Australia and Oceania: Banana And Plantain Market 2025

Banana And Plantain Market Size in Australia and Oceania

The banana and plantain market in Australia and Oceania amounted to $X in 2022, growing by 2.2% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Banana And Plantain Production in Australia and Oceania

In value terms, banana and plantain production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

The country with the largest volume of banana and plantain production was Papua New Guinea (X tons), comprising approx. 75% of total volume. Moreover, banana and plantain production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Australia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Papua New Guinea was relatively modest.

The average banana and plantain yield totaled X tons per ha in 2022, standing approx. at the previous year's figure. The yield figure increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by 5.6% against the previous year. Over the period under review, the banana and plantain yield reached the maximum level at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of bananas and plantains were harvested in Australia and Oceania; remaining stable against 2021 figures. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 2.4%. The level of harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports in Australia and Oceania

In 2022, approx. X tons of bananas and plantains were exported in Australia and Oceania; shrinking by -48.7% on the year before. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 392% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, banana and plantain exports reduced markedly to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 305% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell sharply in the following year.

Exports by Country

The shipments of the three major exporters of bananas and plantains, namely Tonga, Guam and Australia, represented more than two-thirds of total export. It was distantly followed by New Zealand (X tons), committing a 10% share of total exports. The following exporters - Fiji (X tons) and Samoa (X tons) - together made up 7.2% of total exports.

From 2012 to 2022, the biggest increases were recorded for Tonga (with a CAGR of +50.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest banana and plantain supplier in Australia and Oceania, comprising 51% of total exports. The second position in the ranking was held by New Zealand ($X), with an 18% share of total exports. It was followed by Guam, with a 16% share.

In Australia, banana and plantain exports expanded at an average annual rate of +20.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+5.1% per year) and Guam (+6.7% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, growing by 6.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+5.1%), while the other leaders experienced more modest paces of growth.

Banana And Plantain Imports

Imports in Australia and Oceania

In 2022, the amount of bananas and plantains imported in Australia and Oceania reduced modestly to X tons, falling by -4.7% on 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 4.9% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, banana and plantain imports stood at $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 5.6%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of banana and plantain imports in 2022 were New Zealand (X tons), together reaching 98% of total import.

New Zealand experienced a relatively flat trend pattern with regard to volume of imports of bananas and plantains. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported bananas and plantains in Australia and Oceania.

In New Zealand, banana and plantain imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, increasing by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2015 an increase of 6.1% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +1.6% per year.

Source: IndexBox Platform

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