Global Banana and Plantain Market Overview
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 +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Over the period under review, the global market attained the maximum level in and is likely to see steady 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 +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. Global production peaked in and is likely to see steady growth in the immediate term.
India ( tonnes) constituted the country with the largest volume of banana and plantain production, 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.
From 2007 to, the average annual growth rate of volume in India totaled +%. 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 totaled tonnes per ha in , leveling off at 2019 figures. The yield figure increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the average banana and plantain yield attained the maximum level in and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, approx. ha of bananas and plantains were harvested worldwide; increasing by % compared with 2019 figures. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the harvested area increased by % y-o-y. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at ha in 2015; however, from 2016 to , the harvested area failed to regain the momentum.
, 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 +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % year-to-year. Over the period under review, the global market attained the maximum level in and is likely to see steady 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 +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. Global production peaked in and is likely to see steady growth in the immediate term.India (
tonnes) constituted the country with the largest volume of banana and plantain production, 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.From 2007 to
, the average annual growth rate of volume in India totaled +%. 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 totaled
tonnes per ha in , leveling off at 2019 figures. The yield figure increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, the average banana and plantain yield attained the maximum level in and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, approx. ha of bananas and plantains were harvested worldwide; increasing by % compared with 2019 figures. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the harvested area increased by % y-o-y. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at ha in 2015; however, from 2016 to , the harvested area failed to regain the momentum.Consumption
For the fourth consecutive year, the global market recorded growth in consumption of bananas and plantains, which increased by % to tonnes in . The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by % year-to-year. Over the period under review, global consumption hit record highs in and is likely to see steady growth in the immediate term.
The global banana and plantain market size stood at $ in , surging 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 +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Over the period under review, the global market hit record highs in and is likely to see gradual growth in the immediate term.
% to tonnes in . The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by % year-to-year. Over the period under review, global consumption hit record highs in and is likely to see steady growth in the immediate term.The global banana and plantain market size stood at $
in , surging 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 +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of % against the previous year. Over the period under review, the global market hit record highs in and is likely to see gradual growth in the immediate term.Consumption By Country
India ( tonnes) constituted the country with the largest volume of banana and plantain consumption, 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 growth rate of volume in India stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Indonesia (+% per year).
In value terms, India ($), China ($) and Democratic Republic of the Congo ($) were the countries with the highest levels of market value in , together comprising % of the global market.
In terms of the main consuming countries, Democratic Republic of the Congo saw the highest rates of growth with regard to market size, over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in were Cameroon ( kg per person), Ecuador ( kg per person) and Ghana ( kg per person).
From 2007 to, the biggest increases were in Democratic Republic of the Congo, while banana and plantain per capita consumption for the other global leaders experienced more modest paces of growth.
tonnes) constituted the country with the largest volume of banana and plantain consumption, comprising approx. % of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China ( tonnes), twofold. Indonesia ( tonnes) ranked third in terms of total consumption with a % share.From 2007 to
, the average annual growth rate of volume in India stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Indonesia (+% per year).In value terms, India ($
), China ($) and Democratic Republic of the Congo ($) were the countries with the highest levels of market value in , together comprising % of the global market.In terms of the main consuming countries, Democratic Republic of the Congo saw the highest rates of growth with regard to market size, 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), Ecuador ( kg per person) and Ghana ( kg per person).From 2007 to
, 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 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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