Australia: Banana Market 2025

Banana Market Size in Australia

In 2022, the Australian banana market decreased by -65.6% to $X, falling for the seventh consecutive year after two years of growth. Overall, consumption continues to indicate a significant curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Banana Exports

Exports from Australia

In 2022, shipments abroad of bananas increased by 37% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 2,747% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, banana exports contracted rapidly to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,066% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for banana exports from Australia, accounting for a 97% share of total exports. It was followed by Japan (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-21.3% per year) and New Zealand (-4.4% per year).

In value terms, Germany ($X) remains the key foreign market for bananas exports from Australia, comprising 87% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-3.1% per year) and Japan (-13.1% per year).

Export Prices by Country

The average banana export price stood at $X per ton in 2022, declining by -49.7% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Germany ($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 (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Banana Imports

Imports into Australia

In 2022, approx. X tons of bananas were imported into Australia; increasing by 140% on 2021 figures. Over the period under review, imports, however, saw a abrupt shrinkage. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, banana imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) was the main banana supplier to Australia, with a 93% share of total imports. It was followed by Sri Lanka (X tons), with a 2.6% share of total imports. Thailand (X tons) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+31.5% per year) and Thailand (-8.7% per year).

In value terms, Vietnam ($X) constituted the largest supplier of bananas to Australia, comprising 66% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by Sri Lanka, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-9.2% per year) and Sri Lanka (+37.7% per year).

Import Prices by Country

The average banana import price stood at $X per ton in 2022, picking up by 6.7% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth was the most pronounced in 2018 an increase of 79%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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