Australia: Banana And Plantain Market 2025

Banana And Plantain Market Size in Australia

The Australian banana and plantain market expanded modestly to $X in 2022, surging by 4.6% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Banana and plantain consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Banana And Plantain Production in Australia

In value terms, banana and plantain production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

The average yield of bananas and plantains in Australia rose modestly to X tons per ha in 2022, picking up by 2.2% compared with 2021. The yield figure increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the yield increased by 28% against the previous year. The banana and plantain yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana and plantain harvested area in Australia rose to X ha in 2022, surging by 1.6% against the year before. Overall, the harvested area, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 12%. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Banana And Plantain Exports

Exports from Australia

In 2022, the amount of bananas and plantains exported from Australia contracted rapidly to X tons, waning by -72.8% against the year before. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 2,158%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports dropped rapidly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 888% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Nauru (X tons), Japan (X tons) and New Zealand (X tons) were the main destinations of banana and plantain exports from Australia, with a combined 75% share of total exports. Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +80.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for banana and plantain exported from Australia were Nauru ($X), New Zealand ($X) and Japan ($X), together comprising 70% of total exports. Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +83.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, jumping by 86% against the previous year. In general, the export price, however, recorded a noticeable shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Australia

In 2022, banana and plantain imports into Australia dropped slightly to X tons, therefore, remained relatively stable against the previous year's figure. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 82% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, banana and plantain imports reduced notably to $X in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 73%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Thailand (X tons) and Uganda (X tons) were the main suppliers of banana and plantain imports to Australia, together comprising 85% of total imports. Ecuador, the Philippines, Sri Lanka and Colombia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of -4.3%), while imports for the other leaders experienced a decline.

In value terms, Thailand ($X) constituted the largest supplier of bananas and plantains to Australia, comprising 65% of total imports. The second position in the ranking was held by Uganda ($X), with an 11% share of total imports. It was followed by Vietnam, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Uganda (-25.4% per year) and Vietnam (-12.7% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, reducing by -29.2% against the previous year. Over the period under review, the import price, however, saw a slight expansion. The pace of growth was the most pronounced in 2018 an increase of 110%. The import price peaked at $X per ton in 2021, and then declined significantly in the following year.

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 Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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