Global Banana and Plantain Market
Market Overview
In 
, the global banana and plantain market increased by % to $, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of % y-o-y. Over the period under review, the global market reached the peak level in and is expected to retain growth in years to come.
In value terms, banana and plantain production reached $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Global production peaked in and is likely to see steady growth in years to come.
India ( tonnes) remains the largest banana and plantain producing country worldwide, accounting for % of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China ( tonnes), threefold. The Philippines ( tonnes) ranked third in terms of total production with a % share.
In India, banana and plantain production expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and the Philippines (-% per year).
The global average banana and plantain yield rose slightly to tonnes per ha in , increasing by % against the year before. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. The global yield peaked at tonnes per ha in 2018; however, from 2019 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the global banana and plantain harvested area shrank slightly to ha, remaining relatively unchanged against 2019. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by % against the previous year. As a result, the harvested area reached the peak level of ha, leveling off in the following year.
, the global banana and plantain market increased by % to $, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of % y-o-y. Over the period under review, the global market reached the peak level in and is expected to retain growth in years to come.In value terms, banana and plantain production reached $
in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Global production peaked in and is likely to see steady growth in years to come.India (
tonnes) remains the largest banana and plantain producing country worldwide, accounting for % of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China ( tonnes), threefold. The Philippines ( tonnes) ranked third in terms of total production with a % share.In India, banana and plantain production expanded at an average annual rate of +
% over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and the Philippines (-% per year).The global average banana and plantain yield rose slightly to
tonnes per ha in , increasing by % against the year before. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % year-to-year. The global yield peaked at tonnes per ha in 2018; however, from 2019 to , the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the global banana and plantain harvested area shrank slightly to ha, remaining relatively unchanged against 2019. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by % against the previous year. As a result, the harvested area reached the peak level of ha, leveling off in the following year.Consumption
In , the amount of bananas and plantains consumed worldwide expanded modestly to tonnes, surging by % against the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of % against the previous year. Global consumption peaked in and is likely to continue growth in the immediate term.
The global banana and plantain market size was estimated at $ in , approximately equating 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 +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Over the period under review, the global market attained the maximum level in and is expected to retain growth in the near future.
, the amount of bananas and plantains consumed worldwide expanded modestly to tonnes, surging by % against the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of % against the previous year. Global consumption peaked in and is likely to continue growth in the immediate term.The global banana and plantain market size was estimated at $
in , approximately equating 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 +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Over the period under review, the global market attained the maximum level in and is expected to retain growth in the near future.Consumption By Country
India ( tonnes) remains the largest banana and plantain consuming country worldwide, comprising approx. % of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China ( tonnes), twofold. Indonesia ( tonnes) ranked third in terms of total consumption with a % share.
From 2007 to, the average annual rate of growth in terms of volume in India totaled +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Indonesia (+% per year).
In value terms, the largest banana and plantain markets worldwide were India ($), Uganda ($) and China ($), with a combined % share of the global market. These countries were followed by Democratic Republic of the Congo, the Philippines, Cameroon, Tanzania, Indonesia, Ghana, Nigeria, Angola, United States and Brazil, which together accounted for a further %.
Democratic Republic of the Congo recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).
From 2007 to, the most notable rate of growth in terms of banana and plantain per capita consumption, amongst the key consuming countries, was attained by Democratic Republic of the Congo, while banana and plantain per capita consumption for the other global leaders experienced more modest paces of growth.
tonnes) remains the largest banana and plantain consuming country worldwide, comprising approx. % of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China ( tonnes), twofold. Indonesia ( tonnes) ranked third in terms of total consumption with a % share.From 2007 to
, the average annual rate of growth in terms of volume in India totaled +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Indonesia (+% per year).In value terms, the largest banana and plantain markets worldwide were India ($
), Uganda ($) and China ($), with a combined % share of the global market. These countries were followed by Democratic Republic of the Congo, the Philippines, Cameroon, Tanzania, Indonesia, Ghana, Nigeria, Angola, United States and Brazil, which together accounted for a further %.Democratic Republic of the Congo recorded 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
were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).From 2007 to
, the most notable rate of growth in terms of banana and plantain per capita consumption, amongst the key consuming countries, was attained by 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 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .
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