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U.S. - Bananas - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jan 1, 2025

U.S. - Bananas - Market Analysis, Forecast, Size, Trends And Insights

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Jun 16, 2022

Banana Prices Surged to A Record High in April

IndexBox has just published a new report: 'U.S. - Bananas - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

U.S. Banana Import Prices by Country

U.S. banana import price peaked at $494 in Apr 2022 and is expected to retain growth in the near future. Over the period from Jan 2021 to Apr 2022, it increased at an average monthly rate of +4.2%. The pace of growth appeared the most rapid in Feb 2022 when the average import price increased by 1.6% m-o-m. 

Average prices varied somewhat amongst the major supplying countries. In Apr 2022, the countries with the highest prices were Colombia ($570 per ton) and Costa Rica ($517 per ton), while the price for Ecuador ($449 per ton) and Guatemala ($472 per ton) were amongst the lowest.

From Jan 2021 to Apr 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports into the U.S.

After three months of growth, purchases abroad of bananas decreased by -12.3% to 375K tons in Apr 2022. The total import volume increased at an average monthly rate of +1.2% over the period from Jan 2021 to Apr 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain months. The pace of growth appeared the most rapid in Mar 2022 with an increase of 14% month-to-month. As a result, imports reached the peak of 428K tons. From Apr 2022 to Apr 2022, the growth imports remained at a lower figure.

In value terms, banana imports dropped to $186M (IndexBox estimates) in Apr 2022. The total import value increased at an average monthly rate of +5.5% from Jan 2021 to Apr 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in Mar 2022 when imports increased by 16% against the previous month. As a result, imports attained the peak of $209M. From Apr 2022 to Apr 2022, the growth imports remained at a somewhat lower figure.

Imports by Country

In Apr 2022, Guatemala (162K tons) constituted the largest supplier of banana to the United States, accounting for a 43% share of total imports. Moreover, banana imports from Guatemala exceeded the figures recorded by the second-largest supplier, Costa Rica (50K tons), threefold. The third position in this ranking was occupied by Honduras (48K tons), with a 13% share.

From Jan 2021 to Apr 2022, the average monthly growth rate of volume from Guatemala amounted to +35.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (-37.4% per month) and Honduras (+156.7% per month).

In value terms, Guatemala ($76M) constituted the largest supplier of banana to the United States, comprising 41% of total imports. The second position in the ranking was occupied by Costa Rica ($26M), with a 14% share of total imports. It was followed by Honduras, with a 13% share.

From Jan 2021 to Apr 2022, the average monthly rate of growth in terms of value from Guatemala amounted to +39.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Costa Rica (-32.3% per month) and Honduras (+176.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the banana market in the U.S.. 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 2030.

Product coverage:

  • FCL 486 - Bananas

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2024
    23. Production, In Value Terms, 2012–2024
    24. Area Harvested, 2012–2024
    25. Yield, 2012–2024
    26. Imports, In Physical Terms, 2012–2024
    27. Imports, In Value Terms, 2012–2024
    28. Imports, In Physical Terms, By Country, 2024
    29. Imports, In Physical Terms, By Country, 2012–2024
    30. Imports, In Value Terms, By Country, 2012–2024
    31. Import Prices, By Country Of Origin, 2012–2024
    32. Exports, In Physical Terms, 2012–2024
    33. Exports, In Value Terms, 2012–2024
    34. Exports, In Physical Terms, By Country, 2024
    35. Exports, In Physical Terms, By Country, 2012–2024
    36. Exports, In Value Terms, By Country, 2012–2024
    37. Export Prices, By Country Of Destination, 2012–2024

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