Southern Asia: Banana Market 2025

Banana Market Size in Southern Asia

The South Asian banana market rose slightly to $X in 2022, increasing by 2.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Banana Production in Southern Asia

In value terms, banana production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

India (X tons) constituted the country with the largest volume of banana production, accounting for 95% of total volume. It was followed by Bangladesh (X tons), with a 2.4% share of total production.

In India, banana production increased at an average annual rate of +2.2% over the period from 2012-2022.

The average banana yield amounted to X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by 6.8% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the banana yield remained at a lower figure. 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 contracted modestly to X ha in 2022, standing approx. at the previous year. The harvested area increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 3.6% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Banana Exports

Exports in Southern Asia

In 2022, banana exports in Southern Asia soared to X tons, rising by 23% compared with the previous year's figure. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 267% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, banana exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 287%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X tons) was the main exporter of bananas, achieving 74% of total exports. It was distantly followed by Pakistan (X tons), committing a 26% share of total exports.

India was also the fastest-growing in terms of the bananas exports, with a CAGR of +33.1% from 2012 to 2022. At the same time, Pakistan (+15.9%) displayed positive paces of growth. While the share of India (+74 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Pakistan (-59.4 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest banana supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was held by Pakistan ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled +25.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, dropping by -5.6% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2014 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.5%).

Banana Imports

Imports in Southern Asia

In 2022, after two years of decline, there was significant growth in overseas purchases of bananas, when their volume increased by 6.3% to X tons. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 151% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, banana imports shrank modestly to $X in 2022. In general, imports recorded a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 133%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan (X tons) and Nepal (X tons) dominates imports structure, together committing 98% of total imports. Maldives (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +44.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest banana importing markets in Southern Asia were Afghanistan ($X), Nepal ($X) and Maldives ($X), together comprising 99% of total imports.

Nepal, with a CAGR of +42.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by -6.2% against the previous year. Overall, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the import price increased by 13%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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