Brazil and Ecuador Are the Major Producers on the Banana Market in Central and South America

Tropical And Subtropical Fruits July 03, 2018
South America - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "South America: Bananas - Market Report. Analysis And Forecast To •••". Here is a summary of the report’s key findings.

Banana Consumption Slipped Back Slightly in 2016; the Overall Trend, however, Remains Relatively Stable

In 2016, the banana market of Central and South America stood at ••• tonnes. Despite some fluctuations in certain years, there was overall stable trend pattern of banana consumption from 2010 to 2016. Previously, consumption increased with a double-digit growth rate. In wholesale prices, the market contracted to $••• in 2016, demonstrating a downward trend from 2010 (IndexBox estimates). This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). 

Banana Consumption Is Expected to Reach ••• Tonnes by •••

In the medium term, banana markets in Central and Latin America countries are set to continue moderate growth. Bananas are one of the staple foods in Central and Latin America, which, depending on the banana variety, are used not only as a dessert but also as a basic food; therefore, the steady demand for bananas will continue in the countries of the region. 

In the medium term, Central and Latin American market is set to continue a moderate growth. The expected population growth will drive the consumption of bananas in these countries. In the medium term, the increase in banana consumption is projected to average +•••% annually from 2016 to •••. By •••, the market volume is expected to reach ••• tonnes.

Brazil Alone Consumed almost Half of Bananas Produced in Central and South America

The countries with the highest consumption were Brazil (•••% of total consumption), Mexico (•••%), Guatemala (•••%), Dominican Republic (•••%), Argentina (•••%), Venezuela (•••%), Ecuador (•••%), Cuba (•••%) and Haiti (•••%). The remaining countries together comprised near •••% of the total banana consumption in Central and South America. 

The highest annual growth rates of banana consumption from 2007 to 2016 were recorded in Dominican Republic, with +•••% per year, Guatemala, with +•••% per year. Consequently, Guatemala (+••• percentage points) and Dominican Republic (+••• percentage points) strengthened their shares in terms of the regional consumption from 2007 to 2016. By contrast, the shares of Brazil and Ecuador declined by -••• percentage points, each, over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Guatemala (••• kg/year) and Dominican Republic (••• kg/year), which was significantly higher than the regional average of ••• kg/year. In these countries per capita consumption grew notably in 2007-2016. The countries with a lowest level of per capita consumption at ••• kg per year, Mexico (-•••%) and Venezuela (-•••%), experienced a negative trend of per capita consumption. In Argentina, where it was at ••• kg per year, only a moderate pace of growth was recorded.

Banana Production in Central and South America Contracted Slightly

Production of bananas grew from ••• tonnes in 2007 to ••• tonnes in 2016 by +•••% per year, over the last nine years. There was an overall upward trend with only mild fluctuations from 2007-2016. In value terms, it accounted for $••• in 2016, contracting slightly after eight years of consistent growth.

Brazil and Ecuador Constituted Major Banana Producers in Central and South America

In 2016, Brazil (•••%) and Ecuador (•••%) were the key banana producing countries in Central and South America. The other major producers were Guatemala (•••%), Costa Rica (•••%), Mexico (•••%), Colombia (•••%) and the Dominican Republic (•••%). In the Dominican Republic and Guatemala, production levels increased by +•••% and +•••%, annually from 2007 to 2016, largely attributed to a pronounced growth in harvested areas and yield improvement. 

Approx. •••% of Total Consumption of Bananas in Central and South America Was Imported

In Central and South America most countries were independent of imports.  A high proportion of imports in consumption was recorded in Argentina, which was buying bananas in Ecuador and Bolivia. The total volume of imports in the region was only •••% of the volume of consumption. The region exports bananas to a greater extent, about •••% of the total production. Since 2010, this share has slightly increased by ••• percentage points.

Ecuador, Guatemala, Costa Rica and Colombia Remain Major Banana Exporters

In 2016, the volume of total banana exports from the countries of Central and South America totalled ••• tonnes in 2016, increasing steadily over the last three years; previously, a relatively flat trend pattern was recorded from 2007 up to 2014, when the current upward trend began. In value terms, it amounted to $••• in 2016, expanding robustly at an average annual rate of +•••% from 2007-2016. It was driven by a strong demand for bananas worldwide and increasing export prices for bananas.

Ecuador (••• tonnes), Guatemala (••• tonnes), Costa Rica (••• tonnes), Colombia (••• tonnes), Honduras (••• tonnes), Mexico (••• tonnes) and the Dominican Republic (••• tonnes) were the main suppliers of bananas with a combined share of •••% of total exports. These countries constitute major suppliers of banana not only in Central and South America, but worldwide as well. From 2007 to 2016, Mexico (+•••% per year) and Guatemala (+•••% per year) were the fastest growing suppliers among the major exporters; therefore, Mexico, which previously exported negligible amounts of bananas, emerged as a major banana supplier.

Argentina and El Salvador Remain Major Banana Importers

The volume of total imports in South and Central America amounted to ••• tonnes, which equated $••• in 2016. The volume of imports have been increasing steadily over the last three years, driven by increasing shipments to Argentina, El Salvador and Honduras. In value terms, however, it flattened from 2013-2016, affected by declining import prices. These figures, however, were insignificant in terms of the total market scale: many countries in South and Central America not only produce large amounts of bananas, but also constitute major Central and South America’s exporters. 

