India and China Remain the Largest Banana Markets in the World

Tropical And Subtropical Fruits May 08, 2018
World - Bananas - Market Analysis, Forecast, Size, Trends and Insights

Format: Electronic (PDF) by email (February 25, 2019)

Limited Time Offer




Pricing Plan
By clicking «Buy the Report», you agree to our terms of service and privacy policy. We’ll occasionally send you account related emails.
Abstract
Description
Table of Contents

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

The Global Banana Consumption Resumed Its Growth

The global banana consumption stood at $X in 2016, which was X% more than the year before. 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). 

The value of global banana market as a whole was characterised by an upward trend over the period from 2007 to 2016. However, the trend pattern was not consistant: while from 2007 to 2012, the world banana market was growing steadily, this growth was followed by a decline in market volume over the next three years. In 2016, the market recovered, reaching its highest level in value terms.

In physical terms, the global banana consumption grew by +X% per year, amounting to X tonnes in 2016. From 2011 to 2016 banana market fluctuating mildly, after the period of steady growth. Given the stability of consumption volumes in physical terms, fluctuations in market value could be explained by price changes.

In the Medium Term, the Global Banana Market is Set to Continue Moderate Growth

Bananas are one of the most popular fruits in the world. They are not only consumed raw, but are also used in making juices, sauces, baked goods and various dishes.

In India, which accounts for a quarter of bananas consumed worldwide, the upward trend in consumption is expected to continue, due to the population growth and large volumes of domestically grown bananas available, which fully satisfy the market demand. In other major Asian markets, China and Indonesia, consumption is also expected to increase with continuing population growth.

Average per capita consumption in Asia, however, is inferior to that in the African countries, where bananas are a staple food. African countries, namely Angola, Tanzania, Rwanda stood amongst the leaders in terms of per capita consumption.

As for the developed countries, in the U.S. and Europe bananas are considered a quick healthy snack, convenient in a fast-paced life. Low per capita consumption in the U.S. suggests opportunities for its further growth against the backdrop of population and income growth.

In the medium term, the global banana market is set to continue moderate growth. The expected population growth will drive the consumption of bananas in the world. In the medium term, the increase in banana consumption is projected to average +X% annually from 2017 to X. By X, the market volume is expected to reach X tonnes.

India and China Remain the Largest Banana Markets in the World

In 2016, India (X%), China (X%), Indonesia (X%), Brazil (X%), Philippines (X%), the U.S. (X%), Angola (X%), Tanzania (X%), and Rwanda (X%) were the largest banana markets in the world, based on physical terms. The above countries together account for about X% of the world consumption of bananas. In addition, most of these countries, except for the U.S., were also the leading producers of bananas in the world.

Amongst these countries, Angola (+X%) and China (+X%) had the highest annual growth rates of bananas consumption over the period under review.

India and China constitute the largest banana markets, however, these countries had the lowest volume of per capita consumption: X kg/per person and X kg/per person, respectively. At the same time, African countries, Rwanda (X kg/year), Angola (X kg/year), Tanzania (X kg/year), remain leaders in per capita consumption, which is explained by the relatively small population and the fact that bananas are a traditional local fruit, which, combined with a lower standard of living compared to developed countries, determines the significant role of bananas in people's diets.

Global Banana Production Posted Moderate Gains

Production of banana stood at $X in 2016, which was $X (or X%) more than in 2015. In general, the production of bananas in value terms has had an upward trend since the beginning of the period up to 2013, when it started to decline as a result of lower producer prices. It was only in 2016 when production recovered and reached its new peak.

In physical terms, banana production stood at X tonnes, which was X% less than year before. However, overall, the global banana production grew by +X% over the period under review.

In 2016, harvested area of bananas amounted to X ha, with minor fluctuations from 2007 to 2016. Banana yield grew gradually from X tonne/ha in 2007 to X tonne/ha in 2016.

All Key Banana Producers Increased Their Production Volume

In 2016, India (X%), China (X%), Indonesia (X%), Brazil (X%), Ecuador (X%), Philippines (X%), Angola (X%), Guatemala (X%), Tanzania (X%), and Rwanda (X%), were the largest and main banana producing countries, together making up X% of total output.

Angola (+X%), China (+X%), and Guatemala (+X%) had the highest growth rate in banana production among leading producing countries.

However, among the main producers, the largest harvested areas were in India (X%), Brazil (X%), Tanzania (X%), Philippines (X%), China (X%), and Rwanda (X%), together accounting for X% of harvested area in the world. 

The largest yield had Indonesia (X tonne/ha), Guatemala (X tonne/ha), Ecuador (X tonne/ha), India (X tonne/ha), China (X tonne/ha) and Angola (X tonne/ha).

Approx. X% of Bananas Consumed Worldwide Are Imported

Bananas will continue to be highly traded, fueled by increasing consumption, trade liberalisation policies, and intense global and regional integration. High trade intensity is determined mainly by the substantial distances between the main countries of banana production and key consuming countries, which is especially characteristic for the European countries and the U.S. In the period from 2007 to 2016, the share of imports in consumption remained relatively stable at the level of X%.

