Argentina: Banana Market 2025

Banana Market Size in Argentina

In 2022, the Argentinian banana market increased by 16% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +6.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Banana consumption peaked in 2022 and is expected to retain growth in the near future.

Banana Production in Argentina

In value terms, banana production rose remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 184% against the previous year. Banana production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of bananas in Argentina reduced to X tons per ha in 2022, remaining stable against 2021 figures. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 0.1%. Over the period under review, the average banana yield attained the peak level at X tons per ha in 2017; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the banana harvested area in Argentina declined slightly to X ha, stabilizing at 2021 figures. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the harvested area increased by 0.3%. The banana harvested area peaked at X ha in 2021, and then dropped in the following year.

Banana Exports

Exports from Argentina

In 2022, exports of bananas from Argentina dropped to X tons, waning by -7.5% on 2021 figures. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 969% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, banana exports stood at $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 330%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for banana exports from Argentina, accounting for a 84% share of total exports. Moreover, banana exports to Germany exceeded the volume sent to the second major destination, Paraguay (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +129.1%.

In value terms, Germany ($X) remains the key foreign market for bananas exports from Argentina, comprising 97% of total exports. The second position in the ranking was held by Paraguay ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +129.0%.

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 320%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Paraguay amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+9.4%), while the prices for the other major destinations experienced a decline.

Banana Imports

Imports into Argentina

In 2022, after two years of growth, there was decline in purchases abroad of bananas, when their volume decreased by -2.1% to X tons. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 13%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, banana imports surged to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest banana supplier to Argentina, with a 57% share of total imports. Moreover, banana imports from Ecuador exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), twofold. Brazil (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+3.2% per year) and Brazil (+9.1% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas to Argentina, comprising 69% of total imports. The second position in the ranking was taken by Bolivia ($X), with an 18% share of total imports. It was followed by Brazil, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+8.5% per year) and Brazil (+16.8% per year).

Import Prices by Country

The average banana import price stood at $X per ton in 2022, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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