Report Update: Nov 1, 2024

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

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Banana and plantain market

Banana and plantain market: get the most recent facts and figures empowered by an Ai-driven market intelligence tool. Facts and figures contain companies, market size, imports, market prices, exports, consumption, production, and trade. Here is a split by region, including the Middle East, the U.K., Africa, EU, Russia, China, Latin America, and the U.S. Market trends and outlook to 2030 are also provided in the dashboards.

Banana and Plantain - World's Largest Markets

Rating	Country
1	India
2	Uganda
3	China
4	Democratic Republic of the Congo
5	Philippines

In value terms, India, Uganda and China appeared to be the countries with the highest levels of market value in 2021, with a combined 33% share of the global market. These countries were followed by Democratic Republic of the Congo, the Philippines, Tanzania, Indonesia, Ghana, Cameroon, Nigeria, Angola, the United States and Brazil, which together accounted for a further 30%.

In terms of the main consuming countries, the Philippines saw the highest growth rate of market size, over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.

Banana and Plantain Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Guatemala	551	544	334	-22.1%
Colombia	465	455	464	-0.1%
Mexico	544	535	501	-4.0%
Honduras	511	508	510	-0.1%
Philippines	688	754	655	-2.4%
Ecuador	663	656	659	-0.3%
Costa Rica	674	680	677	0.2%
Cote d'Ivoire	739	742	740	0.1%
United States	730	726	770	2.7%
Belgium	850	792	852	0.1%
Dominican Republic	876	900	887	0.6%
Panama	969	948	958	-0.6%
Netherlands	842	931	964	7.0%
Average	656	657	629	-2.1%

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($964 per ton), while Guatemala ($334 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Belgium	997	958	906	-4.7%
France	803	841	893	5.5%
Japan	917	925	884	-1.8%
Germany	750	772	779	1.9%
Canada	709	707	749	2.8%
Netherlands	538	816	747	17.8%
Russia	740	737	739	-0.1%
United Kingdom	694	703	734	2.8%
Italy	687	654	661	-1.9%
Poland	637	600	651	1.1%
United States	545	551	557	1.1%
China	564	534	550	-1.2%
Argentina	349	398	375	3.7%
Average	649	658	667	1.4%

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($906 per ton), while Argentina ($375 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Banana and Plantain - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
United States	2.8	2.8	2.8	0.8%
Germany	1	1	1.1	4.7%
Netherlands	0.4	1.1	1.1	61.8%
Russia	1.1	1.1	1.1	-1.8%
Belgium	1.3	1.2	1	-9.2%

In value terms, the United States ($2.8B) constitutes the largest market for imported bananas and plantains worldwide, comprising 17% of global imports. The second position in the ranking was occupied by Germany ($1.1B), with a 6.8% share of global imports. It was followed by the Netherlands, with a 6.7% share.

From 2019 to 2021, 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: Germany (+4.7% per year) and the Netherlands (+61.8% per year).

Banana and Plantain - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Ecuador	4.2	4.3	4.2	0.4%
Costa Rica	1.7	1.8	1.8	1.6%
Philippines	2	1.6	1.1	-24.0%
Guatemala	1.5	1.4	0.9	-21.2%
Colombia	0.9	1	0.9	-1.4%

In value terms, Ecuador ($4.2B) remains the largest banana and plantain supplier worldwide, comprising 29% of global exports. The second position in the ranking was occupied by Costa Rica ($1.8B), with a 12% share of global exports. It was followed by the Philippines, with a 7.6% share.

In Ecuador, banana and plantain exports remained relatively stable over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Costa Rica (+1.6% per year) and the Philippines (-24.0% per year).

Banana and Plantain - Market Forecast

Driven by increasing demand for banana and plantain worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Banana and Plantain - Top Companies

Tianjin Huilian Food Co.,Ltd., Chiquita Brands International, Inc., RAUCH Fruchtsäfte GmbH & Co OG, Dole Food Company, Inc., Dole Food Company, Inc., ENZAFRUIT NEW ZEALAND INTERNATIONAL LIMITED, Xinyang Shihe District Shihegang Peach Farm Chinese Chestnut Specialty Cooperati ve, Dalian Faxing Food Co., Ltd., DOLE PHILIPPINES, INC., SUNBEAM FOODS PTY LTD, MILDURA FARMERS COMPANY PTY. LTD., ANGAS PARK FRUIT COMPANY PTY. LIMITED, SUNBEAM FOOD HOLDINGS PTY LTD, SUNBEAM FOODS GROUP LIMITED, Dhm Holding Company, Inc, Sanya Haitangwan Jinong Planting & Breeding Farmer Specialty Cooperative, Basic American, Inc., Basic American, Inc., Coffee Plantations Development Enterprise, Döhler Holland B.V.

Banana and Plantain - Product Coverage

HS 0803 - Bananas, including plantains; fresh or dried

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global banana and plantain 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
FCL 489 - Plantains

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

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. 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. 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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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