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Spain: Canary banana shipments to the Peninsula up 46% in AugustA few days ago, the Customs and Special Taxes Administration of the Spanish Tax Agency published the data on foreign trade in Spain for the month of August 2017, the most recent data available. In that month, the Canary Islands shipped 30,702 tonnes to the Spanish peninsular and Balearic market, which is the highest figure, at least since 2009, given that there were five weeks of shipments, as revealed by economist Juan S. Nuez in his blog Hojas Bananeras.
The same destination was reached by about 22,585 tonnes of bananas from Africa and Latin America, while re-exports stood at 7,958 tonnes, out of which 707 went to Morocco.
Based on this general distribution, the total available supply amounted to around 45,329 tonnes, which was also the highest figure since at least 2009. Compared to July, volumes from the Canary Islands have increased by 45.7 % and imports by 23.6%, while re-exports have fallen by 4.3%, so the available supply was 46.1% higher in August than in July.
However, if what we analyse is just what has taken place in the peninsular and Balearic banana market so far in 2017 (first eight months of the year), consumers have had at their disposal some 388,412 tonnes in those eight months; 8,930 less than in the same period last year, which represents a 2.3% drop. The archipelago shipped 4,392 tonnes more than in the previous year (+1.7%), while imports of bananas from other origins have increased slightly (+8,664 tonnes, +4.6%). Re-exports have grown significantly (+21,986 tonnes, + 49.7%).
Given these volumes, the market share of imported bananas in August oscillated between a minimum of 32% and a maximum of 50%. The analyst believes that the real figure was probably closer to the latter than the former, since 80% of the re-exports were intended for Portugal, which is the usual market for the Canary fruit that doesn't find a place in peninsular Spain.
If the analysis of the market share of imported bananas in the Spanish peninsular and Balearic market is made based on the accumulated data for 2017, the result is that it has oscillated between 34% and 51%, closer to the latter figure than to the former, while in the same period of 2016 it stood between 36 and 47%.
Publication date: 10/24/2017
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