Apr 10, 2019

World - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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Global Banana Market Overview 2019

Banana Market Size

The global banana market revenue amounted to $X in 2017, remaining stable against the previous year. Overall, the total market indicated a prominent growth 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 being recorded throughout the analyzed period. Based on 2017 figures, the banana consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. Global banana consumption peaked in 2017, and is likely to continue its growth in the immediate term.

Banana Production

In value terms, banana production totaled $X in 2017 estimated in export prices. Overall, the total output indicated a strong 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 being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013, with an increase of X% against the previous year. Global banana production peaked in 2017, and is likely to continue its growth in the immediate term.

The country with the largest volume of banana production was India (X tonnes), 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.

From 2007 to 2017, the average annual rate of growth in terms of volume in India amounted to +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Indonesia (+X% per year).

Global average banana yield totaled X tonne per ha in 2017, surging by X% against the previous year. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. Global banana yield peaked 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.

Global banana harvested area stood at X ha in 2017, 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. Global banana harvested area peaked in 2017, and is likely to continue its growth in the near future.

Banana Exports

Exports 2007-2018

Global exports totaled X tonnes in 2017, growing by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017, when the exports increased by X% against the previous year. In that year, global banana exports attained their peak , and are likely to continue its growth in the immediate term.

In value terms, banana exports totaled $X in 2017. Over the period under review, the total exports indicated a strong growth 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 being recorded throughout the analyzed period. Based on 2017 figures, the banana exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017, with an increase of X% year-to-year. In that year, global banana exports attained their peak , and are likely to continue its growth in the immediate term.

Exports by Country

In 2017, Ecuador (X tonnes) represented the major exporter for bananas, mixing up X% of total exports. The Philippines (X tonnes) held the second position in the ranking, followed by Costa Rica (X tonnes), Guatemala (X tonnes), Colombia (X tonnes) and Belgium (X tonnes). All these countries together took near X% share of total exports. The following exporters - the U.S. (X tonnes), Honduras (X tonnes), the Netherlands (X tonnes), Mexico (X tonnes) and Cote d'Ivoire (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%), Cote d'Ivoire (+X%), the Philippines (+X%), the U.S. (+X%), Colombia (+X%), Belgium (+X%) and Costa Rica (+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 experienced a relatively flat trend pattern. The Netherlands (-X%), Mexico (-X%), Guatemala (-X%), the Philippines (-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 ($X), Costa Rica ($X) and Guatemala ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of global exports. The Philippines, Belgium, Colombia, the Netherlands, the U.S., Cote d'Ivoire, Honduras and Mexico lagged somewhat behind, together comprising a further X terms of the main exporting countries, Mexico experienced the highest rates of growth with regard to exports, over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average banana export price stood at $X per tonne in 2017, surging by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017, when the average export price increased by X% y-o-y. In that year, the average export prices for bananas reached their peak level, and is likely to continue its growth in the immediate term.

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 ($X per tonne), while the Philippines ($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 Costa Rica, while the other global leaders experienced more modest paces of growth.

Banana Imports

Imports 2007-2018

In 2017, approx. X tonnes of bananas were imported worldwide; remaining relatively unchanged against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2010, when the imports increased by X% y-o-y. Over the period under review, global banana imports reached their peak figure in 2017, and are likely to continue its growth in the immediate term.

In value terms, banana imports totaled $X in 2017. The total import value increased at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Global imports peaked in 2017, and are expected to retain its growth in the immediate term.

Imports by Country

In 2017, the U.S. (X tonnes), distantly followed by Russia (X tonnes), Belgium (X tonnes), Germany (X tonnes), the UK (X tonnes), China (X tonnes) and Japan (X tonnes) were the major importers of bananas, together creating X% of total imports. The following importers - Italy (X tonnes), the Netherlands (X tonnes), France (X tonnes), Canada (X tonnes) and Argentina (X tonnes) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to banana imports into the U.S. stood at -X%. At the same time, the Netherlands (+X%), China (+X%), Russia (+X%), Argentina (+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, Germany and Belgium experienced a relatively flat trend pattern. While the share of the U.S. (X%) increased significantly in terms of the global imports from 2007-2017, the share of the Netherlands (-X%), Russia (-X%) and China (-X%) displayed negative dynamics. 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) constituted the countries with the highest levels of imports in 2017, with a combined X% share of global imports. These countries were followed by Germany, Japan, the UK, the Netherlands, China, France, Italy, Canada and Argentina, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries 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, increasing by X% against 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 the average import price increased by X% y-o-y. In that year, the average import prices for bananas reached their peak level of $X per tonne. From 2009 to 2017, the growth in terms of the average import prices for bananas remained at a somewhat lower figure.

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 ($X per tonne), while Argentina ($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 Argentina, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

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.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL 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. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
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, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007–2018
Table 7:
Yield, By Country, 2007–2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
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, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007–2018
Figure 25:
Yield, By Country, 2007–2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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