China - Bananas - Market Analysis, Forecast, Size, Trends and Insights
China’s Banana Market Reached 7,6B USD in 2016
Photo: © Oleg Znamenskiy / Bigstockphoto
According to market research conducted by IndexBox, China's banana market showed steady growth between 2007 to 2015. However, in 2016 China's banana consumption decreased by 3%, to 13,179 thousand tonnes. This reduction in China's banana consumption in 2016 is mainly a result of the slump in both domestic output and supplies from the Philippines. In value terms, market value reached 7,578 million USD in 2016.
Poor international trade volumes are typical of the Chinese banana market. In 2016, the share of imports in Chinese consumption stood at approx. 7% in physical terms. At the same time, approx. 0.1% of the output was exported. Therefore, imports and exports do not exert a decisive influence on the market.
In 2016, the Chinese imported volume of bananas totaled 887 thousand tonnes. Over the period under review, the volume of banana supplies imported from abroad fluctuated significantly. Following several years of a rising imports volume into China over the period from 2007-2011, the imports volume of bananas into China started to indicate a steady decline from 2012-2013. In 2014, a short-term growth in imports was observed, but this then conceded to a decline over the period from 2015-2016.
In 2016, the Philippines, with 614 thousand tonnes, was the main banana supplier into China. It was followed, somewhat behind, by Ecuador (20%), Myanmar (6%), Viet Nam (3%) and Thailand (2%). The share of banana supplies to China from other countries remains negligible. By 2016 year-end, most countries had reduced their volume of banana supplies or exports to China.
In 2015, the volume of Chinese banana exports totaled 8.3 thousand tonnes. Over the period under review, a negative trend remained typical for Chinese banana exports, with pronounced fluctuations observed over the period in question. The volume of exports from China, however, remains negligible; exports to Hong Kong and Macao account for the the most sizeable exports share.
In 2016, Hong Kong (3.1 thousand tonnes), the Democratic People's Republic of Korea (1.7 thousand tonnes), and Russia (1.3 thousand tonnes) were the main destinations for Chinese bananas, with a combined share of 73% of total exports.
Do you want to know more about the China’s 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 market forecast
- banana price forecast
- key banana producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the banana market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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