Global Banana and Plantain Market
Market Overview
In 
, after five 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 remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs at $ in , and then dropped modestly in the following year.
In value terms, banana and plantain production stood at $ in estimated in export price. 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 appeared the most rapid in 2013 with an increase of %. Over the period under review, global production attained the maximum level at $ in ; however, from to , production failed to regain momentum.
The country with the largest volume of banana and plantain production was India ( tons), comprising approx. % of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China ( tons), threefold. Uganda ( 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-. In the other countries, the average annual rates were as follows: China (+% per year) and Uganda (+% per year).
In, the global average yield of bananas and plantains contracted to tons per ha, remaining relatively unchanged against figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. The global yield peaked at tons per ha in 2018; however, from 2019 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The global banana and plantain harvested area reached ha in , standing approx. at . Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of %. The global harvested area peaked at ha in ; afterwards, it flattened through to .
, after five 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 remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the global market hit record highs at $ in , and then dropped modestly in the following year.In value terms, banana and plantain production stood at $
in estimated in export price. 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 appeared the most rapid in 2013 with an increase of %. Over the period under review, global production attained the maximum level at $ in ; however, from to , production failed to regain momentum.The country with the largest volume of banana and plantain production was India (
tons), comprising approx. % of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China ( tons), threefold. Uganda ( 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-. In the other countries, the average annual rates were as follows: China (+% per year) and Uganda (+% per year).In
, the global average yield of bananas and plantains contracted to tons per ha, remaining relatively unchanged against figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. The global yield peaked at tons per ha in 2018; however, from 2019 to , the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.The global banana and plantain harvested area reached
ha in , standing approx. at . Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of %. The global harvested area peaked at ha in ; afterwards, it flattened through to .Consumption
In , consumption of bananas and plantains decreased by -% to tons for the first time since 2016, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, global consumption attained the peak volume at tons in , and then contracted slightly in the following year.
The global banana and plantain market value reduced slightly to $ in , therefore, remained relatively stable 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 remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked at $ in , and then dropped in the following year.
, consumption of bananas and plantains decreased by -% to tons for the first time since 2016, thus ending a five-year rising trend. The total consumption volume increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, global consumption attained the peak volume at tons in , and then contracted slightly in the following year.The global banana and plantain market value reduced slightly to $
in , therefore, remained relatively stable 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 remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked at $ in , and then dropped in the following year.Consumption by Country
India ( tons) 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 ( tons), twofold. The third position in this ranking was held by Uganda ( tons), with a % share.
In India, banana and plantain consumption 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 Uganda (+% per year).
In value terms, the largest banana and plantain markets worldwide were India ($), China ($) and Uganda ($), together accounting for % of the global market. Cameroon, Indonesia, Tanzania, Ghana, Democratic Republic of the Congo, the Philippines, Angola, the United States, Brazil and Nigeria lagged somewhat behind, together comprising a further %.
Democratic Republic of the Congo, with a CAGR of +%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).
From 2007 to, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Democratic Republic of the Congo (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
tons) constituted the country with the largest volume of banana and plantain consumption, comprising approx. % of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China ( tons), twofold. The third position in this ranking was held by Uganda ( tons), with a % share.In India, banana and plantain consumption expanded at an average annual rate of +
% over the period from 2007-. In the other countries, the average annual rates were as follows: China (+% per year) and Uganda (+% per year).In value terms, the largest banana and plantain markets worldwide were India ($
), China ($) and Uganda ($), together accounting for % of the global market. Cameroon, Indonesia, Tanzania, Ghana, Democratic Republic of the Congo, the Philippines, Angola, the United States, Brazil and Nigeria lagged somewhat behind, together comprising a further %.Democratic Republic of the Congo, with a CAGR of +
%, recorded the highest growth rate of market size in terms of the main consuming countries 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 leading 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 bananas and plantains worldwide, the market is expected to continue an upward consumption trend over the next eight years. 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 .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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