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

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