Global Banana and Plantain Market
Market Overview
In 
, after four years of growth, there was decline in the global banana and plantain market, when its value decreased by -% to $. 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. Global consumption peaked at $ in , and then contracted in the following year.
In value terms, banana and plantain production dropped slightly to $ in estimated in export price. Over the period under review, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of %. Over the period under review, global production hit record highs at $ in , and then shrank in the following year.
India ( tons) 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 ( tons), threefold. The Philippines ( tons) 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-. The remaining producing countries recorded the following average annual rates of production growth: China (+% per year) and the Philippines (-% per year).
In, the global average banana and plantain yield shrank to tons per ha, waning by -% against the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of %. Over the period under review, the average banana and plantain yield attained the maximum level at tons per ha in 2018; however, from 2019 to , the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, the total area harvested in terms of bananas and plantains production worldwide amounted to ha, rising by % compared with the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure in and is likely to see gradual growth in the near future.
, after four years of growth, there was decline in the global banana and plantain market, when its value decreased by -% to $. 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. Global consumption peaked at $ in , and then contracted in the following year.In value terms, banana and plantain production dropped slightly to $
in estimated in export price. Over the period under review, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of %. Over the period under review, global production hit record highs at $ in , and then shrank in the following year.India (
tons) 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 ( tons), threefold. The Philippines ( tons) 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-. The remaining producing countries recorded the following average annual rates of production growth: China (+% per year) and the Philippines (-% per year).In
, the global average banana and plantain yield shrank to tons per ha, waning by -% against the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of %. Over the period under review, the average banana and plantain yield attained the maximum level at tons per ha in 2018; however, from 2019 to , the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, the total area harvested in terms of bananas and plantains production worldwide amounted to ha, rising by % compared with the year before. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Over the period under review, the harvested area dedicated to banana and plantain production reached the peak figure in and is likely to see gradual growth in the near future.Consumption
In , consumption of bananas and plantains decreased by -% to tons for the first time since 2016, thus ending a four-year rising trend. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, global consumption reached the peak volume at tons in , and then contracted in the following year.
The global banana and plantain market revenue declined modestly to $ in , almost unchanged from 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 ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $ in , and then shrank slightly in the following year.
, consumption of bananas and plantains decreased by -% to tons for the first time since 2016, thus ending a four-year rising trend. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, global consumption reached the peak volume at tons in , and then contracted in the following year.The global banana and plantain market revenue declined modestly to $
in , almost unchanged from 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 ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $ in , and then shrank slightly in the following year.Consumption by Country
India ( tons) 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 ( tons), twofold. The third position in this ranking was held by Uganda ( tons), with a % share.
From 2007 to, the average annual rate of growth in terms of volume in India stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Uganda (-% per year).
In value terms, India ($), Uganda ($) and China ($) appeared to be the countries with the highest levels of market value in , with a combined % share of the global market. Democratic Republic of the Congo, the Philippines, Tanzania, Indonesia, Ghana, Cameroon, Nigeria, Angola, the United States and Brazil lagged somewhat behind, together accounting for a further %.
Among the main consuming countries, Democratic Republic of the Congo, with a CAGR of +%, recorded the highest growth rate of market size, over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).
From 2007 to, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Democratic Republic of the Congo (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
tons) remains the largest banana and plantain consuming country worldwide, comprising approx. % of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China ( tons), twofold. The third position in this ranking was held by Uganda ( tons), with a % share.From 2007 to
, the average annual rate of growth in terms of volume in India stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Uganda (-% per year).In value terms, India ($
), Uganda ($) and China ($) appeared to be the countries with the highest levels of market value in , with a combined % share of the global market. Democratic Republic of the Congo, the Philippines, Tanzania, Indonesia, Ghana, Cameroon, Nigeria, Angola, the United States and Brazil lagged somewhat behind, together accounting for a further %.Among the main consuming countries, Democratic Republic of the Congo, with a CAGR of +
%, recorded the highest growth rate of market size, over the period under review, while 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 consumption, amongst the main consuming countries, was attained by Democratic Republic of the Congo (with a CAGR of +%), while 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 tons by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .
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