Brazil: Banana And Plantain Market 2025

Banana And Plantain Market Size in Brazil

The Brazilian banana and plantain market reduced to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a slight slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Banana And Plantain Production in Brazil

In value terms, banana and plantain production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible contraction. The growth pace was the most rapid in 2019 when the production volume increased by 13% against the previous year. Banana and plantain production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average banana and plantain yield in Brazil contracted to X tons per ha, almost unchanged from 2021. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the yield increased by 3% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then fell modestly in the following year. 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 and plantain harvested area in Brazil was estimated at X ha, approximately equating the previous year. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by 0.9%. Over the period under review, the harvested area dedicated to banana and plantain production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from Brazil

In 2022, shipments abroad of bananas and plantains decreased by -22.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a mild slump. The growth pace was the most rapid in 2018 when exports increased by 79%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, banana and plantain exports amounted to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 76% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons), Uruguay (X tons) and the UK (X tons) were the main destinations of banana and plantain exports from Brazil, together comprising 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +9.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Argentina ($X), Uruguay ($X) and the UK ($X) were the largest markets for banana and plantain exported from Brazil worldwide, with a combined 93% share of total exports.

Among the main countries of destination, Argentina, with a CAGR of +15.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average banana and plantain export price stood at $X per ton in 2022, picking up by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the average price for exports to Spain ($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 Argentina (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Brazil

Banana and plantain imports into Brazil fell remarkably to X tons in 2022, reducing by -16.4% on the previous year. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 221% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, banana and plantain imports dropped to $X in 2022. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 200%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Philippines (X tons) and Ecuador (X tons) were the main suppliers of banana and plantain imports to Brazil.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +65.5%).

In value terms, the largest banana and plantain suppliers to Brazil were the Philippines ($X) and Ecuador ($X).

Among the main suppliers, the Philippines, with a CAGR of +58.9%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average banana and plantain import price amounted to $X per ton, increasing by 3.1% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 58% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.2%).

Source: IndexBox Platform

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