World - Bananas - Market Analysis, Forecast, Size, Trends and Insights
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Abstract
Description
Table of Contents
Global Banana Market Overview 2019
Banana Market Size
The global banana market revenue amounted to $X in 2017, jumping by X% against the previous year. Overall, the total market indicated a prominent expansion from 2007 to 2017: its value 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 consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. Global banana consumption peaked in 2017, and is expected to retain its growth in the immediate term.
Banana Production
In 2017, approx. X tonnes of bananas were produced worldwide; rising by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% against the previous year. Global banana production peaked in 2017, and is expected to retain its growth in the immediate term. The general positive trend in terms of banana output was largely conditioned by a mild growth of the harvested area and a modest expansion in yield figures.
India (X tonnes) constituted the country with the largest volume of banana production, accounting for X% of total production. Moreover, banana production in India exceeded the figures recorded by the world's second largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.
In India, banana production increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (+X% per year) and Indonesia (+X% per year).
In 2017, the global average banana yield amounted to X tonne per ha, coming up by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2010, when yield increased by X% y-o-y. Over the period under review, the average banana yield reached its maximum level in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2017, the global banana harvested area amounted to X ha, approximately reflecting the previous year. Overall, banana harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to banana production attained its maximum in 2017, and is likely to continue its growth in the near future.
Banana Exports
Exports 2007-2017
In 2017, the global exports of bananas totaled X tonnes, picking up 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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, when exports increased by X% against the previous year. In that year, the global banana exports reached their peak volume, and are likely to continue its growth in the immediate term.
In value terms, banana exports stood at $X in 2017. In general, the total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana exports increased by +X% against 2014 indices. Over the period under review, the global banana exports attained its peak figure level in 2017, and are likely to see steady growth in the immediate term.
Exports by Country
Ecuador was the largest exporter of bananas in the world, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2017. The Philippines (X tonnes) ranks second in terms of the global exports with a X% share, followed by Guatemala (X%), Costa Rica (X%), Colombia (X%) and Belgium (X%). The following exporters - the U.S. (X tonnes), Honduras (X tonnes), the Netherlands (X tonnes) and Mexico (X tonnes) together made up X% of total exports.
Exports from Ecuador increased at an average annual rate of +X% from 2007 to 2017. At the same time, Mexico (+X%), the Netherlands (+X%), Guatemala (+X%), the U.S. (+X%), Colombia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Honduras, Costa Rica and the Philippines experienced a relatively flat trend pattern. The Netherlands (-X%), Mexico (-X%), Guatemala (-X%) and Ecuador (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Ecuador ($X) remains the largest banana supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.
In Ecuador, banana exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Belgium (-X% per year).
Export Prices by Country
The average banana export price stood at $X per tonne in 2017, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Global export price peaked of $X per tonne in 2014; however, from 2015 to 2017, it failed to regain its momentum.
There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the Netherlands ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Philippines (+X% per year), while the other global leaders experienced more modest paces of growth.
Banana Imports
Imports 2007-2017
Global imports amounted to X tonnes in 2017, going up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. In that year, the global banana imports attained their peak volume, and are likely to continue its growth in the immediate term.
In value terms, banana imports stood at $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global banana imports reached its maximum level in 2017, and are likely to see steady growth in the near future.
Imports by Country
The U.S. represented the main importing country with an import of around X tonnes, which amounted to X% of total imports. It was distantly followed by Russia (X tonnes), Belgium (X tonnes), Germany (X tonnes) and the UK (X tonnes), together constituting X% share of total imports. The following importers - China (X tonnes), Japan (X tonnes), Italy (X tonnes), the Netherlands (X tonnes), France (X tonnes), Canada (X tonnes) and Iran (X tonnes) together made up X% of total imports.
Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, the Netherlands (+X%), China (+X%), Russia (+X%), France (+X%), Canada (+X%), the UK (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. Japan and Germany experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Iran (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the Netherlands, Russia, China and the U.S. decreased by -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the U.S. ($X), Belgium ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of global imports. These countries were followed by Germany, Japan, the UK, the Netherlands, China, France, Iran, Italy and Canada, which together accounted for a further X%.
In terms of the main importing countries, China (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2017, the average banana import 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 most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Over the period under review, the average import prices for bananas attained its peak figure level of $X per tonne in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Belgium ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (+X% per year), while the other global leaders experienced more modest paces of growth.
Banana Market Size
The global banana market revenue amounted to $X in 2017, jumping by X% against the previous year. Overall, the total market indicated a prominent expansion from 2007 to 2017: its value 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 consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. Global banana consumption peaked in 2017, and is expected to retain its growth in the immediate term.
