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 pace of growth appeared the most rapid in 2014 when the market value increased by % year-to-year. Over the period under review, the global market reached the maximum level in and is likely to see gradual growth in years to come.
In value terms, banana and plantain production expanded notably to $ 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 in certain years. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Global production peaked in and is likely to see gradual growth in the near future.
The countries with the highest volumes of banana and plantain production in were India ( tonnes), China ( tonnes) and the Philippines ( tonnes), with a combined % share of global production. Indonesia, Ecuador, Brazil, Democratic Republic of the Congo, Cameroon, Colombia, Ghana, Guatemala, Angola and Tanzania lagged somewhat behind, together comprising a further %.
From 2007 to, 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.
In, the global average banana and plantain yield reached tonnes per ha, therefore, remained relatively stable against 2019 figures. The yield figure 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 pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. The global yield peaked in and is likely to continue 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, the global harvested area of bananas and plantains was estimated at ha, picking up by % on the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of % y-o-y. The global harvested area peaked at ha in 2015; however, from 2016 to , the harvested area stood at a somewhat lower figure.
, 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 pace of growth appeared the most rapid in 2014 when the market value increased by % year-to-year. Over the period under review, the global market reached the maximum level in and is likely to see gradual growth in years to come.In value terms, banana and plantain production expanded notably to $
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 in certain years. The pace of growth was the most pronounced in 2014 with an increase of % y-o-y. Global production peaked in and is likely to see gradual growth in the near future.The countries with the highest volumes of banana and plantain production in
were India ( tonnes), China ( tonnes) and the Philippines ( tonnes), with a combined % share of global production. Indonesia, Ecuador, Brazil, Democratic Republic of the Congo, Cameroon, Colombia, Ghana, Guatemala, Angola and Tanzania lagged somewhat behind, together comprising a further %.From 2007 to
, 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.In
, the global average banana and plantain yield reached tonnes per ha, therefore, remained relatively stable against 2019 figures. The yield figure 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 pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. The global yield peaked in and is likely to continue 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
, the global harvested area of bananas and plantains was estimated at ha, picking up by % on the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of % y-o-y. The global harvested area peaked at ha in 2015; however, from 2016 to , the harvested area stood at a somewhat lower figure.Consumption
In , consumption of bananas and plantains increased by % to tonnes, rising for the fourth consecutive year after two years of decline. 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 pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Global consumption peaked in and is likely to see gradual growth in the near future.
The global banana and plantain market revenue rose markedly to $ 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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, the global market attained the maximum level in and is expected to retain growth in the immediate term.
, consumption of bananas and plantains increased by % to tonnes, rising for the fourth consecutive year after two years of decline. 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 pace of growth was the most pronounced in 2010 with an increase of % against the previous year. Global consumption peaked in and is likely to see gradual growth in the near future.The global banana and plantain market revenue rose markedly to $
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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, the global market attained the maximum level in 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 were India ( tonnes), China ( tonnes) and Indonesia ( tonnes), together accounting for % of global consumption. The Philippines, Brazil, Democratic Republic of the Congo, Cameroon, Ghana, the U.S., Angola, Tanzania, Uganda and Ecuador lagged somewhat behind, together comprising a further %.
From 2007 to, the biggest increases were in 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 ($) appeared to be the countries with the highest levels of market value in , together accounting for % of the global market.
Democratic Republic of the Congo saw the highest growth rate of market size, among the main consuming countries over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in were Cameroon ( kg per person), Ecuador ( kg per person) and Ghana ( kg per person).
From 2007 to, the biggest increases were in Democratic Republic of the Congo, while banana and plantain per capita consumption for the other global leaders experienced more modest paces of growth.
were India ( tonnes), China ( tonnes) and Indonesia ( tonnes), together accounting for % of global consumption. The Philippines, Brazil, Democratic Republic of the Congo, Cameroon, Ghana, the U.S., Angola, Tanzania, Uganda and Ecuador lagged somewhat behind, together comprising a further %.From 2007 to
, the biggest increases were in Democratic Republic of the Congo, while banana and plantain consumption for the other global leaders experienced more modest paces of growth.In value terms, China ($
), India ($) and Democratic Republic of the Congo ($) appeared to be the countries with the highest levels of market value in , together accounting for % of the global market.Democratic Republic of the Congo saw the highest growth rate of market size, among 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), 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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