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Costa Rica was the leading Central American banana exporter in 2020

Costa Rica positioned itself in 2020 as the main exporter of fresh or dried bananas in Central America, with exports worth $ 1.083 billion. It was followed by Guatemala with $930 million, Honduras with $ 531 million, Panama with $152 million, and Nicaragua with $23 million.

Exports from Panama increased by 19%, Honduran exports grew by 11%, and Costa Rican exports increased by 8%. Meanwhile, exports from Guatemala and Nicaragua fell by 2% and 8%, respectively.

Between 2019 and 2020, the export value of bananas increased by 7%, going from $ 2.523 billion to $ 2.725 million. Central American banana exports to the United States also grew in that period, going from $ 1.646 billion to $ 1.762 billion.

The average export price of Central American bananas experienced a slight upward trend during 2020, going from $ 0.38 per kilo in January to $ 0.41 in December.

The United States was the main market
In 2020, the United States accounted for 65% of Central America's banana export value. The Netherlands accounted for 10%, the United Kingdom for 4%, Belgium for 3%, Italy for 3%, Germany for 2%, Spain for 2%, and Portugal accounted for 1%.

The Netherlands is the destination market that has grown the most in recent years, as they've gone from accounting for 0.5% of sales in 2012 to 10% last year.

 

Source: america-retail.com 


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