Ecuador Leads Global Banana Exports

In 2016, the volume of global exports totalled X tonnes, increasing gradually by on average +X% per year from 2007-2016; however, some noticeable fluctuations occurred in certain years. In value terms, it amounted to $X in 2016; the trend pattern generally mirrored that of the volume of imports, but the growth was even more pronounced due to an increase in prices.

Ecuador ranks first in terms of global banana exports with a share of X% of the total exports (in physical terms). In 2016, Ecuador exported X tonnes of bananas, which accounted for X% of its total banana output. Of this amount, X% was supplied to Russia, where bananas from Ecuador dominated local consumption. Besides Ecuador, the largest global suppliers in 2016, all lagging somewhat behind in terms of the volume of exports, were Guatemala (X tonnes), Costa Rica (X tonnes), Colombia (X tonnes) and the Philippines (X tonnes); together they comprised another X% of global exports. Guatemala was the fastest growing supplier from 2007 to 2016, with the volume of exports expanding at an average annual rate of +X% per year from 2007-2016. 

Despite being the largest global producers of bananas, India and China did not export much of their production, meaning that it was consumed domestically. Another country with large banana exports was Belgium (X tonnes in 2016), but taken into consideration the fact that Belgium doesn’t grow any bananas, and the imports volumes were also high, banana shipments from Belgium should be considered re-exports.

The U.S. Remained the Major Importer of Bananas

The volume of global imports totalled X tonnes in 2016, which equated to $X. A trend pattern of imports generally mirrored that of exports: these trade flows globally complement each other. 

In 2016, the U.S. (X tonnes), Germany (X tonnes), Russia (X tonnes), Belgium (X tonnes), the UK (X tonnes), Japan (X tonnes) and China (X tonnes) constituted the leading destinations of banana imports, together comprising X% of global imports. Amongst the major importing countries, China, (+X% per year) and Russia (+X% per year) gained the highest annual growth rates from 2007 to 2016. While the share of China increased slightly from X% in 2007 to X% in 2016, the share of Germany and the U.S., both contracted by the same -X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about global 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: World: Bananas - Market Report. Analysis And Forecast To X

Product coverage:
HS 0803 - Bananas, including plantains; fresh or dried;
FCL 486 - Bananas.

This report provides an in-depth analysis of the global banana market. 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.

Country coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 COUNTRIES WITH TOP YIELDS
5.4 TOP EXPORTING COUNTRIES
5.5 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY
7.3 HARVESTED AREA AND YIELD BY COUNTRY

8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PRICES AND PRICE DEVELOPMENT
The Best Market Prices and Their Trend Patterns
10.1 PRODUCER PRICES
10.2 PRODUCER PRICES INDEX

11. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

12. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Harvested Area, By Country, 2007-2017
Table 7: Yield, By Country, 2007-2017
Table 8: Imports, In Physical Terms, By Country, 2007–2017
Table 9: Imports, In Value Terms, By Country, 2007–2017
Table 10: Import Prices, By Country Of Destination, 2007–2017
Table 11: Exports, In Physical Terms, By Country, 2007–2017
Table 12: Exports, In Value Terms, By Country, 2007–2017
Table 13: Export Prices, By Country Of Origin, 2007–2017
Table 14: Producer Prices, By Major Producing Country, 2017
Table 15: Producer Prices Index - Annual Data (2004-2006 = 100), By Major Producing Country

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Yield And Growth
Figure 11: Exports And Growth
Figure 12: Export Prices And Growth
Figure 13: Market Size And Growth
Figure 14: Per Capita Consumption
Figure 15: Imports And Growth
Figure 16: Import Prices
Figure 17: Production, In Physical Terms, 2007–2017
Figure 18: Production, In Value Terms, 2007–2017
Figure 19: Area Harvested, 2007–2017
Figure 20: Yield, 2007–2017
Figure 21: Production, By Country, 2017
Figure 22: Production, In Physical Terms, By Country, 2007–2017
Figure 23: Harvested Area, By Country, 2017
Figure 24: Harvested Area, By Country, 2007-2017
Figure 25: Yield, By Country, 2007-2017
Figure 26: Imports, In Physical Terms, 2007–2017
Figure 27: Imports, In Value Terms, 2007–2017
Figure 28: Imports, In Physical Terms, By Country, 2017
Figure 29: Imports, In Physical Terms, By Country, 2007–2017
Figure 30: Imports, In Value Terms, By Country, 2007–2017
Figure 31: Import Prices, By Country, 2007–2017
Figure 32: Exports, In Physical Terms, 2007–2017
Figure 33: Exports, In Value Terms, 2007–2017
Figure 34: Exports, In Physical Terms, By Country, 2017
Figure 35: Exports, In Physical Terms, By Country, 2007–2017
Figure 36: Exports, In Value Terms, By Country, 2007–2017
Figure 37: Export Prices, 2007–2017