China: Banana And Plantain Market 2025

Banana And Plantain Market Size in China

The Chinese banana and plantain market reduced to $X in 2022, with a decrease of -3.7% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Banana and plantain consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Banana And Plantain Production in China

In value terms, banana and plantain production dropped to $X in 2022 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 121% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of bananas and plantains in China declined slightly to X tons per ha in 2022, stabilizing at 2021 figures. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, the average banana and plantain yield hit record highs at X tons per ha in 2021, 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.

The banana and plantain harvested area in China dropped to X ha in 2022, flattening at the previous year. In general, the harvested area saw a slight contraction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 4.4% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the banana and plantain harvested area failed to regain momentum.

Banana And Plantain Exports

Exports from China

In 2022, exports of bananas and plantains from China expanded rapidly to X tons, increasing by 8.6% compared with the year before. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 75%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana and plantain exports soared to $X in 2022. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by 110% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Mongolia (X tons) was the main destination for banana and plantain exports from China, with a 11% share of total exports. It was followed by Russia (X tons), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mongolia totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-46.8% per year) and Japan (-48.1% per year).

In value terms, Mongolia ($X) remains the key foreign market for bananas and plantains exports from China, comprising 6.2% of total exports. The second position in the ranking was taken by Russia ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mongolia stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-30.1% per year) and Japan (-32.5% per year).

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, increasing by 24% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Japan ($X per ton), while the average price for exports to Mongolia ($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 Russia (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into China

Banana and plantain imports into China reduced slightly to X tons in 2022, waning by -2.7% against the previous year's figure. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 119%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, banana and plantain imports rose remarkably to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 142%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The Philippines (X tons), Vietnam (X tons) and Cambodia (X tons) were the main suppliers of banana and plantain imports to China, together comprising 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +182.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana and plantain suppliers to China were the Philippines ($X), Vietnam ($X) and Cambodia ($X), together accounting for 83% of total imports.

Among the main suppliers, Cambodia, with a CAGR of +241.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, growing by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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