Slow sales of bananas

Ecuador leads world exports of bananas, but sales growth is slowing. According to Acorbanec's data (Asociación de Comercialización y Exportación de Banano) during the first 7 months of the year, the country exported 213.07 million boxes, or 2.31% more compared to the same period in 2018 .

 

 

 

But this rate hides a slowdown in sales because last year at the same time, banana sales rose by 5.54% and a year earlier by 3.60%.

 

 

 

The decline in growth in 2019 is due to the reduction of purchases of important markets (EU, Russia, South America ...) but also to the contraction of a part of the production in the areas affected by bad weather conditions (cold, floods).

 

 

 

Regarding the destinations of the 213.07 million cartons exported, the EU received 29.44% Russia 20.85%, the Middle East 14.17%, the United States 10.93%, Asia 8 , 52% and South America 6.11%.