Japan: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Japan

The Japanese banana and plantain market expanded remarkably to $X in 2019, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Banana and plantain consumption peaked at $X in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Banana And Plantain Production in Japan

In value terms, banana and plantain production expanded significantly to $X in 2019 estimated in export prices. Overall, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Banana and plantain production peaked at $X in 2009; however, from 2010 to 2019, production remained at a lower figure.

In 2019, the average yield of bananas and plantains in Japan totaled X tonnes per ha, standing approx. at the previous year's figure. Overall, the yield showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The banana and plantain yield peaked at X tonnes per ha in 2007; however, from 2008 to 2019, 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.

In 2019, the harvested area of bananas and plantains in Japan was estimated at X ha, remaining constant against the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at X ha in 2007; afterwards, it flattened through to 2019.

Banana And Plantain Exports

Exports from Japan

In 2019, banana and plantain exports from Japan fell to X tonnes, reducing by -X% on 2018 figures. Overall, exports showed a perceptible downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, banana and plantain exports shrank to $X in 2019. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

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, Hong Kong SAR (X kg), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to the Philippines totaled +X%.

In value terms, the Philippines ($X) and Hong Kong SAR ($X) were the largest markets for banana and plantain exported from Japan worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, the Philippines saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2010; however, from 2011 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to the Philippines stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.

Banana And Plantain Imports

Imports into Japan

Banana and plantain imports into Japan rose modestly to X tonnes in 2019, with an increase of X% on 2018 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, banana and plantain imports rose rapidly to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the Philippines (X tonnes) constituted the largest supplier of banana and plantain to Japan, accounting for 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), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume 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).

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 a X% share of total imports.

From 2007 to 2019, 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 Mexico (+X% per year).

Import Prices by Country

In 2019, the average banana and plantain import price amounted to $X per tonne, approximately equating the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was the Philippines ($X per tonne), while the price for Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas in the world?

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The country with the largest volume of banana consumption was India (30M tonnes), comprising approx. 26% of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.3M tonnes), with a 6.2% share.

What are the largest producers of bananas in the world?

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India (30M tonnes) constituted the country with the largest volume of banana production, accounting for 26% of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The third position in this ranking was occupied by Indonesia (7.3M tonnes), with a 6.2% share.

What are the leading suppliers of bananas to Japan?

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In value terms, the Philippines ($775M) constituted the largest supplier of banana to Japan, comprising 81% of total imports. The second position in the ranking was occupied by Ecuador ($99M), with a 10% share of total imports.

What are the leading importers of bananas from Japan?

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In value terms, the Philippines ($86K) emerged as the key foreign market for banana exports from Japan, comprising 76% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($25K), with a 22% share of total exports.

What is the average export price for bananas in Japan?

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In 2019, the average banana export price amounted to $759 per tonne, waning by -55.8% against the previous year.

What is the average import price for bananas in Japan?

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The average banana import price stood at $917 per tonne in 2019, therefore, remained relatively stable against the previous year.