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Northern America - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Northern America: Banana And Plantain Market Overview 2021

Banana And Plantain Market Size in Northern America

The North American banana and plantain market expanded modestly to $X in 2020, picking up by X% against the previous year. The total consumption indicated temperate growth from 2007 to 2020: its value 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, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2020.

Banana And Plantain Production in Northern America

In value terms, banana and plantain production shrank to $X in 2020 estimated in export prices. In general, production recorded a abrupt decline. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

The country with the largest volume of banana and plantain production was the U.S. (X tonnes), comprising approx. X% of total volume.

In the U.S., banana and plantain production plunged by an average annual rate of -X% over the period from 2007-2020.

The average banana and plantain yield fell to X tonnes per ha in 2020, with a decrease of -X% against 2019 figures. Over the period under review, the yield continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when the yield increased by X% y-o-y. The level of yield peaked at X tonnes per ha in 2007; however, from 2008 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of bananas and plantains in Northern America fell slightly to X ha, with a decrease of -X% on the previous year. Over the period under review, the harvested area saw a perceptible setback. The pace of growth appeared the most rapid in 2017 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 maximum at X ha in 2007; however, from 2008 to 2020, the harvested area failed to regain the momentum.

Production By Country in Northern America

The country with the largest volume of banana and plantain production was the U.S. (X tonnes), accounting for X% of total volume.

In the U.S., banana and plantain production plunged by an average annual rate of -X% over the period from 2007-2020.

Banana And Plantain Exports

Exports in Northern America

Banana and plantain exports reached X tonnes in 2020, stabilizing at the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. The volume of export peaked in 2020 and is likely to see steady growth in years to come.

In value terms, banana and plantain exports shrank slightly to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2020, exports remained at a lower figure.

Exports by Country

The biggest shipments were from the U.S. (X tonnes), together amounting to X% of total export.

The U.S. was also the fastest-growing in terms of the bananas and plantains exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest banana and plantain supplier in Northern America.

In the U.S., banana and plantain exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The banana and plantain export price in Northern America stood at $X per tonne in 2020, remaining stable against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The level of export peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Banana And Plantain Imports

Imports in Northern America

In 2020, after three years of decline, there was growth in overseas purchases of bananas and plantains, when their volume increased by X% to X tonnes. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, banana and plantain imports amounted to $X in 2020. Total imports indicated tangible growth from 2007 to 2020: its value 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 decreased by -X% against 2018 indices. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. The level of import peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

The U.S. was the key importing country with an import of around X tonnes, which resulted at X% of total imports. It was distantly followed by Canada (X tonnes), making up an X% share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2020. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2020. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported bananas and plantains in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

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

Import Prices by Country

In 2020, the banana and plantain import price in Northern America amounted to $X per tonne, remaining relatively unchanged against the previous year. Import price indicated a measured expansion 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 increased by +X% against 2008 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked in 2020 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2020, the country with the highest price was Canada ($X per tonne), while the U.S. totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in Northern America?
+
The U.S. (4.5M 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 the U.S. exceeded the figures recorded by the second-largest consumer, Canada (617K tonnes), sevenfold.
What are the largest producers of bananas and plantains in Northern America?
+
The country with the largest volume of banana and plantain production was the U.S. (3.1K tonnes), accounting for 100% of total volume.
What are the leading suppliers of bananas and plantains in Northern America?
+
In value terms, the U.S. ($449M) remains the largest banana and plantain supplier in Northern America.
What are the leading importers of bananas and plantains in Northern America?
+
In value terms, the U.S. ($2.8B) constitutes the largest market for imported bananas and plantains in Northern America, comprising 86% of total imports. The second position in the ranking was occupied by Canada ($438M), with a 14% share of total imports.
What is the average export price for bananas and plantains in Northern America?
+
The banana and plantain export price in Northern America stood at $726 per tonne in 2020, approximately equating the previous year.
What is the average import price for bananas and plantains in Northern America?
+
The banana and plantain import price in Northern America stood at $568 per tonne in 2020, standing approx. at the previous year.

Product coverage:
• FCL 486 - Bananas
• FCL 489 -

This report provides an in-depth analysis of the banana and plantain market in Northern America. 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:
• Greenland
• Saint Pierre and Miquelon

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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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
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