by David Ivanovic – June 16, 2009
Impressive Eurostat numbers, at least for your humble “data cruncher”, are showing no signs of slowing down in the European banana business. In 2008, 4.6 million tons have been imported by the EU15 countries; import volumes (from non-European origins) have grown by more than 36% between 2004 and 2008. The banana “oligarchy” (70% of total imports controlled by Colombia, Ecuador and Costa Rica) continues to maintain and increase its presence, and European demand shows no sign of wading.
As Colombian shipments arrived at a rate of 17% annually (!), volumes from West Africa (Cameroon and Cote d’Ivoire) have rebounded in 2008, surpassing for the first time the levels recorded five years ago.
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