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Australia - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Australia

In 2020, after two years of decline, there was significant growth in the Australian banana and plantain market, when its value increased by X% to $X. Overall, consumption recorded a tangible expansion. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Banana and plantain consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Banana And Plantain Production in Australia

In value terms, banana and plantain production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2018 to 2020, production growth remained at a lower figure.

In 2020, the average yield of bananas and plantains in Australia rose slightly to X tonnes per ha, growing by X% compared with the previous year's figure. Over the period under review, the yield indicated noticeable growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, banana and plantain yield decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2016 when the yield increased by X% y-o-y. The banana and plantain yield peaked at X tonnes per ha in 2018; however, from 2019 to 2020, 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.

The banana and plantain harvested area in Australia totaled X ha in 2020, remaining constant against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the harvested area increased by X% y-o-y. The banana and plantain harvested area peaked at X ha in 2013; however, from 2014 to 2020, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Australia

In 2020, exports of bananas and plantains from Australia reduced notably to X tonnes, waning by -X% on 2019 figures. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes, and then declined remarkably in the following year.

In value terms, banana and plantain exports declined dramatically to $X in 2020. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Japan (X tonnes) was the main destination for banana and plantain exports from Australia, accounting for a X% share of total exports. Moreover, banana and plantain exports to Japan exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), twofold. Nauru (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Nauru (+X% per year).

In value terms, the largest markets for banana and plantain exported from Australia were Japan ($X), Nauru ($X) and New Zealand ($X), together accounting for X% of total exports. Indonesia, Hong Kong SAR, Singapore and Fiji lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, 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 export markets. In 2020, the country with the highest price was New Zealand ($X per tonne), while the average price for exports to Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand, while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Australia

In 2020, the amount of bananas and plantains imported into Australia contracted rapidly to X tonnes, which is down by -X% on 2019. Overall, imports recorded a abrupt decrease. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. from 2012 to 2020, the growth imports failed to regain the momentum.

In value terms, banana and plantain imports reduced notably to $X in 2020. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Viet Nam (X tonnes) constituted the largest supplier of banana and plantain to Australia, with a X% share of total imports. Moreover, banana and plantain imports from Viet Nam exceeded the figures recorded by the second-largest supplier, Uganda (X tonnes), twofold. Thailand (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Viet Nam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Thailand (-X% per year).

In value terms, Thailand ($X) constituted the largest supplier of banana and plantain to Australia, comprising X% of total imports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total imports. It was followed by Viet Nam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Thailand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (X% per year) and Viet Nam (+X% per year).

Import Prices by Country

In 2020, the average banana and plantain import price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per tonne), while the price for Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?
+
India (31M tonnes) constituted the country with the largest volume of banana and plantain consumption, comprising approx. 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (14M tonnes), twofold. Indonesia (7.4M tonnes) ranked third in terms of total consumption with a 4.5% share.
What are the largest producers of bananas and plantains in the world?
+
India (31M tonnes) constituted the country with the largest volume of banana and plantain production, comprising approx. 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The Philippines (9M tonnes) ranked third in terms of total production with a 5.5% share.
What are the leading suppliers of bananas and plantains to Australia?
+
In value terms, Thailand ($144K) constituted the largest supplier of banana and plantain to Australia, comprising 42% of total imports. The second position in the ranking was occupied by Uganda ($52K), with a 15% share of total imports. It was followed by Viet Nam, with a 11% share.
What are the leading importers of bananas and plantains from Australia?
+
In value terms, the largest markets for banana and plantain exported from Australia were Japan ($26K), Nauru ($22K) and New Zealand ($20K), with a combined 64% share of total exports. These countries were followed by Indonesia, Hong Kong SAR, Singapore and Fiji, which together accounted for a further 36%.
What is the average export price for bananas and plantains in Australia?
+
In 2020, the average banana and plantain export price amounted to $1,975 per tonne, surging by 107% against the previous year.
What is the average import price for bananas and plantains in Australia?
+
The average banana and plantain import price stood at $3,526 per tonne in 2020, increasing by 336% against the previous year.

Product coverage:
• FCL 486 - Bananas
• FCL 489 -

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


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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