World - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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Banana market: find newly released facts and figures featured by an Ai-driven BI platform. Information include market size, companies, market prices, imports, production, trade, consumption, and exports. Here is a breakdown by country, including China, the U.K., Latin America, the Middle East, Russia, Africa, the U.S., and EU. Market dynamics and forecast to 2030 are also featured in the snapshots.
Banana - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | China |
| 3 | Indonesia |
| 4 | Tanzania |
| 5 | Philippines |
In value terms, the largest banana markets worldwide were India, China and Indonesia, together comprising 42% of the global market. Tanzania, the Philippines, Brazil, Kenya, Angola, the United States, Peru, Mexico, Guatemala and Vietnam lagged somewhat behind, together comprising a further 25%.
Among the main consuming countries, Kenya recorded the highest growth rate of market size, over the period under review, while banana market for the other global leaders experienced more modest paces of growth.
Banana Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Costa Rica | 414 | 419 | 412 | -0.2% |
| Colombia | 463 | 459 | 449 | -1.5% |
| Honduras | 520 | 511 | 507 | -1.3% |
| Guatemala | 551 | 556 | 545 | -0.5% |
| Mexico | 617 | 623 | 639 | 1.8% |
| Ecuador | 672 | 664 | 658 | -1.0% |
| United States | 732 | 727 | 722 | -0.7% |
| Philippines | 752 | 688 | 757 | 0.3% |
| Cote d'Ivoire | 778 | 765 | 781 | 0.2% |
| Belgium | 881 | 850 | 791 | -5.2% |
| Netherlands | 837 | 837 | 929 | 5.4% |
| Panama | 1028 | 971 | 950 | -3.9% |
| Average | 640 | 629 | 628 | -1.0% |
Prices varied noticeably by the country of origin; the country with the highest price was Panama ($950 per ton), while Costa Rica ($412 per ton) was amongst the lowest.
From 2018 to 2020, 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 | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Belgium | 492 | 490 | 960 | 39.7% |
| Japan | 909 | 917 | 924 | 0.8% |
| France | 784 | 799 | 841 | 3.6% |
| Netherlands | 563 | 534 | 807 | 19.7% |
| Germany | 748 | 747 | 769 | 1.4% |
| Russia | 742 | 740 | 737 | -0.3% |
| United Kingdom | 676 | 695 | 708 | 2.3% |
| Canada | 706 | 706 | 705 | -0.1% |
| Italy | 704 | 685 | 650 | -3.9% |
| Poland | 657 | 632 | 599 | -4.5% |
| China | 480 | 564 | 564 | 8.4% |
| United States | 542 | 541 | 474 | -6.5% |
| Argentina | 365 | 348 | 397 | 4.3% |
| Average | 620 | 627 | 650 | 2.3% |
Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($960 per ton), while Argentina ($397 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.
Banana - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 2.6 | 2.5 | 2.2 | -7.5% |
| Belgium | 0.6 | 0.5 | 1.1 | 41.3% |
| Russia | 1.2 | 1.1 | 1.1 | -1.7% |
| China | 0.9 | 1.1 | 1.1 | 11.6% |
| Germany | 0.9 | 1 | 1 | 5.0% |
In value terms, the United States ($2.2B), Belgium ($1.1B) and Russia ($1.1B) constituted the countries with the highest levels of imports in 2020, together comprising 30% of global imports. China, Germany, the Netherlands, Japan, the UK, France, Italy, Canada, Poland and Argentina lagged somewhat behind, together comprising a further 46%.
The Netherlands (+58.0% per year) saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Banana - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Ecuador | 3.8 | 4 | 4.1 | 3.0% |
| Philippines | 1.9 | 2 | 1.5 | -10.6% |
| Guatemala | 1.3 | 1.4 | 1.3 | -1.7% |
| Costa Rica | 1 | 1 | 1.1 | 2.5% |
| Colombia | 0.8 | 0.9 | 0.9 | 6.2% |
In value terms, Ecuador ($4.1B) remains the largest banana supplier worldwide, comprising 28% of global exports. The second position in the ranking was occupied by the Philippines ($1.5B), with a 10% share of global exports. It was followed by Guatemala, with a 9% share.
In Ecuador, banana exports increased at an average annual rate of +3.0% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the Philippines (-10.6% per year) and Guatemala (-1.7% per year).
Banana - Market Forecast
Driven by increasing demand for banana worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Banana - Product Coverage
- HS 080390 - Fruit, edible; bananas, other than plantains, fresh or dried
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:
- USA
- 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
+ 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- HARVESTED AREA AND YIELD BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
-
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
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption, by Country, 2022–2024
- Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Import Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Export Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Consumption, by Country, 2024
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area, by Country, 2024
- Harvested Area, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Import Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Export Prices, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
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The demand for bananas remained robust amidst the pandemic. Despite record exports from Ecuador, which remains the world's largest banana supplier, prices in the largest import markets are rising due to strong demand and local COVID-related imbalances in supply chains. Driven by growing population, the global banana market could reach 143M tons by 2030. The increasing epidemic of the TR4 fungus could reduce the growth potential of the global market and accelerate the rise in prices.
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The global banana market revenue amounted to $X in 2017, flattening at the previous year. Overall, the total market indi...
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The global banana consumption stood at $X in 2016, which was X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
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Global banana consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
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Global banana imports amounted to X thousand tons in 2015, approximately equating the previous year level.
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Global banana production amounted to X thousand tons in 2015, rising by +X% against the previous year level.