In 2016, Argentina (••• tonnes), El Salvador (••• tonnes), Honduras (••• tonnes) and Colombia (••• tonnes) constituted the leading destinations of bananas imports, together comprising •••% of total imports. Amongst the major importing countries Honduras (+•••% per year), Argentina (+•••% per year) and El Salvador (+•••% per year) gained the highest annual growth rates from 2007 to 2016. While the shares of Argentina (+••• percentage points to •••%) and Honduras (+••• percentage points to •••%) in terms of total imports increased significantly from 2007-2016, the share of Colombia demonstrated a sharp contraction (-••• percentage points to •••%). The shares of the other countries remained relatively stable throughout the analysed period.

Do you want to know more about the South American banana market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • banana market share
  • banana prices
  • banana industry
  • banana sales
  • banana import
  • banana export
  • banana market forecast
  • banana price forecast
  • key banana producers

Source: South America: Bananas - Market Report. Analysis And Forecast To •••

This report has been designed to provide a detailed survey of the South American banana market. It reveals the most recent data of the market value, consumption, domestic production, exports and imports, price dynamics and food balance. The report shows the sales data, allowing you to identify the key drivers and restraints. You can discover here a strategic analysis of key factors influencing the market. Forecast illustrate how the market will be transformed in the medium term. Profiles of the leading producers are also included.

Countries coverage: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela.

Product coverage:
Bananas

Data coverage:
• Market value
• Volume and dynamics of production
• Structure of production by regions and counties
• Key market players and their profiles
• Volume and dynamics of exports/imports
• Producer prices, import/export prices
• Market trends, drivers and restraints
• Forecast of the market dynamics in the medium term
• Per-Capita Consumption

Why buy this report?
• Get the full picture of the market
• Assess future market prospects
• Adjust your marketing strategy
1. INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY

2. EXECUTIVE SUMMARY
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
3.1 MARKET VOLUME AND VALUE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET OPPORTUNITIES BY COUNTRY
3.4 MARKET FORECAST TO 2025


4. PRODUCTION
4.1 PRODUCTION, HARVESTED AREA AND YIELD IN 2007-2016
4.2 PRODUCTION BY COUNTRY
4.3 HARVESTED AREA AND YIELD BY COUNTRY

5. IMPORTS
5.1 IMPORTS IN 2007-2016
5.2 IMPORTS BY COUNTRY
5.3 IMPORT PRICES BY COUNTRY

6. EXPORTS
6.1 EXPORTS IN 2007-2016
6.2 EXPORTS BY COUNTRY
6.3 EXPORT PRICES BY COUNTRY

7. PRICES AND PRICE DEVELOPMENT

7.1 PRODUCER PRICES
7.2 PRODUCER PRICES INDEX

8. PROFILES OF MAJOR PRODUCERS

Appendix 1: Value of Production
Appendix 2: Commodity Balance
Appendix 3: Production, Harvested area and Yield
Appendix 4: Trade and Prices by Countries
Appendix 5: Direction of Trade Between Major Producers and Consumers
Appendix 6: Producer Prices Index

LIST OF TABLES

Table 1: Key Findings
Table 2: Per-Capita consumption, by major consuming countries
Table 3: Comparison of consumption, production and imports, by country
Table 4: Production of Bananas, in physical terms, by country, 2007-2016
Table 5: Harvested area, by country, 2007-2016
Table 6: Yield, by country, 2007-2016
Table 7: Imports of Bananas, in physical terms, by country, 2007-2016
Table 8: Imports of Bananas, in value terms, by country, 2007-2016
Table 9: Exports of Bananas, in physical terms, by country, 2007-2016
Table 10: Exports of Bananas, in value terms, by country, 2007-2016
Table 11: Producer prices for Bananas, by major producing countries, 2012
Table 12: Producer prices index - annual data (2004-2006 = 100), by major producing countries
Table 13: Gross production value of Bananas, 2007-2016
Table 14: Commodity balance: domestic supply vs. domestic utilization
Table 15: Production, harvested area and yield, by country, 2007-2016
Table 16: Trade of Bananas and prices, by country and type, 2009-2016
Table 17: Direction of trade of Bananas between major producers and consumers, in physical terms, 2016
Table 18: Producer prices index - annual data (2004-2006 = 100), by countries

LIST OF FIGURES

Figure 1: Market value – at producer prices, 2007-2016
Figure 2: Consumption, by region, 2016
Figure 3: Imports in terms of value, growth and share
Figure 4: Market forecast to 2025
Figure 5: Production of Bananas, in physical terms, 2007–2016
Figure 6: Harvested area, 2007–2016
Figure 7: Yield, 2007–2016
Figure 8: Production of Bananas, by region, 2016
Figure 9: Production of Bananas, in physical terms, by country, 2007–2016
Figure 10: Harvested area, by region, 2016
Figure 11: Harvested area, by country, 2007–2016
Figure 12: Yield, by country, 2007-2016
Figure 13: Imports of Bananas, in physical terms, 2007-2016
Figure 14: Imports of Bananas, in value terms, 2007-2016
Figure 15: Imports of Bananas, by region, 2016
Figure 16: Imports of Bananas, in physical terms, by country, 2007–2016
Figure 17: Import prices of Bananas, 2007-2016
Figure 18: Exports of Bananas, in physical terms, 2007-2016
Figure 19: Exports of Bananas, in value terms, 2007-2016
Figure 20: Exports of Bananas, by region, 2016
Figure 21: Exports of Bananas, in physical terms, by country, 2007–2016
Figure 22: Export prices of Bananas, 2007-2016