China: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in China

The Chinese banana and plantain market reached $X in 2020, flattening at the previous year. Overall, consumption posted a remarkable increase. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Banana and plantain consumption peaked in 2020 and is expected to retain growth in years to come.

Banana And Plantain Production in China

In value terms, banana and plantain production reached $X in 2020 estimated in export prices. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is likely to continue growth in the near future.

The average yield of bananas and plantains in China rose slightly to X tonnes per ha in 2020, increasing by X% compared with 2019 figures. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. The banana and plantain yield peaked in 2020 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of bananas and plantains were harvested in China; remaining constant against the year before. Overall, the harvested area continues to indicate modest growth. The growth pace was the most rapid in 2011 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to banana and plantain production attained the maximum at X ha in 2015; however, from 2016 to 2020, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from China

In 2020, overseas shipments of bananas and plantains decreased by -X% to X tonnes for the first time since 2014, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2019, and then declined sharply in the following year.

In value terms, banana and plantain exports dropped remarkably to $X in 2020. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then reduced markedly in the following year.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for banana and plantain exports from China, with a X% share of total exports. Moreover, banana and plantain exports to Hong Kong SAR exceeded the volume sent to the second major destination, Democratic People's Republic of Korea (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic People's Republic of Korea (+X% per year) and Russia (-X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for banana and plantain exports from China, comprising X% of total exports. The second position in the ranking was occupied by Democratic People's Republic of Korea ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic People's Republic of Korea (+X% per year) and Russia (-X% per year).

Export Prices by Country

In 2020, the average banana and plantain export price amounted to $X per tonne, increasing by X% against the previous year. In general, export price indicated a temperate expansion 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. Based on 2020 figures, banana and plantain export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Democratic People's Republic of Korea ($X per tonne), while the average price for exports to Russia ($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 Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into China

After three years of growth, supplies from abroad of bananas and plantains decreased by -X% to X tonnes in 2020. In general, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2019, and then dropped rapidly in the following year.

In value terms, banana and plantain imports fell to $X in 2020. Overall, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019, and then shrank in the following year.

Imports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume from the Philippines stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Viet Nam (+X% per year).

In value terms, the Philippines ($X) constituted the largest supplier of banana and plantain to China, comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the Philippines amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Cambodia (+X% per year).

Import Prices by Country

In 2020, the average banana and plantain import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, banana and plantain import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Cambodia, 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?

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India (31M tonnes) remains the largest banana and plantain consuming country worldwide, accounting for 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?

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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 China?

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In value terms, the Philippines ($438M) constituted the largest supplier of banana and plantain to China, comprising 47% of total imports. The second position in the ranking was occupied by Ecuador ($205M), with a 22% share of total imports. It was followed by Cambodia, with a 13% share.

What are the leading importers of bananas and plantains from China?

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In value terms, Hong Kong SAR ($13M) remains the key foreign market for banana and plantain exports from China, comprising 78% of total exports. The second position in the ranking was occupied by Democratic People's Republic of Korea ($857K), with a 5.4% share of total exports.

What is the average export price for bananas and plantains in China?

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In 2020, the average banana and plantain export price amounted to $1,111 per tonne, picking up by 10% against the previous year.

What is the average import price for bananas and plantains in China?

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The average banana and plantain import price stood at $534 per tonne in 2020, increasing by 5.1% against the previous year.