Northern America: Banana And Plantain Market 2025

Banana And Plantain Market Size in Northern America

In 2022, the North American banana and plantain market increased by 2% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 5.8% against the previous year. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Banana And Plantain Production in Northern America

In value terms, banana and plantain production dropped modestly to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 8.4%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The United States (X tons) remains the largest banana and plantain producing country in Northern America, accounting for 100% of total volume.

In the United States, banana and plantain production shrank by an average annual rate of -8.7% over the period from 2012-2022.

In 2022, the average banana and plantain yield in Northern America fell to X tons per ha, with a decrease of -8.6% against 2021 figures. Over the period under review, the yield continues to indicate a abrupt decline. The growth pace was the most rapid in 2019 when the yield increased by 30% against the previous year. The level of yield peaked at X tons per ha in 2014; however, from 2015 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.

In 2022, the total area harvested in terms of bananas and plantains production in Northern America stood at X ha, approximately equating the previous year. In general, the harvested area, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Banana And Plantain Exports

Exports in Northern America

In 2022, shipments abroad of bananas and plantains decreased by -0.7% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 6.1%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, banana and plantain exports stood at $X in 2022. The total export value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) represented roughly 99.9% of total exports in 2022.

The United States was also the fastest-growing in terms of the bananas and plantains exports, with a CAGR of +1.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest banana and plantain supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +1.5%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by 8.5% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.2% per year.

Banana And Plantain Imports

Imports in Northern America

In 2022, banana and plantain imports in Northern America declined to X tons, remaining stable against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 7.8%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, banana and plantain imports rose modestly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 4.6%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the key importer of bananas and plantains in Northern America, with the volume of imports recording X tons, which was near 89% of total imports in 2022. It was distantly followed by Canada (X tons), achieving an 11% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of bananas and plantains. At the same time, Canada (+1.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +1.3% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported bananas and plantains in Northern America, comprising 84% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.

In the United States, banana and plantain imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with an increase of 4.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Source: IndexBox Platform

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