Southern Asia: Banana And Plantain Market 2024

Banana And Plantain Market Size in Southern Asia

The South Asian banana and plantain market was estimated at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Banana And Plantain Production in Southern Asia

In value terms, banana and plantain production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

The country with the largest volume of banana and plantain production was India (X tons), comprising approx. X% of total volume. It was followed by Bangladesh (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

In 2022, the average yield of bananas and plantains in Southern Asia reached X tons per ha, almost unchanged from 2021. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the banana and plantain 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 2022, the harvested area of bananas and plantains in Southern Asia stood at X ha, approximately mirroring the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2021 to 2022, the growth of the banana and plantain harvested area failed to regain momentum.

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Banana And Plantain Exports

Exports in Southern Asia

Banana and plantain exports soared to X tons in 2022, jumping by X% on the previous year. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, banana and plantain exports rose sharply to $X in 2022. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

India represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Pakistan (X tons), generating a X% share of total exports. Sri Lanka (X tons) took a relatively small share of total exports.

India was also the fastest-growing in terms of the bananas and plantains exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest banana and plantain supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, banana and plantain exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the export price figures.

Banana And Plantain Imports

Imports in Southern Asia

In 2022, purchases abroad of bananas and plantains was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, banana and plantain imports declined significantly to $X in 2022. Over the period under review, imports showed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan was the largest importer of bananas and plantains in Southern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Nepal (X tons), achieving a X% share of total imports. Maldives (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X) constitutes the largest market for imported bananas and plantains in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Nepal ($X), with a X% share of total imports.

In Afghanistan, banana and plantain imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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