U.S.: Banana And Plantain Market 2024

Banana And Plantain Market Size in the U.S.

After three years of decline, the U.S. banana and plantain market increased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in the U.S.

In value terms, banana and plantain production shrank modestly to $X in 2022. Over the period under review, production showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Banana and plantain production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average banana and plantain yield in the United States declined modestly to X tons per ha, waning by X% on 2021 figures. In general, the yield showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the average banana and plantain yield hit record highs at X tons per ha in 2014; however, from 2015 to 2022, 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 2022, the total area harvested in terms of bananas and plantains production in the United States declined modestly to X ha, stabilizing at the previous year. In general, the harvested area continues to indicate a perceptible slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to banana and plantain production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from the U.S.

In 2022, overseas shipments of bananas and plantains decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, banana and plantain exports reached $X in 2022. The total export value 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for banana and plantain exports from the United States, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled X%.

In value terms, Canada ($X) also remains the key foreign market for bananas and plantains exports from the United States.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to X% per year.

Banana And Plantain Imports

Imports into the U.S.

In 2022, approx. X tons of bananas and plantains were imported into the United States; remaining stable against the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, banana and plantain imports amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Guatemala (X tons) constituted the largest banana and plantain supplier to the United States, with a X% share of total imports. Moreover, banana and plantain imports from Guatemala exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold. Costa Rica (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Guatemala stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Costa Rica (X% per year).

In value terms, Guatemala ($X) constituted the largest supplier of bananas and plantains to the United States, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Guatemala stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (X% per year) and Ecuador (X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Colombia ($X per ton) and Costa Rica ($X per ton), while the price for Ecuador ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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