Global Banana And Plantain Market Overview 2021

Banana And Plantain Market Size

For the fourth year in a row, the global banana and plantain market recorded growth in sales value, which increased by X% to $X in 2019. In general, the total consumption indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Global consumption peaked in 2019 and is likely to see gradual growth in years to come.

Banana And Plantain Production

In value terms, banana and plantain production expanded slightly to $X in 2019 estimated in export prices. Overall, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Global production peaked in 2019 and is likely to see steady growth in the immediate term.

The country with the largest volume of banana and plantain production was India (X tonnes), accounting for X% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. The third position in this ranking was occupied by the Philippines (X tonnes), with a X% share.

In India, banana and plantain production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: China (+X% per year) and the Philippines (+X% per year).

In 2019, the global average banana and plantain yield shrank to X tonnes per ha, approximately mirroring 2018 figures. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 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 tonnes per ha in 2018, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of bananas and plantains production worldwide stood at X ha, remaining constant against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at X ha in 2015; however, from 2016 to 2019, the harvested area failed to regain the momentum.

Production By Country

The country with the largest volume of banana and plantain production was India (X tonnes), comprising approx. X% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (X tonnes), threefold. The Philippines (X tonnes) ranked third in terms of total production with a X% share.

In India, banana and plantain production expanded at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and the Philippines (+X% per year).

Banana And Plantain Exports

Exports

In 2019, approx. X tonnes of bananas and plantains were exported worldwide; surging by X% on 2018. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Global exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, banana and plantain exports totaled $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2007 to 2019; however, 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 exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

In 2019, Ecuador (X tonnes), distantly followed by the Philippines (X tonnes), Guatemala (X tonnes), Costa Rica (X tonnes) and Colombia (X tonnes) were the key exporters of bananas and plantains, together achieving X% of total exports. Belgium (X tonnes), the Netherlands (X tonnes), Lao People's Democratic Republic (X tonnes), the U.S. (X tonnes), Honduras (X tonnes), Cote d'Ivoire (X tonnes), Mexico (X tonnes) and the Dominican Republic (X tonnes) followed a long way behind the leaders.

Exports from Ecuador increased at an average annual rate of +X% from 2007 to 2019. At the same time, Lao People's Democratic Republic (+X%), Mexico (+X%), the Netherlands (+X%), the Dominican Republic (+X%), Guatemala (+X%), Cote d'Ivoire (+X%), the Philippines (+X%), the U.S. (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Honduras and Costa Rica experienced a relatively flat trend pattern. By contrast, Belgium (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of Guatemala, the Netherlands, Lao People's Democratic Republic and Mexico increased by +X%, +X%, +X% and +X% percentage points, while Colombia (-X p.p.), Belgium (-X p.p.), Costa Rica (-X p.p.) and Ecuador (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest banana and plantain supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by Costa Rica, with a X% share.

In Ecuador, banana and plantain exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Costa Rica (+X% per year).

Export Prices by Country

In 2019, the average banana and plantain export price amounted to $X per tonne, waning by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was the Dominican Republic ($X per tonne), while Lao People's Democratic Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the other global leaders experienced more modest paces of growth.

Banana And Plantain Imports

Imports

Global banana and plantain imports rose slightly to X tonnes in 2019, growing by X% on 2018. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Global imports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, banana and plantain imports reduced slightly to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Global imports peaked at $X in 2018, and then reduced modestly in the following year.

Imports by Country

In 2019, the U.S. (X tonnes) represented the major importer of bananas and plantains, achieving X% of total imports. China (X tonnes) ranks second in terms of the total imports with a X% share, followed by Russia (X%), Germany (X%), Belgium (X%), the UK (X%) and Japan (X%). The Netherlands (X tonnes), Italy (X tonnes), France (X tonnes), Canada (X tonnes), Poland (X tonnes) and Spain (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to banana and plantain imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), Poland (+X%), Spain (+X%), Russia (+X%), France (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. Italy, Japan, the UK, Belgium and Germany experienced a relatively flat trend pattern. From 2007 to 2019, the share of China and the Netherlands increased by +X% and +X% percentage points, while Belgium (-X p.p.), Germany (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported bananas and plantains worldwide, comprising X% of global imports. The second position in the ranking was occupied by Russia ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Belgium (-X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bananas and plantains in the world?

+

India (30M tonnes) constituted the country with the largest volume of banana and plantain consumption, accounting for 19% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China (13M tonnes), twofold. The third position in this ranking was occupied by Indonesia (7.3M tonnes), with a 4.7% share.

What are the largest producers of bananas and plantains in the world?

+

India (30M tonnes) remains the largest banana and plantain producing country worldwide, comprising approx. 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China (12M tonnes), threefold. The Philippines (9.2M tonnes) ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of bananas and plantains in the world?

+

In value terms, Ecuador ($4.3B) remains the largest banana and plantain supplier worldwide, comprising 26% of global exports. The second position in the ranking was occupied by the Philippines ($2B), with a 12% share of global exports. It was followed by Costa Rica, with a 11% share.

What are the leading importers of bananas and plantains in the world?

+

In value terms, the U.S. ($2.8B) constitutes the largest market for imported bananas and plantains worldwide, comprising 18% of global imports. The second position in the ranking was occupied by Russia ($1.1B), with a 7.5% share of global imports. It was followed by Belgium, with a 7.2% share.

What is the average export price for bananas and plantains in the world?

+

The average banana and plantain export price stood at $646 per tonne in 2019, which is down by -4.4% against the previous year.

What is the average import price for bananas and plantains in the world?

+

The average banana and plantain import price stood at $647 per tonne in 2019, dropping by -2.1% against the previous year.