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

Banana And Plantain Market Size in Southern Asia

In 2020, the South Asian banana and plantain market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. The market 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 pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2015 to 2020, the growth of the market remained at a lower figure.

Banana And Plantain Production in Southern Asia

In value terms, banana and plantain production rose notably to $X in 2020 estimated in export prices. The total production indicated a perceptible increase 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, production decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2020, production remained at a lower figure.

India (X tonnes) constituted the country with the largest volume of banana and plantain production, accounting for X% of total volume. It was followed by Bangladesh (X tonnes), with a X% share of total production.

From 2007 to 2020, the average annual growth rate of volume in India amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (-X% per year) and Sri Lanka (+X% per year).

The average banana and plantain yield amounted to X tonnes per ha in 2020, approximately mirroring 2019 figures. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha. from 2015 to 2020, 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.

The banana and plantain harvested area expanded to X ha in 2020, surging by X% compared with the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2009 when the harvested area increased by X% year-to-year. The level of harvested area peaked in 2020 and is expected to retain growth in the immediate term.

Production By Country in Southern Asia

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

In India, banana and plantain production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (-X% per year) and Sri Lanka (+X% per year).

Banana And Plantain Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of bananas and plantains, which increased by X% to X tonnes in 2020. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure in 2020 and are likely to see gradual growth in years to come.

In value terms, banana and plantain exports rose remarkably to $X in 2020. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. The level of export peaked in 2020 and is likely to see gradual growth in the immediate term.

Exports by Country

India represented the major exporting country with an export of about X tonnes, which amounted to X% of total exports. Pakistan (X tonnes) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%).

From 2007 to 2020, average annual rates of growth with regard to banana and plantain exports from India stood at +X%. At the same time, Sri Lanka (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +X% from 2007-2020. While the share of India (+X p.p.) and Sri Lanka (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Pakistan (-X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest banana and plantain supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was occupied by Pakistan ($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 2007-2020. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and Sri Lanka (+X% per year).

Export Prices by Country

The banana and plantain export price in Southern Asia stood at $X per tonne in 2020, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2015 to 2020, the growth in terms of the export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other leaders experienced mixed trends in the export price figures.

Banana And Plantain Imports

Imports in Southern Asia

In 2020, supplies from abroad of bananas and plantains decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. In general, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2019, and then contracted notably in the following year.

In value terms, banana and plantain imports declined notably to $X in 2020. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2019, and then declined dramatically in the following year.

Imports by Country

Afghanistan dominates banana and plantain imports structure, reaching X tonnes, which was near X% of total imports in 2020. It was distantly followed by Nepal (X tonnes), comprising a X% share of total imports. Maldives (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to banana and plantain imports into Afghanistan stood at +X%. At the same time, Nepal (+X%) and Maldives (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. While the share of Afghanistan (+X p.p.) and Nepal (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

The banana and plantain import price in Southern Asia stood at $X per tonne in 2020, falling by -X% against the previous year. Import price indicated a moderate increase 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 decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in Southern Asia?
+
India (31M tonnes) remains the largest banana and plantain consuming country in Southern Asia, comprising approx. 94% of total volume. It was followed by Bangladesh (994K tonnes), with a 3% share of total consumption.
What are the largest producers of bananas and plantains in Southern Asia?
+
The country with the largest volume of banana and plantain production was India (31M tonnes), accounting for 94% of total volume. It was followed by Bangladesh (994K tonnes), with a 3% share of total production.
What are the leading exporters of bananas and plantains in Southern Asia?
+
In value terms, India ($101M) remains the largest banana and plantain supplier in Southern Asia, comprising 72% of total exports. The second position in the ranking was occupied by Pakistan ($24M), with a 17% share of total exports.
What are the leading importers of bananas and plantains in Southern Asia?
+
In value terms, Afghanistan ($24M) constitutes the largest market for imported bananas and plantains in Southern Asia, comprising 83% of total imports. The second position in the ranking was occupied by Nepal ($4.1M), with a 14% share of total imports.
What is the average export price for bananas and plantains in Southern Asia?
+
The banana and plantain export price in Southern Asia stood at $421 per tonne in 2020, increasing by 2.1% against the previous year.
What is the average import price for bananas and plantains in Southern Asia?
+
In 2020, the banana and plantain import price in Southern Asia amounted to $272 per tonne, shrinking by -12.3% 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 Southern 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.



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

• Afghanistan
• Bangladesh
• Bhutan
• India
• Maldives
• Nepal
• Pakistan
• Sri Lanka
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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