Global Banana And Plantain Market 2024

Banana And Plantain Market Size

After five years of growth, the global banana and plantain market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2021, and then dropped modestly in the following year.

Banana And Plantain Production

In value terms, banana and plantain production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

In India, banana and plantain production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and Uganda (X% per year).

The global average banana and plantain yield amounted to X tons per ha in 2022, stabilizing at 2021. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average banana and plantain yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas and plantains production worldwide totaled X ha, approximately reflecting 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The global harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Banana And Plantain Exports

Exports

In 2022, shipments abroad of bananas and plantains decreased by X% to X tons, falling for the second year in a row after five years of growth. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor 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. The global exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports dropped to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The global exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador was the key exporting country with an export of around X tons, which resulted at X% of total exports. Guatemala (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%), Costa Rica (X%) and the Philippines (X%). The following exporters - the Netherlands (X tons), Belgium (X tons), the United States (X tons), Honduras (X tons), Mexico (X tons), Vietnam (X tons) and India (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to banana and plantain exports from Ecuador stood at X%. At the same time, Vietnam (X%), the Netherlands (X%), India (X%), Mexico (X%), Guatemala (X%), Colombia (X%) and the United States (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Honduras and Costa Rica experienced a relatively flat trend pattern. By contrast, Belgium (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Ecuador (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Costa Rica (X p.p.), Belgium (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other global leaders experienced more modest paces of growth.

Banana And Plantain Imports

Imports

In 2022, after six years of growth, there was significant decline in supplies from abroad of bananas and plantains, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, global imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, banana and plantain imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, the United States (X tons), distantly followed by China (X tons), Russia (X tons), the Netherlands (X tons) and Germany (X tons) were the main importers of bananas and plantains, together generating X% of total imports. The following importers - Japan (X tons), Belgium (X tons), the UK (X tons), France (X tons), Italy (X tons), Canada (X tons), Argentina (X tons) and Poland (X tons) - together made up X% of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of bananas and plantains. At the same time, the Netherlands (X%), China (X%), Poland (X%), France (X%), Russia (X%), Argentina (X%), Italy (X%) and Canada (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany and Japan experienced a relatively flat trend pattern. By contrast, the UK (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported bananas and plantains worldwide, comprising X% of global imports. The second position in the ranking was taken by China ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :