Report Mexico - Bananas - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jun 1, 2025

Mexico - Bananas - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Banana Market 2025

Banana Market Size in Mexico

The Mexican banana market reduced slightly to $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Banana Production in Mexico

In value terms, banana production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +3.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 36%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of bananas in Mexico totaled X tons per ha, remaining constant against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by 4.4%. The banana yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana harvested area in Mexico amounted to X ha in 2022, therefore, remained relatively stable against the previous year. In general, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 4%. The banana harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Banana Exports

Exports from Mexico

In 2022, after four years of growth, there was decline in overseas shipments of bananas, when their volume decreased by -2% to X tons. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +11.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 109% against the previous year. The exports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, banana exports reached $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2013 when exports increased by 137%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for banana exports from Mexico, accounting for a 85% share of total exports. Moreover, banana exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +11.7%.

In value terms, the United States ($X) remains the key foreign market for bananas exports from Mexico, comprising 85% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +14.9%.

Export Prices by Country

The average banana export price stood at $X per ton in 2022, surging by 4.8% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana export price decreased by -36.2% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 46%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Banana Imports

Imports into Mexico

In 2019, approx. X tons of bananas were imported into Mexico; standing approx. at 2018. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 21%. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the near future.

In value terms, banana imports totaled $X in 2019. In general, imports recorded a significant increase. The growth pace was the most rapid in 2013 when imports increased by 135% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

Imports by Country

Peru (X tons), the United States (X tons) and Ecuador (X tons) were the main suppliers of banana imports to Mexico, with a combined 98% share of total imports.

From 2012 to 2019, the biggest increases were recorded for Ecuador (with a CAGR of 0.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Peru ($X) constituted the largest supplier of bananas to Mexico, comprising 80% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports.

From 2012 to 2019, the average annual growth rate of value from Peru was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.5% per year) and Ecuador (0.0% per year).

Import Prices by Country

The average banana import price stood at $X per ton in 2019, stabilizing at the previous year. Overall, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 95% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Ecuador ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India constituted the country with the largest volume of banana and plantain consumption, accounting for 18% of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. Uganda ranked third in terms of total consumption with a 4.7% share.
India remains the largest banana and plantain producing country worldwide, comprising approx. 19% of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China, threefold. The third position in this ranking was occupied by the Philippines, with a 5.6% share.
In value terms, the United States constituted the largest supplier of banana and plantain to Mexico, comprising 69% of total imports. The second position in the ranking was occupied by Ecuador, with a 28% share of total imports.
In value terms, the United States remains the key foreign market for banana and plantain exports from Mexico, comprising 71% of total exports. The second position in the ranking was occupied by Japan, with a 19% share of total exports. It was followed by Canada, with a 5.9% share.
In 2021, the average banana and plantain export price amounted to $634 per ton, growing by 19% against the previous year.
In 2021, the average banana and plantain import price amounted to $926 per ton, dropping by -37.4% against the previous year.

This report provides an in-depth analysis of the banana market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 486 - Bananas

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024
  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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