Global Banana and Plantain Market
Market Overview
In 
, the global banana and plantain market increased by % to $, rising for the fourth year in a row 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 pace of growth was the most pronounced in 2019 when the market value increased by % against the previous year. Over the period under review, the global market attained the peak level in and is expected to retain growth in years to come.
In value terms, banana and plantain production rose modestly to $ 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 most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. Global production peaked in and is likely to continue growth in the immediate term.
India ( tonnes) constituted the country with the largest volume of banana and plantain production, comprising approx. % of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China ( tonnes), threefold. The third position in this ranking was occupied by the Philippines ( tonnes), 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 modestly to tonnes per ha in , increasing by % on the previous year. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. The global yield peaked at tonnes per ha in 2018; however, from 2019 to , the yield stood at a somewhat lower figure. 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 contracted to ha, almost unchanged from the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by % year-to-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 year in a row 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 pace of growth was the most pronounced in 2019 when the market value increased by % against the previous year. Over the period under review, the global market attained the peak level in and is expected to retain growth in years to come.In value terms, banana and plantain production rose modestly to $
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 most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. Global production peaked in and is likely to continue growth in the immediate term.India (
tonnes) constituted the country with the largest volume of banana and plantain production, comprising approx. % of total volume. Moreover, banana and plantain production in India exceeded the figures recorded by the second-largest producer, China ( tonnes), threefold. The third position in this ranking was occupied by the Philippines ( tonnes), 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 modestly to
tonnes per ha in , increasing by % on the previous year. The yield figure increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2008 with an increase of % y-o-y. The global yield peaked at tonnes per ha in 2018; however, from 2019 to , the yield stood at a somewhat lower figure. 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 contracted to ha, almost unchanged from the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by % year-to-year. As a result, the harvested area reached the peak level of ha, leveling off in the following year.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 +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the consumption volume increased by % against the previous year. Over the period under review, global consumption attained the peak volume in and is expected to retain growth in the near future.
The global banana and plantain market size totaled $ in , approximately mirroring 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 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 likely to continue growth in the near future.
% to tonnes in . 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 being observed in certain years. The most prominent rate of growth was recorded in 2019 when the consumption volume increased by % against the previous year. Over the period under review, global consumption attained the peak volume in and is expected to retain growth in the near future.The global banana and plantain market size totaled $
in , approximately mirroring 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 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 likely to continue growth in the near future.Consumption By Country
India ( tonnes) constituted the country with the largest volume of banana and plantain consumption, accounting for % 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, the largest banana and plantain markets worldwide were India ($), China ($) and Uganda ($), with a combined % share of the global market. These countries were followed by Democratic Republic of the Congo, the Philippines, Cameroon, Tanzania, Indonesia, Ghana, Nigeria, Angola, United States and Brazil, which together accounted for a further %.
In terms of the main consuming countries, Democratic Republic of the Congo saw the highest growth rate of market size, over the period under review, while banana and plantain market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of banana and plantain per capita consumption in were Cameroon ( kg per person), Uganda ( kg per person) and Ghana ( kg per person).
From 2007 to, the biggest increases were in Democratic Republic of the Congo, while banana and plantain per capita consumption for the other global leaders experienced more modest paces of growth.
tonnes) constituted the country with the largest volume of banana and plantain consumption, accounting for % of total volume. Moreover, banana and plantain consumption in India exceeded the figures recorded by the second-largest consumer, China ( tonnes), twofold. Indonesia ( tonnes) ranked third in terms of total consumption with a % share.From 2007 to
, the average annual growth rate of volume in India stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Indonesia (+% per year).In value terms, the largest banana and plantain markets worldwide were India ($
), China ($) and Uganda ($), 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 %.In terms of the main consuming countries, Democratic Republic of the Congo saw the highest growth rate of 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), Uganda ( 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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