China - Bananas - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBanana Price in China - 2023
Contents:
- Banana Price in China (CIF) - 2023
- Banana Price in China (FOB) - 2023
- Banana Imports in China
- Banana Exports in China
Banana Price in China (CIF) - 2023
The average banana import price stood at $583 per ton in November 2023, falling by -1.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 4.3% against the previous month. Over the period under review, average import prices attained the peak figure at $659 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Ecuador ($637 per ton) and Cambodia ($611 per ton), while the price for Vietnam ($469 per ton) and the Philippines ($604 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Philippines (-0.3%), while the prices for the other major suppliers experienced a decline.
Banana Price in China (FOB) - 2023
The average banana export price stood at $1,252 per ton in November 2023, increasing by 7.4% against the previous month. Over the period under review, export price indicated mild growth from December 2022 to November 2023: its price increased at an average monthly rate of +1.2% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, banana export price increased by +59.9% against April 2023 indices. The pace of growth was the most pronounced in February 2023 an increase of 38% against the previous month. Over the period under review, the average export prices reached the maximum in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Kyrgyzstan ($1,050 per ton), while the average price for exports to Mongolia ($418 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.
Banana Imports in China
Banana imports into China declined slightly to 1.8M tons in 2022, reducing by -2.7% against the year before. Overall, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 when imports increased by 5.5% against the previous year.
In value terms, banana imports expanded remarkably to $1.2B in 2022. The total import value increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Banana in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 603 | 452 | 489 | 476 | -7.6% |
| Vietnam | 124 | 116 | 160 | 255 | 27.2% |
| Cambodia | 8.2 | 122 | 203 | 238 | 207.3% |
| Ecuador | 307 | 208 | 137 | 145 | -22.1% |
| Lao People's Democratic Republic | 3.7 | 35.3 | 39.2 | 35.4 | 112.3% |
| Others | 48.2 | 19.6 | 10.6 | 12.8 | -35.7% |
| Total | 1,094 | 952 | 1,040 | 1,163 | 2.1% |
Top Suppliers of Banana to China in 2022:
- Philippines (725.3K tons)
- Vietnam (469.5K tons)
- Cambodia (337.4K tons)
- Ecuador (200.1K tons)
- Lao People's Democratic Republic (54.6K tons)
Banana Exports in China
In 2022, approx. 22K tons of bananas were exported from China; increasing by 8.6% against the year before. Overall, exports, however, recorded a slight contraction.
In value terms, banana exports surged to $25M in 2022. In general, total exports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Banana in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 11.4 | 12.5 | 15.7 | 21.8 | 24.1% |
| Russia | 1.1 | 0.3 | N/A | N/A | -72.7% |
| Democratic People's Republic of Korea | 8.3 | 0.9 | N/A | N/A | -89.2% |
| Others | 2.1 | 2.3 | 2.7 | 3.0 | 12.6% |
| Total | 22.9 | 15.9 | 18.4 | 24.8 | 2.7% |
Top Export Markets for Banana from China in 2022:
- Hong Kong SAR (21.6K tons)
This report provides an in-depth analysis of the banana 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
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:
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
1754
This report provides an in-depth analysis of the banana market in China.
1314
This report provides an in-depth analysis of the banana and plantain market in China.
952
This report provides an in-depth analysis of the plantain market in China.
2627
This report provides an in-depth analysis of the global banana market.
7603
This report provides an in-depth analysis of the global banana and plantain market.
5797
This report provides an in-depth analysis of the global plantain market.
1754
This report provides an in-depth analysis of the banana market in China.
1314
This report provides an in-depth analysis of the banana and plantain market in China.
952
This report provides an in-depth analysis of the plantain market in China.
2627
This report provides an in-depth analysis of the global banana market.
501
Banana imports experienced a significant decline, falling to $85M in June 2023.
524
In 2016 China's consumption on the banana market decreased by X%, to X thousand tons.
1450
In 2013, China's banana production was estimated at X million tons, which was the peak production level recorded from 2007 to 2013. In value terms, it reached X billion USD in 2013, which was X% less than the year before. Despite a consistent
251
Explore the top 10 countries with the highest import value of bananas. Discover key statistics and market insights from IndexBox market intelligence platform.
1305
The demand for bananas remained robust amidst the pandemic. Despite record exports from Ecuador, which remains the world's largest banana supplier, prices in the largest import markets are rising due to strong demand and local COVID-related imbalances in supply chains. Driven by growing population, the global banana market could reach 143M tons by 2030. The increasing epidemic of the TR4 fungus could reduce the growth potential of the global market and accelerate the rise in prices.
1267
The global banana market revenue amounted to $58.5B in 2017, therefore, remained relatively stable against the...
830
The global banana market revenue amounted to $X in 2017, flattening at the previous year. Overall, the total market indi...
2343
The global banana consumption stood at $X in 2016, which was X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
12844
Global banana consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
5178
Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
