World - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2024

World - Bananas and Plantains - Market Analysis, Forecast, Size, Trends And Insights

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Banana and Plantain Market

Banana and plantain market: get the most recent facts and figures empowered by an Ai-driven market intelligence tool. Facts and figures contain companies, market size, imports, market prices, exports, consumption, production, and trade. Here is a split by region, including the Middle East, the U.K., Africa, EU, Russia, China, Latin America, and the U.S. Market trends and outlook to 2030 are also provided in the dashboards.


Get FREE access to the latest data and statistics on the Banana and Plantain Market.

Banana and Plantain - World's Largest Markets

RatingCountry
1India
2Uganda
3China
4Democratic Republic of the Congo
5Philippines

In value terms, India, Uganda and China appeared to be the countries with the highest levels of market value in 2021, with a combined 33% share of the global market. These countries were followed by Democratic Republic of the Congo, the Philippines, Tanzania, Indonesia, Ghana, Cameroon, Nigeria, Angola, the United States and Brazil, which together accounted for a further 30%.

In terms of the main consuming countries, the Philippines saw the highest growth rate of market size, over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.

Banana and Plantain Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Guatemala551544334-22.1%
Colombia465455464-0.1%
Mexico544535501-4.0%
Honduras511508510-0.1%
Philippines688754655-2.4%
Ecuador663656659-0.3%
Costa Rica6746806770.2%
Cote d'Ivoire7397427400.1%
United States7307267702.7%
Belgium8507928520.1%
Dominican Republic8769008870.6%
Panama969948958-0.6%
Netherlands8429319647.0%
Average656657629-2.1%

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($964 per ton), while Guatemala ($334 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Belgium997958906-4.7%
France8038418935.5%
Japan917925884-1.8%
Germany7507727791.9%
Canada7097077492.8%
Netherlands53881674717.8%
Russia740737739-0.1%
United Kingdom6947037342.8%
Italy687654661-1.9%
Poland6376006511.1%
United States5455515571.1%
China564534550-1.2%
Argentina3493983753.7%
Average6496586671.4%

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($906 per ton), while Argentina ($375 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

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Banana and Plantain - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States2.82.82.80.8%
Germany111.14.7%
Netherlands0.41.11.161.8%
Russia1.11.11.1-1.8%
Belgium1.31.21-9.2%

In value terms, the United States ($2.8B) constitutes the largest market for imported bananas and plantains worldwide, comprising 17% of global imports. The second position in the ranking was occupied by Germany ($1.1B), with a 6.8% share of global imports. It was followed by the Netherlands, with a 6.7% share.

From 2019 to 2021, the average annual growth rate of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Germany (+4.7% per year) and the Netherlands (+61.8% per year).

Banana and Plantain - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Ecuador4.24.34.20.4%
Costa Rica1.71.81.81.6%
Philippines21.61.1-24.0%
Guatemala1.51.40.9-21.2%
Colombia0.910.9-1.4%

In value terms, Ecuador ($4.2B) remains the largest banana and plantain supplier worldwide, comprising 29% of global exports. The second position in the ranking was occupied by Costa Rica ($1.8B), with a 12% share of global exports. It was followed by the Philippines, with a 7.6% share.

In Ecuador, banana and plantain exports remained relatively stable over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (+1.6% per year) and the Philippines (-24.0% per year).

Banana and Plantain - Market Forecast

Driven by increasing demand for banana and plantain worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Banana and Plantain - Top Companies

Tianjin Huilian Food Co.,Ltd., Chiquita Brands International, Inc., RAUCH Fruchtsäfte GmbH & Co OG, Dole Food Company, Inc., Dole Food Company, Inc., ENZAFRUIT NEW ZEALAND INTERNATIONAL LIMITED, Xinyang Shihe District Shihegang Peach Farm Chinese Chestnut Specialty Cooperati ve, Dalian Faxing Food Co., Ltd., DOLE PHILIPPINES, INC., SUNBEAM FOODS PTY LTD, MILDURA FARMERS COMPANY PTY. LTD., ANGAS PARK FRUIT COMPANY PTY. LIMITED, SUNBEAM FOOD HOLDINGS PTY LTD, SUNBEAM FOODS GROUP LIMITED, Dhm Holding Company, Inc, Sanya Haitangwan Jinong Planting & Breeding Farmer Specialty Cooperative, Basic American, Inc., Basic American, Inc., Coffee Plantations Development Enterprise, Döhler Holland B.V.

Banana and Plantain - Product Coverage

  • HS 0803 - Bananas, including plantains; fresh or dried

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global banana and plantain 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 2030.

Product coverage:

  • FCL 486 - Bananas
  • FCL 489 - Plantains

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023
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Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.

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Global banana imports amounted to X thousand tons in 2015, approximately equating the previous year level.

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Ecuador dominates in the global banana trade, significantly strengthening its position in the global export structure from X% in 2007 to X% in 2014. It supplied X% of its total banana exports into the Russian Federation in 2014, accounting for

Free Data: Bananas and Plantains - World