Latest Report Update: Apr 11, 2019

U.S. - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Banana Market Overview 2019

Banana Market Size in the USA

The revenue of the banana market in the U.S. amounted to $X in 2017, flattening at the previous year. In general, the total market indicated a strong expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana consumption increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2009, with an increase of X% against the previous year. The banana consumption peaked of $X in 2016, leveling off in the following year.

Banana Production in the USA

Banana production in the U.S. stood at X tonnes in 2017, rising by X% against the previous year. Overall, banana production continues to indicate a drastic downturn. The growth pace was the most rapid in 2017, when the output figure increased by X% y-o-y. The banana production peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Banana output in the U.S. indicated a drastic decline, which was largely conditioned by a deep shrinkage of the harvested area and a significant reduction in yield figures.

Average yield of bananas in the U.S. amounted to X tonne per ha in 2017, going up by X% against the previous year. Overall, banana yield continues to indicate a significant drop. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. Over the period under review, the average banana yield attained its maximum level of X tonne per ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, harvested area of bananas in the U.S. stood at X ha, shrinking by -X% against the previous year. In general, banana harvested area continues to indicate a deep reduction. The banana harvested area peaked of X ha in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Banana Exports

Exports from the USA

In 2017, banana exports from the U.S. totaled X tonnes, jumping by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2008, when exports increased by X% y-o-y. The exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, banana exports stood at $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations over the period under review. The exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Exports by Country

Canada (X tonnes) was the main destination of banana exports from the U.S., with a approx. X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of volume to Canada amounted to +X%.

In value terms, Canada ($X) also remains the key foreign market for banana exports from the U.S..

From 2007 to 2017, the average annual growth rate of value to Canada amounted to +X%.

Export Prices by Country

In 2017, the average banana export price amounted to $X per tonne, approximately equating the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. The export price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Canada (+X% per year).

Banana Imports

Imports into the USA

In 2017, the amount of bananas imported into the U.S. totaled X tonnes, falling by -X% against the previous year. In general, banana imports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2009, when imports increased by X% against the previous year. The imports peaked of X tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, banana imports totaled $X in 2017. Overall, the total imports indicated a remarkable expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana imports increased by +X% against 2007 indices. The imports peaked in 2017, and are expected to retain its growth in the near future.

Imports by Country

In 2017, Guatemala (X tonnes) constituted the largest supplier of banana to the U.S., with a X% share of total imports. Moreover, banana imports from Guatemala exceeded the figures recorded by the second largest supplier, Costa Rica (X tonnes), twofold. The third position in this ranking was occupied by Ecuador (X tonnes), with a X% share.

From 2007 to 2017, 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: Costa Rica (-X% per year) and Ecuador (-X% per year).

In value terms, Guatemala ($X) constituted the largest supplier of banana to the U.S., making up X% of total banana imports. The second position in the ranking was occupied by Costa Rica ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2007 to 2017, the average annual growth rate of value from Guatemala totaled +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

In 2017, the average banana import price amounted to $X per tonne, coming up by X% against the previous year. Overall, the import price indicated a strong increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana import price increased by +X% against 2013 indices. The growth pace was the most rapid in 2008, an increase of X% against the previous year. The import price peaked in 2017, and is expected to retain its growth in the near future.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the countries with the highest import prices were Colombia ($X per tonne) and Ecuador ($X per tonne), while price for Costa Rica ($X per tonne) and Honduras ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Ecuador (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 486 - Bananas

This report provides an in-depth analysis of the banana market in the USA. 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:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the USA
• 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
Figure 8:
Market Forecast To 2025
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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