China - Bananas - Market Analysis, Forecast, Size, Trends and Insights

China: Banana Market Overview 2019

Banana Market Size in China

The revenue of the banana market in China amounted to $X in 2017, reducing by -X% against the previous year. Overall, banana consumption continues to indicate a strong growth. The growth pace was the most rapid in 2014, with an increase of X% year-to-year. In that year, the banana market attained their peak level of $X. From 2015 to 2017, growth of the banana market stood at a somewhat lower level.

Banana Production in China

In 2017, production of bananas in China totaled X tonnes, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. Over the period under review, the banana production reached its maximum volume of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level. Banana output in China indicated a conspicuous increase, which was largely conditioned by a noticeable increase of the harvested area and a modest expansion in yield figures.

Average yield of bananas in China totaled X tonne per ha in 2017, growing by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when yield increased by X% y-o-y. The banana yield peaked of X tonne per ha in 2013; however, from 2014 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of bananas production in China totaled X ha, reducing by -X% against the previous year. The harvested area increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. The banana harvested area peaked of X ha in 2016, and then declined slightly in the following year.

Banana Exports

Exports from China

Banana exports from China totaled X tonnes in 2017, increasing by X% against the previous year. In general, banana exports continue to indicate a moderate drop. The growth pace was the most rapid in 2017, when it surged by X% year-to-year. Over the period under review, the banana exports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, banana exports totaled $X in 2017. Overall, banana exports continue to indicate a prominent expansion. In that year, the banana exports attained their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

China, Hong Kong SAR (X tonnes) was the main destination of banana exports from China, with a X% share of total exports. Moreover, banana exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, Democratic People's Republic of Korea (X tonnes), fourfold. China, Macao SAR (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to China, 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 China, Macao SAR (+X% per year).

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

From 2007 to 2017, the average annual rate of growth in terms of value to China, Hong Kong SAR totaled +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

The average banana export price stood at $X per tonne in 2017, coming up by X% against the previous year. In general, banana export price continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2010, an increase of X% against the previous year. Over the period under review, the average export prices for bananas attained its maximum level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was China, Hong Kong SAR ($X per tonne), while average price for exports to China, Macao SAR ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to China, Hong Kong SAR (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Banana Imports

Imports into China

In 2017, banana imports into China stood at X tonnes, increasing by X% against the previous year. Overall, banana imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. In that year, the banana imports attained their peak volume of X tonnes. From 2015 to 2017, growth of the banana imports failed to regain its momentum.

In value terms, banana imports amounted to $X in 2017. In general, banana imports continue to indicate a prominent increase. In that year, the banana imports reached their peak level of $X. From 2015 to 2017, growth of the banana imports stood at a somewhat lower level.

Imports by Country

In 2017, the Philippines (X tonnes) constituted the largest supplier of banana to China, accounting for X% share of total imports. Moreover, banana imports from the Philippines exceeded the figures recorded by the second largest supplier, Ecuador (X tonnes), fourfold. The third position in this ranking was occupied by Myanmar (X tonnes), with a X% share.

From 2007 to 2017, 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 Myanmar (+X% per year).

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

From 2007 to 2017, the average annual growth rate 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 Thailand (+X% per year).

Import Prices by Country

The average banana import price stood at $X per tonne in 2017, going down by -X% against the previous year. In general, banana import price continues to indicate a strong growth. The growth pace was the most rapid in 2011, an increase of X% against the previous year. The import price peaked of $X per tonne in 2015; however, from 2016 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Thailand ($X per tonne), while price for Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Thailand (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform