Brazil - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Brazil - 2024
Contents:
- Banana Price in Brazil (FOB) - 2022
- Banana Price in Brazil (CIF) - 2022
- Banana Exports in Brazil
- Banana Imports in Brazil
Banana Price in Brazil (FOB) - 2022
In 2022, the average banana export price amounted to $444 per ton, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($499 per ton), while the average price for exports to Spain ($296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Banana Price in Brazil (CIF) - 2022
The average banana import price stood at $3,748 per ton in 2022, rising by 4.4% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 72%. As a result, import price attained the peak level of $12,967 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($4,989 per ton), while the price for the Philippines stood at $3,012 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.7%).
Banana Exports in Brazil
In 2022, after three years of growth, there was significant decline in shipments abroad of bananas, when their volume decreased by -22.6% to 83K tons. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 108K tons, and then fell notably in the following year.
In value terms, banana exports totaled $37M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Banana in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 5.6 | 8.4 | 16.9 | 18.4 | 48.7% |
| Uruguay | 9.1 | 9.9 | 11.4 | 14.0 | 15.4% |
| United Kingdom | 3.8 | 2.5 | 4.2 | 2.0 | -19.3% |
| Germany | 0.6 | 0.4 | 0.5 | 1.0 | 18.6% |
| Netherlands | 1.4 | 0.4 | 0.5 | 0.3 | -40.2% |
| Spain | 0.9 | 1.5 | 0.7 | 0.2 | -39.4% |
| Poland | 0.8 | 1.0 | 0.5 | 0.1 | -50.0% |
| Others | 2.7 | 1.7 | 2.2 | 1.0 | -28.2% |
| Total | 24.9 | 25.8 | 36.8 | 37.0 | 14.1% |
Top Export Markets for Banana from Brazil in 2022:
- Argentina (39.9K tons)
- Uruguay (33.1K tons)
- United Kingdom (4.1K tons)
- Germany (2.9K tons)
- Netherlands (0.9K tons)
- Spain (0.7K tons)
- Poland (0.2K tons)
Banana Imports in Brazil
In 2022, supplies from abroad of bananas decreased by -13.9% to 37 tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. As a result, imports attained the peak of 79 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, banana imports reduced to $138K in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 4.9%. As a result, imports reached the peak of $199K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Banana in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 93.5 | 186 | 104 | 69.6 | -9.4% |
| Ecuador | 84.7 | N/A | 49.5 | 68.3 | -6.9% |
| Others | 11.9 | 13.1 | N/A | N/A | 10.1% |
| Total | 190 | 199 | 154 | 138 | -10.1% |
Top Suppliers of Banana to Brazil in 2022:
- Philippines (23.1 tons)
- Ecuador (13.7 tons)
This report provides an in-depth analysis of the banana market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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