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

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

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Banana and Plantain Price in China - 2023

Contents:

  1. Banana and Plantain Price in China (CIF) - 2023
  2. Banana and Plantain Price in China (FOB) - 2023
  3. Banana and Plantain Imports in China
  4. Banana and Plantain Exports in China

Banana and Plantain Price in China (CIF) - 2023

In September 2023, the average banana and plantain import price amounted to $619 per ton, picking up by 3.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 4.3% against the previous month. Over the period under review, average import prices attained the maximum at $673 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Cambodia ($693 per ton) and the Philippines ($615 per ton), while the price for Vietnam ($530 per ton) and Ecuador ($608 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Cambodia (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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Banana and Plantain Price in China (FOB) - 2023

In September 2023, the average banana and plantain export price amounted to $995 per ton, shrinking by -10.8% against the previous month. Over the period under review, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in February 2023 an increase of 38% against the previous month. The export price peaked at $1,369 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Russia ($787 per ton), while the average price for exports to Mongolia totaled $418 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (-0.4%).

Banana and Plantain Imports in China

In 2022, approx. 1.8M tons of bananas and plantains were imported into China; which is down by -2.7% on the previous year. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 5.5% against the previous year.

In value terms, banana and plantain imports rose notably to $1.2B in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Banana and Plantain in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Philippines4404524894762.7%
Vietnam90.511616025541.2%
Cambodia6.0122203238241.0%
Ecuador224208137145-13.5%
Lao People's Democratic Republic2.735.339.235.4135.8%
Myanmar2974.41.12.0-81.1%
Others35.215.29.510.8-32.6%
Total1,0949521,0401,1632.1%

Top Suppliers of Banana and Plantain to China in 2022:

  1. Philippines (725.3K tons)
  2. Vietnam (469.5K tons)
  3. Cambodia (337.4K tons)
  4. Ecuador (200.1K tons)
  5. Lao People's Democratic Republic (54.6K tons)
  6. Myanmar (12.7K tons)

Banana and Plantain Exports in China

In 2022, the amount of bananas and plantains exported from China expanded rapidly to 22K tons, rising by 8.6% on the previous year. In general, exports, however, showed a perceptible decline.

In value terms, banana and plantain exports surged to $25M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern.

Export of Banana and Plantain in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR13.412.515.721.817.6%
Mongolia0.80.81.11.523.3%
Macao SAR0.60.80.80.75.3%
Russia1.10.3N/AN/A-72.7%
Democratic People's Republic of Korea8.30.9N/AN/A-89.2%
Others0.70.80.90.70.0%
Total24.915.918.424.8-0.1%

Top Export Markets for Banana and Plantain from China in 2022:

  1. Russia (undefinedK tons)
  2. Hong Kong SAR (18.5K tons)
  3. Mongolia (2.9K tons)
  4. Macao SAR (0.6K tons)

Source: IndexBox Market Intelligence Platform

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

Product coverage:

  • FCL 486 - Bananas
  • FCL 489 - Plantains

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • 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. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. 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. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

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

    The Largest Destinations for Exports

    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. 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 In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Bananas and Plantains - China