Japan: Banana And Plantain Market 2022

Banana And Plantain Market Size in Japan

For the fourth consecutive year, the Japanese banana and plantain market recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw a slight expansion. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Banana And Plantain Production in Japan

In value terms, banana and plantain production dropped modestly to $X in 2021 estimated in export prices. Overall, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of bananas and plantains in Japan soared to X tonnes per ha in 2021, picking up by X% compared with 2020 figures. Overall, the yield showed noticeable growth. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the average banana and plantain yield hit record highs in 2021 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 2021, approx. X ha of bananas and plantains were harvested in Japan; shrinking by -X% against the year before. Overall, the harvested area recorded a deep contraction. The growth pace was the most rapid in 2019 when the harvested area increased by X% y-o-y. The banana and plantain harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from Japan

After five years of growth, overseas shipments of bananas and plantains decreased by -X% to X tonnes in 2021. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, the exports attained the peak figure at X tonnes in 2020, and then declined significantly in the following year.

In value terms, banana and plantain exports fell notably to $X in 2021. Overall, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then plummeted in the following year.

Exports by Country

The Philippines (X tonnes) was the main destination for banana and plantain exports from Japan, with a X% share of total exports. Moreover, banana and plantain exports to the Philippines exceeded the volume sent to the second major destination, Singapore (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+X% per year) and Hong Kong SAR (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2021, the average banana and plantain export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per tonne. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to the Philippines ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Japan

Banana and plantain imports into Japan rose slightly to X tonnes in 2021, increasing by X% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, banana and plantain imports dropped slightly to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, the Philippines (X tonnes) constituted the largest supplier of banana and plantain to Japan, 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), sixfold. The third position in this ranking was occupied by Mexico (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the Philippines totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Mexico (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2021, falling by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Guatemala ($X per tonne) and the Philippines ($X per tonne), while the price for Ecuador ($X per tonne) and Mexico ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform