Brazil: Banana Market 2025

Banana Market Size in Brazil

The Brazilian banana market reduced slightly to $X in 2022, leveling off at the previous year. In general, consumption recorded a mild slump. Banana consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Banana Production in Brazil

In value terms, banana production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 with an increase of 13%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average banana yield in Brazil dropped slightly to X tons per ha, remaining relatively unchanged against the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 3%. As a result, the yield reached the peak level of X tons per ha, and then dropped slightly 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 total area harvested in terms of bananas production in Brazil totaled X ha, leveling off at 2021 figures. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 0.9%. Over the period under review, the harvested area dedicated to banana production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Banana Exports

Exports from Brazil

In 2022, after four years of growth, there was significant decline in shipments abroad of bananas, when their volume decreased by -22.6% to X tons. In general, exports recorded a mild setback. The pace of growth appeared the most rapid in 2018 with an increase of 79%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped significantly in the following year.

In value terms, banana exports totaled $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 76%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Argentina (X tons), Uruguay (X tons) and the UK (X tons) were the main destinations of banana exports from Brazil, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +9.2%), while shipments for the other leaders experienced mixed trend patterns.

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

In terms of 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 export price stood at $X per ton in 2022, growing by 30% against the previous year. Over the last decade, 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.

Prices varied noticeably by country of destination: 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 Imports

Imports into Brazil

Banana imports into Brazil dropped to X tons in 2022, waning by -13.9% compared with the year before. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 221%. 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 imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 235% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

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

The Philippines, with a CAGR of +58.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average banana import price stood at $X per ton in 2022, rising by 4.4% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 72% against the previous year. As a result, import price reached 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 amounted to $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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