U.S. - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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U.S. - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jun 16, 2022

Banana Prices Surged to A Record High in April

IndexBox has just published a new report: 'U.S. - Bananas - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

U.S. Banana Import Prices by Country

U.S. banana import price peaked at $494 in Apr 2022 and is expected to retain growth in the near future. Over the period from Jan 2021 to Apr 2022, it increased at an average monthly rate of +4.2%. The pace of growth appeared the most rapid in Feb 2022 when the average import price increased by 1.6% m-o-m.

Average prices varied somewhat amongst the major supplying countries. In Apr 2022, the countries with the highest prices were Colombia ($570 per tonne) and Costa Rica ($517 per tonne), while the price for Ecuador ($449 per tonne) and Guatemala ($472 per tonne) were amongst the lowest.

From Jan 2021 to Apr 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports into the U.S.

After three months of growth, purchases abroad of bananas decreased by -12.3% to 375K tonnes in Apr 2022. The total import volume increased at an average monthly rate of +1.2% over the period from Jan 2021 to Apr 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain months. The pace of growth appeared the most rapid in Mar 2022 with an increase of 14% month-to-month. As a result, imports reached the peak of 428K tonnes. From Apr 2022 to Apr 2022, the growth imports remained at a lower figure.

In value terms, banana imports dropped to $186M (IndexBox estimates) in Apr 2022. The total import value increased at an average monthly rate of +5.5% from Jan 2021 to Apr 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in Mar 2022 when imports increased by 16% against the previous month. As a result, imports attained the peak of $209M. From Apr 2022 to Apr 2022, the growth imports remained at a somewhat lower figure.

Imports by Country

In Apr 2022, Guatemala (162K tonnes) constituted the largest supplier of banana to the United States, accounting for a 43% share of total imports. Moreover, banana imports from Guatemala exceeded the figures recorded by the second-largest supplier, Costa Rica (50K tonnes), threefold. The third position in this ranking was occupied by Honduras (48K tonnes), with a 13% share.

From Jan 2021 to Apr 2022, the average monthly growth rate of volume from Guatemala amounted to +35.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (-37.4% per month) and Honduras (+156.7% per month).

In value terms, Guatemala ($76M) constituted the largest supplier of banana to the United States, comprising 41% of total imports. The second position in the ranking was occupied by Costa Rica ($26M), with a 14% share of total imports. It was followed by Honduras, with a 13% share.

From Jan 2021 to Apr 2022, the average monthly rate of growth in terms of value from Guatemala amounted to +39.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (-32.3% per month) and Honduras (+176.4% per month).

Source: IndexBox Platform

This report provides an in-depth analysis of the banana market in the U.S.. 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 2030.


Product coverage:
• FCL 486 - Bananas
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

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

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

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. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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