Banana Production
In 2017, approx. X tonnes of bananas were produced worldwide; rising by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% against the previous year. Global banana production peaked in 2017, and is expected to retain its growth in the immediate term. The general positive trend in terms of banana output was largely conditioned by a mild growth of the harvested area and a modest expansion in yield figures.
India (X tonnes) constituted the country with the largest volume of banana production, accounting for X% of total production. Moreover, banana production in India exceeded the figures recorded by the world's second largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.
In India, banana production increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: China (+X% per year) and Indonesia (+X% per year).
In 2017, the global average banana yield amounted to X tonne per ha, coming up by X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2010, when yield increased by X% y-o-y. Over the period under review, the average banana yield reached its maximum level in 2017, and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2017, the global banana harvested area amounted to X ha, approximately reflecting the previous year. Overall, banana harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to banana production attained its maximum in 2017, and is likely to continue its growth in the near future.
Banana Exports
Exports 2007-2017
In 2017, the global exports of bananas totaled X tonnes, picking up 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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017, when exports increased by X% against the previous year. In that year, the global banana exports reached their peak volume, and are likely to continue its growth in the immediate term.
In value terms, banana exports stood at $X in 2017. In general, the total exports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the banana exports increased by +X% against 2014 indices. Over the period under review, the global banana exports attained its peak figure level in 2017, and are likely to see steady growth in the immediate term.
Exports by Country
Ecuador was the largest exporter of bananas in the world, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2017. The Philippines (X tonnes) ranks second in terms of the global exports with a X% share, followed by Guatemala (X%), Costa Rica (X%), Colombia (X%) and Belgium (X%). The following exporters - the U.S. (X tonnes), Honduras (X tonnes), the Netherlands (X tonnes) and Mexico (X tonnes) together made up X% of total exports.
Exports from Ecuador increased at an average annual rate of +X% from 2007 to 2017. At the same time, Mexico (+X%), the Netherlands (+X%), Guatemala (+X%), the U.S. (+X%), Colombia (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Honduras, Costa Rica and the Philippines experienced a relatively flat trend pattern. The Netherlands (-X%), Mexico (-X%), Guatemala (-X%) and Ecuador (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Ecuador ($X) remains the largest banana supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by Belgium, with a X% share.
In Ecuador, banana exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Belgium (-X% per year).
Export Prices by Country
The average banana export price stood at $X per tonne in 2017, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Global export price peaked of $X per tonne in 2014; however, from 2015 to 2017, it failed to regain its momentum.
There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the Netherlands ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Philippines (+X% per year), while the other global leaders experienced more modest paces of growth.
Banana Imports
Imports 2007-2017
Global imports amounted to X tonnes in 2017, going up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. In that year, the global banana imports attained their peak volume, and are likely to continue its growth in the immediate term.
In value terms, banana imports stood at $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the global banana imports reached its maximum level in 2017, and are likely to see steady growth in the near future.
Imports by Country
The U.S. represented the main importing country with an import of around X tonnes, which amounted to X% of total imports. It was distantly followed by Russia (X tonnes), Belgium (X tonnes), Germany (X tonnes) and the UK (X tonnes), together constituting X% share of total imports. The following importers - China (X tonnes), Japan (X tonnes), Italy (X tonnes), the Netherlands (X tonnes), France (X tonnes), Canada (X tonnes) and Iran (X tonnes) together made up X% of total imports.
Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, the Netherlands (+X%), China (+X%), Russia (+X%), France (+X%), Canada (+X%), the UK (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. Japan and Germany experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Iran (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the Netherlands, Russia, China and the U.S. decreased by -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the U.S. ($X), Belgium ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of global imports. These countries were followed by Germany, Japan, the UK, the Netherlands, China, France, Iran, Italy and Canada, which together accounted for a further X%.
In terms of the main importing countries, China (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other global leaders experienced more modest paces of growth.
Import Prices by Country
In 2017, the average banana import 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 most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Over the period under review, the average import prices for bananas attained its peak figure level of $X per tonne in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.
There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Belgium ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.
From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (+X% per year), while the other global leaders experienced more modest paces of growth.
Product coverage:
FCL 486 - Bananas.
This report provides an in-depth analysis of the global banana market. 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: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.
Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• 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.
FCL 486 - Bananas.
This report provides an in-depth analysis of the global banana market. 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: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.
Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production, split by region and country;
• Trade (exports and imports);
• 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.
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- In addition to the Basic Edition, the report includes the chapters on actionable insights and data-driven decisions for growing your business, as well as countries’ and major producers’ profiles.
- You will receive one license for the report; the use of the report is limited to only one person.
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- In addition to the Basic Edition, the report includes the chapters on actionable insights and data-driven decisions for growing your business, as well as countries’ and major producers’ profiles.
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