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.
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Banana and Plantain - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | Uganda |
| 3 | China |
| 4 | Democratic Republic of the Congo |
| 5 | Philippines |
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
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per tonne | ||||
| Guatemala | 551 | 544 | 334 | -22.1% |
| Colombia | 465 | 455 | 464 | -0.1% |
| Mexico | 544 | 535 | 501 | -4.0% |
| Honduras | 511 | 508 | 510 | -0.1% |
| Philippines | 688 | 754 | 655 | -2.4% |
| Ecuador | 663 | 656 | 659 | -0.3% |
| Costa Rica | 674 | 680 | 677 | 0.2% |
| Cote d'Ivoire | 739 | 742 | 740 | 0.1% |
| United States | 730 | 726 | 770 | 2.7% |
| Belgium | 850 | 792 | 852 | 0.1% |
| Dominican Republic | 876 | 900 | 887 | 0.6% |
| Panama | 969 | 948 | 958 | -0.6% |
| Netherlands | 842 | 931 | 964 | 7.0% |
| Average | 656 | 657 | 629 | -2.1% |
Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($964 per tonne), while Guatemala ($334 per tonne) 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
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per tonne | ||||
| Belgium | 997 | 958 | 906 | -4.7% |
| France | 803 | 841 | 893 | 5.5% |
| Japan | 917 | 925 | 884 | -1.8% |
| Germany | 750 | 772 | 779 | 1.9% |
| Canada | 709 | 707 | 749 | 2.8% |
| Netherlands | 538 | 816 | 747 | 17.8% |
| Russia | 740 | 737 | 739 | -0.1% |
| United Kingdom | 694 | 703 | 734 | 2.8% |
| Italy | 687 | 654 | 661 | -1.9% |
| Poland | 637 | 600 | 651 | 1.1% |
| United States | 545 | 551 | 557 | 1.1% |
| China | 564 | 534 | 550 | -1.2% |
| Argentina | 349 | 398 | 375 | 3.7% |
| Average | 649 | 658 | 667 | 1.4% |
Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($906 per tonne), while Argentina ($375 per tonne) 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.
Banana and Plantain - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 2.8 | 2.8 | 2.8 | 0.8% |
| Germany | 1 | 1 | 1.1 | 4.7% |
| Netherlands | 0.4 | 1.1 | 1.1 | 61.8% |
| Russia | 1.1 | 1.1 | 1.1 | -1.8% |
| Belgium | 1.3 | 1.2 | 1 | -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
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Ecuador | 4.2 | 4.3 | 4.2 | 0.4% |
| Costa Rica | 1.7 | 1.8 | 1.8 | 1.6% |
| Philippines | 2 | 1.6 | 1.1 | -24.0% |
| Guatemala | 1.5 | 1.4 | 0.9 | -21.2% |
| Colombia | 0.9 | 1 | 0.9 | -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
This report provides an in-depth analysis of the global banana and plantain market.
This report provides an in-depth analysis of the banana and plantain market in Africa.
This report provides an in-depth analysis of the banana and plantain market in Latin America and the Caribbean.
This report provides an in-depth analysis of the banana and plantain market in Eastern Asia.
This report provides an in-depth analysis of the banana and plantain market in South-Eastern Asia.
This report provides an in-depth analysis of the banana and plantain market in Australia and Oceania.
This report provides an in-depth analysis of the banana and plantain market in Northern America.
This report provides an in-depth analysis of the banana and plantain market in Southern Asia.
This report provides an in-depth analysis of the banana and plantain market in the Middle East.
This report provides an in-depth analysis of the banana and plantain market in Central Asia.
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