Latest Report Update: Nov 16, 2021

Eastern Asia - Bananas - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Eastern Asia: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Eastern Asia

The East Asian banana and plantain market amounted to $X in 2020, approximately mirroring the previous year. The total consumption indicated prominent growth from 2007 to 2020: its value 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, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is likely to see steady growth in years to come.

Banana And Plantain Production in Eastern Asia

In value terms, banana and plantain production amounted to $X in 2020 estimated in export prices. Over the period under review, production posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The level of production peaked in 2020 and is likely to see gradual growth in the immediate term.

The country with the largest volume of banana and plantain production was China (X tonnes), accounting for X% of total volume. It was followed by Taiwan (Chinese) (X tonnes), with a X% share of total production.

In China, banana and plantain production increased at an average annual rate of +X% over the period from 2007-2020.

The average banana and plantain yield rose slightly to X tonnes per ha in 2020, surging 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 in certain years. The pace of growth was the most pronounced in 2016 when the yield increased by X% year-to-year. Over the period under review, the banana and plantain yield reached the maximum level in 2020 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the banana and plantain harvested area in Eastern Asia reached X ha, flattening at 2019. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2011 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure at X ha in 2015; however, from 2016 to 2020, the harvested area stood at a somewhat lower figure.

Production By Country in Eastern Asia

China (X tonnes) remains the largest banana and plantain producing country in Eastern Asia, accounting for X% of total volume. It was followed by Taiwan (Chinese) (X tonnes), with a X% share of total production.

From 2007 to 2020, the average annual growth rate of volume in China stood at +X%.

Banana And Plantain Exports

Exports in Eastern Asia

After three years of growth, shipments abroad of bananas and plantains decreased by -X% to X tonnes in 2020. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, banana and plantain exports contracted notably to $X in 2020. Over the period under review, exports saw a mild curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tonnes) represented the key exporter of bananas and plantains, generating X% of total exports. Taiwan (Chinese) (X tonnes) occupied the second position in the ranking, distantly followed by Hong Kong SAR (X tonnes). All these countries together occupied near X% share of total exports.

China was also the fastest-growing in terms of the bananas and plantains exports, with a CAGR of +X% from 2007 to 2020. Taiwan (Chinese) (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while Taiwan (Chinese) (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced.

In value terms, China ($X) remains the largest banana and plantain supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, banana and plantain exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-X% per year) and Hong Kong SAR (-X% per year).

Export Prices by Country

In 2020, the banana and plantain export price in Eastern Asia amounted to $X per tonne, approximately equating the previous year. Export price indicated a notable 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 2018 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was China ($X per tonne), while Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Banana And Plantain Imports

Imports in Eastern Asia

After three years of growth, overseas purchases of bananas and plantains decreased by -X% to X tonnes in 2020. Total imports indicated a prominent increase from 2007 to 2020: its volume 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, imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2019, and then contracted in the following year.

In value terms, banana and plantain imports dropped to $X in 2020. In general, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of import peaked at $X in 2019, and then declined in the following year.

Imports by Country

China represented the largest importing country with an import of around X tonnes, which finished at X% of total imports. Japan (X tonnes) held the second position in the ranking, distantly followed by South Korea (X tonnes). All these countries together held approx. X% share of total imports. Hong Kong SAR (X tonnes) took a minor share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

In terms of the main importing countries, China saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The banana and plantain import price in Eastern Asia stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in Eastern Asia?
+
China (14M tonnes) constituted the country with the largest volume of banana and plantain consumption, comprising approx. 88% of total volume. Moreover, banana and plantain consumption in China exceeded the figures recorded by the second-largest consumer, Japan (1.1M tonnes), more than tenfold. The third position in this ranking was occupied by South Korea (352K tonnes), with a 2.3% share.
What are the largest producers of bananas and plantains in Eastern Asia?
+
China (12M tonnes) remains the largest banana and plantain producing country in Eastern Asia, accounting for 97% of total volume. It was followed by Taiwan (Chinese) (353K tonnes), with a 2.8% share of total production.
What are the leading suppliers of bananas and plantains in Eastern Asia?
+
In value terms, China ($16M) remains the largest banana and plantain supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($6M), with a 24% share of total exports.
What are the leading importers of bananas and plantains in Eastern Asia?
+
In value terms, the largest banana and plantain importing markets in Eastern Asia were Japan ($988M), China ($933M) and South Korea ($276M), together comprising 97% of total imports.
What is the average export price for bananas and plantains in Eastern Asia?
+
The banana and plantain export price in Eastern Asia stood at $1,040 per tonne in 2020, remaining constant against the previous year.
What is the average import price for bananas and plantains in Eastern Asia?
+
In 2020, the banana and plantain import price in Eastern Asia amounted to $696 per tonne, surging by 5% 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 Eastern 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.


Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

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

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 2007–2020
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 2007–2020
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
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, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020
Biodiesel Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biodiesel market.



Monday, December 20th, 2021 @ 04:00 pm ET


Register
Biogas Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET

Webinar: Global Animal Feed Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global animal feed market.



Thursday, February 11th, 2021 @ 04:00 pm ET

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data