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World - Bananas - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

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Jan 23, 2024

The World's Best Import Markets for Bananas

The global banana industry is a thriving market, with several countries leading the world in terms of import value. The consumption of bananas is widespread and the demand continues to grow, making it a profitable venture for suppliers and importers. In this article, we will explore the top 10 countries with the highest import value of bananas, using data from IndexBox market intelligence platform.

1. United States

The United States is the largest importer of bananas in the world, with an import value of $2.3 billion in 2022. Bananas are a popular fruit among Americans, and the demand for this tropical delight remains high. The United States relies heavily on imports to meet its domestic demand as bananas are not grown on a large scale within the country.

2. China

China is the second-largest market for imported bananas, with an import value of $1.2 billion in 2022. The consumption of bananas has been on the rise in China due to changing dietary habits and increased awareness of the health benefits of this fruit. The country's growing middle class and urbanization have further contributed to the increase in banana imports.

3. Netherlands

The Netherlands is a major player in the global banana trade, with an import value of $1.1 billion in 2022. Located in Western Europe, the country serves as a strategic distribution hub for bananas, supplying to other European countries. The favorable climate and proximity to major seaports make the Netherlands an ideal location for banana importation and distribution.

4. Germany

Germany imports a significant amount of bananas, with an import value of $956.2 million in 2022. This European powerhouse has a high demand for bananas due to its large population and strong consumer purchasing power. The country's well-established infrastructure and efficient distribution networks make it an attractive market for banana suppliers.

5. Japan

Japan is a key market for banana imports, with an import value of $889.6 million in 2022. Despite being a country with limited land for agriculture, bananas are widely consumed in Japan. The demand for bananas is driven by a combination of factors such as taste preference, health benefits, and versatility in culinary applications.

6. Russia

Russia is a significant importer of bananas, with an import value of $798.0 million in 2022. Despite being a cold country, bananas are a staple fruit in Russia, and the demand remains strong throughout the year. The country relies heavily on imports to meet its domestic demand, as domestic banana production is limited.

7. France

France imports a substantial amount of bananas, with an import value of $705.3 million in 2022. Bananas are a popular fruit among the French population, and the demand continues to grow steadily. The country's efficient logistics and distribution networks ensure a steady supply of bananas to meet consumer demand across the country.

8. United Kingdom

The United Kingdom is a major importer of bananas, with an import value of $618.5 million in 2022. Bananas are the most consumed fruit in the UK and are a staple in many households. The country's strong preference for bananas and the absence of domestic production create a lucrative market for banana suppliers.

9. Belgium

Belgium imports a significant quantity of bananas, with an import value of $576.4 million in 2022. The country's geographical location makes it a favorable destination for banana imports, as it serves as a gateway to other European countries. Belgian consumers have a high demand for bananas, making it an attractive market for suppliers.

10. Italy

Italy imports a considerable amount of bananas, with an import value of $496.3 million in 2022. The Mediterranean climate in Italy supports the cultivation of bananas in certain regions, but the country still relies on imports to meet its domestic demand. Italian consumers have a strong preference for bananas and incorporate them into various traditional dishes and desserts.

In conclusion, these top 10 countries are the world's best import markets for bananas, with the United States leading the pack. The consumption of bananas continues to increase globally, making it a lucrative market for suppliers and importers. For comprehensive market intelligence and data on various industries, including the banana industry, platforms like IndexBox provide valuable insights to stakeholders in the global market.

Source: IndexBox Market Intelligence Platform

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 2030.

Product coverage:

  • FCL 486 - Bananas

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Dole Food Company, Chiquita Brands International, Fresh Del Monte Produce, Fyffes, Noboa, Fair Export India Pvt. Ltd, Ini Farms Private Ltd., Mayi Industries, Ambadi Food, White Globe, Ajit Desai, Grupo Acon, Alacam Agri, Minaturel Dried Fruits and Vegetables Manufacturing, MA Fruits Consultants, Goodlife Ecuador S.A., Globalalfa S.A., Vishal Impex, Guantes De Oro S.A., Hola Chica Ecuadorian Bananas, Vital Group S.A., Bananas Wob Ecuador

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. CONSUMPTION BY COUNTRY
    3. 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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