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Asia - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Banana Market Overview 2020

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Banana Market Size in Asia

The Asian banana market was estimated at $X in 2019, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market failed to regain the momentum.

Banana Production in Asia

In value terms, banana production reached $X in 2019 estimated in export prices. The total production indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2019, production growth failed to regain the momentum.

India (X tonnes) constituted the country with the largest volume of banana production, accounting for X% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. Indonesia (X tonnes) ranked third in terms of total production with a X% share.

In India, banana production increased at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Indonesia (+X% per year).

In 2019, the average yield of bananas in Asia stood at X tonnes per ha, approximately reflecting 2018. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the yield increased by X% y-o-y. Over the period under review, the banana yield reached the maximum level at X tonnes per ha in 2013; however, from 2014 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of bananas were harvested in Asia; increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. The level of harvested area peaked in 2019 and is likely to see steady growth in the immediate term.

Production By Country in Asia

The country with the largest volume of banana production was India (X tonnes), accounting for X% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. Indonesia (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual growth rate of volume in India totaled +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Indonesia (+X% per year).

Banana Exports

Exports in Asia

In 2019, banana exports in Asia surged to X tonnes, jumping by X% compared with the previous year's figure. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, banana exports soared to $X in 2019. Total exports indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

The Philippines was the major exporter of bananas in Asia, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by Lao People's Democratic Republic (X tonnes), generating a X% share of total exports. India (X tonnes), Myanmar (X tonnes), Pakistan (X tonnes) and Kuwait (X tonnes) followed a long way behind the leaders.

Exports from the Philippines increased at an average annual rate of +X% from 2007 to 2019. At the same time, Lao People's Democratic Republic (+X%), Pakistan (+X%), Kuwait (+X%), India (+X%) and Myanmar (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2019. From 2007 to 2019, the share of Lao People's Democratic Republic, the Philippines, India, Pakistan and Myanmar increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) remains the largest banana supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by India, with a X% share.

In the Philippines, banana exports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+X% per year) and India (+X% per year).

Export Prices by Country

In 2019, the banana export price in Asia amounted to $X per tonne, dropping by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The level of export peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the Philippines ($X per tonne), while Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Kuwait, while the other leaders experienced more modest paces of growth.

Banana Imports

Imports in Asia

In 2019, overseas purchases of bananas increased by X% to X tonnes, rising for the third year in a row after two years of decline. Total imports indicated a buoyant increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. The volume of import peaked in 2019 and is likely to see gradual growth in the near future.

In value terms, banana imports reduced to $X in 2019. Total imports indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by X% y-o-y. The level of import peaked at $X in 2018, and then reduced modestly in the following year.

Imports by Country

In 2019, China (X tonnes), distantly followed by Japan (X tonnes), South Korea (X tonnes), the United Arab Emirates (X tonnes), Iraq (X tonnes), Saudi Arabia (X tonnes) and Iran (X tonnes) were the largest importers of bananas, together making up X% of total imports. Turkey (X tonnes) held a relatively small share of total imports.

From 2007 to 2019, the biggest increases were in Iraq, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports. The United Arab Emirates, Saudi Arabia, Iraq, Iran and Turkey lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the banana import price in Asia amounted to $X per tonne, falling by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Iraq ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas in Asia?
+
India (31M tonnes) constituted the country with the largest volume of banana consumption, comprising approx. 48% of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. Indonesia (7.4M tonnes) ranked third in terms of total consumption with a 11% share.
What are the largest producers of bananas in Asia?
+
India (32M tonnes) constituted the country with the largest volume of banana production, accounting for 49% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. Indonesia (7.5M tonnes) ranked third in terms of total production with a 12% share.
What are the leading exporters of bananas in Asia?
+
In value terms, the Philippines ($2B) remains the largest banana supplier in Asia, comprising 79% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($194M), with a 7.5% share of total exports. It was followed by India, with a 2.9% share.
What are the leading importers of bananas in Asia?
+
In value terms, the largest banana importing markets in Asia were Japan ($959M), China ($846M) and South Korea ($302M), together accounting for 69% of total imports. These countries were followed by the United Arab Emirates, Saudi Arabia, Iraq, Iran and Turkey, which together accounted for a further 17%.
What is the average export price for bananas in Asia?
+
The banana export price in Asia stood at $647 per tonne in 2019, falling by -8% against the previous year.
What is the average import price for bananas in Asia?
+
In 2019, the banana import price in Asia amounted to $582 per tonne, waning by -5.4% against the previous year.

Product coverage:
• FCL 486 - Bananas

This report provides an in-depth analysis of the banana market in Asia. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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