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

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Banana And Plantain Market Size in Thailand

The Thai banana and plantain market amounted to $X in 2020, stabilizing at the previous year. Overall, the total consumption indicated pronounced growth from 2007 to 2020: its value decreased 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 increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level in 2020 and is expected to retain growth in years to come.

Banana And Plantain Production in Thailand

In value terms, banana and plantain production dropped modestly to $X in 2020 estimated in export prices. Overall, production saw a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

In 2020, the average banana and plantain yield in Thailand was estimated at X tonnes per ha, surging by X% on 2019 figures. Overall, the yield continues to indicate measured growth. The pace of growth appeared the most rapid in 2013 when the yield increased by X% y-o-y. Over the period under review, the average banana and plantain yield reached the maximum level at X tonnes per ha in 2014; however, from 2015 to 2020, 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.

The banana and plantain harvested area in Thailand dropped to X ha in 2020, reducing by -X% compared with the previous year. In general, the harvested area recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. The banana and plantain harvested area peaked at X ha in 2010; however, from 2011 to 2020, the harvested area stood at a somewhat lower figure.

Banana And Plantain Exports

Exports from Thailand

In 2020, shipments abroad of bananas and plantains decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, banana and plantain exports reduced remarkably to $X in 2020. Over the period under review, exports saw mild growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tonnes) was the main destination for banana and plantain exports from Thailand, with a X% share of total exports. Moreover, banana and plantain exports to China exceeded the volume sent to the second major destination, Japan (X tonnes), sixfold.

From 2007 to 2020, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Malaysia (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The average banana and plantain export price stood at $X per tonne in 2020, dropping by -X% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2012 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Japan ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Thailand

In 2020, overseas purchases of bananas and plantains increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are likely to see gradual growth in the immediate term.

In value terms, banana and plantain imports surged to $X in 2020. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, Lao People's Democratic Republic (X tonnes) was the main supplier of banana and plantain to Thailand, accounting for a X% share of total imports. It was followed by Myanmar (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Lao People's Democratic Republic totaled +X%.

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of banana and plantain to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Lao People's Democratic Republic amounted to +X%.

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced contraction. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Lao People's Democratic Republic ($X per tonne), while the price for Myanmar stood at $X per tonne.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?
+
India (31M tonnes) constituted the country with the largest volume of banana and plantain consumption, accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (14M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.4M tonnes), with a 4.5% share.
What are the largest producers of bananas and plantains in the world?
+
The country with the largest volume of banana and plantain production was India (31M tonnes), accounting for 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The Philippines (9M tonnes) ranked third in terms of total production with a 5.5% share.
What are the leading suppliers of bananas and plantains to Thailand?
+
In value terms, Lao People's Democratic Republic ($12M) constituted the largest supplier of banana and plantain to Thailand, comprising 98% of total imports. The second position in the ranking was occupied by Myanmar ($156K), with a 1.2% share of total imports.
What are the leading importers of bananas and plantains from Thailand?
+
In value terms, China ($10M) remains the key foreign market for banana and plantain exports from Thailand, comprising 62% of total exports. The second position in the ranking was occupied by Japan ($2.4M), with a 15% share of total exports.
What is the average export price for bananas and plantains in Thailand?
+
The average banana and plantain export price stood at $1,019 per tonne in 2020, which is down by -14.3% against the previous year.
What is the average import price for bananas and plantains in Thailand?
+
The average banana and plantain import price stood at $229 per tonne in 2020, picking up by 3.2% 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 Thailand. 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:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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