production level at a record pace was constantly added in 2023. At the end of August, the total banana ...
Source: Elapuron

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