Global Banana and Plantain Market Overview
Market Overview
In 2019, the global banana and plantain market increased by 
% to $, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. Over the period under review, the global market attained the maximum level in 2019 and is expected to retain growth in the near future.
In value terms, banana and plantain production expanded slightly to $ in 2019 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by % year-to-year. Global production peaked in 2019 and is likely to see steady growth in years to come.
The countries with the highest volumes of banana and plantain production in 2019 were India ( tonnes), China ( tonnes) and the Philippines ( tonnes), together comprising % of global production. These countries were followed by Ecuador, Indonesia, Brazil, Cameroon, Democratic Republic of the Congo, Colombia, Ghana, Guatemala, Angola and Tanzania, which together accounted for a further %.
From 2007 to 2019, the biggest increases were in Democratic Republic of the Congo, while banana and plantain production for the other global leaders experienced more modest paces of growth.
The global average banana and plantain yield reduced slightly to tonnes per ha in 2019, almost unchanged from 2018 figures. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the average banana and plantain yield hit record highs at tonnes per ha in 2018, 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.
In 2019, the global harvested area of bananas and plantains reached ha, remaining stable against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the harvested area increased by % y-o-y. The global harvested area peaked at ha in 2015; however, from 2016 to 2019, the harvested area remained at a lower figure.
% to $, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the market value increased by % against the previous year. Over the period under review, the global market attained the maximum level in 2019 and is expected to retain growth in the near future.In value terms, banana and plantain production expanded slightly to $
in 2019 estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by % year-to-year. Global production peaked in 2019 and is likely to see steady growth in years to come.The countries with the highest volumes of banana and plantain production in 2019 were India (
tonnes), China ( tonnes) and the Philippines ( tonnes), together comprising % of global production. These countries were followed by Ecuador, Indonesia, Brazil, Cameroon, Democratic Republic of the Congo, Colombia, Ghana, Guatemala, Angola and Tanzania, which together accounted for a further %.From 2007 to 2019, the biggest increases were in Democratic Republic of the Congo, while banana and plantain production for the other global leaders experienced more modest paces of growth.
The global average banana and plantain yield reduced slightly to
tonnes per ha in 2019, almost unchanged from 2018 figures. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Over the period under review, the average banana and plantain yield hit record highs at tonnes per ha in 2018, 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.In 2019, the global harvested area of bananas and plantains reached
ha, remaining stable against the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the harvested area increased by % y-o-y. The global harvested area peaked at ha in 2015; however, from 2016 to 2019, the harvested area remained at a lower figure.Consumption
In 2019, consumption of bananas and plantains increased by % to tonnes, rising for the third year in a row after two years of decline. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2010 when the consumption volume increased by % year-to-year. Over the period under review, global consumption reached the maximum volume in 2019 and is expected to retain growth in the immediate term.
The global banana and plantain market revenue amounted to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. Global consumption peaked in 2019 and is expected to retain growth in the immediate term.
% to tonnes, rising for the third year in a row after two years of decline. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2010 when the consumption volume increased by % year-to-year. Over the period under review, global consumption reached the maximum volume in 2019 and is expected to retain growth in the immediate term.The global banana and plantain market revenue amounted to $
in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. Global consumption peaked in 2019 and is expected to retain growth in the immediate term.Consumption By Country
The countries with the highest volumes of banana and plantain consumption in 2019 were India ( tonnes), China ( tonnes) and Indonesia ( tonnes), together accounting for % of global consumption. Brazil, the Philippines, Cameroon, Democratic Republic of the Congo, Ghana, the U.S., Angola, Tanzania, Uganda and Nigeria lagged somewhat behind, together accounting for a further %.
From 2007 to 2019, the most notable rate of growth in terms of banana and plantain consumption, amongst the main consuming countries, was attained by Democratic Republic of the Congo, while banana and plantain consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($), India ($) and Democratic Republic of the Congo ($) constituted the countries with the highest levels of market value in 2019, together comprising % of the global market.
Democratic Republic of the Congo saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in 2019 were Cameroon ( kg per person), Ghana ( kg per person) and Angola ( kg per person).
From 2007 to 2019, the biggest increases were in Democratic Republic of the Congo, while banana and plantain per capita consumption for the other global leaders experienced more modest paces of growth.
tonnes), China ( tonnes) and Indonesia ( tonnes), together accounting for % of global consumption. Brazil, the Philippines, Cameroon, Democratic Republic of the Congo, Ghana, the U.S., Angola, Tanzania, Uganda and Nigeria lagged somewhat behind, together accounting for a further %.From 2007 to 2019, the most notable rate of growth in terms of banana and plantain consumption, amongst the main consuming countries, was attained by Democratic Republic of the Congo, while banana and plantain consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($
), India ($) and Democratic Republic of the Congo ($) constituted the countries with the highest levels of market value in 2019, together comprising % of the global market.Democratic Republic of the Congo saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in 2019 were Cameroon (
kg per person), Ghana ( kg per person) and Angola ( kg per person).From 2007 to 2019, the biggest increases were in Democratic Republic of the Congo, while banana and plantain per capita consumption for the other global leaders experienced more modest paces of growth.
Market Forecast
Driven by increasing demand for banana and plantain worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
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