Banana and Plantain Market Overview in India
Market Overview
After two years of decline, the Indian banana and plantain market increased by 
% to $ in . 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 was the most pronounced in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market failed to regain the momentum.
In value terms, banana and plantain production reached $ in estimated in export prices. Overall, the total production indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. from 2015 to , production growth remained at a lower figure.
The average yield of bananas and plantains in India reduced modestly to tonnes per ha in , leveling off at the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, the yield reached the peak level of tonnes per ha. from 2015 to , the growth of the average banana and plantain 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.
In, the banana and plantain harvested area in India expanded slightly to ha, increasing by % on 2019. The harvested area increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. The banana and plantain harvested area peaked in and is expected to retain growth in the immediate term.
% to $ in . 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 was the most pronounced in 2014 with an increase of % year-to-year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market failed to regain the momentum.In value terms, banana and plantain production reached $
in estimated in export prices. Overall, the total production indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. from 2015 to , production growth remained at a lower figure.The average yield of bananas and plantains in India reduced modestly to
tonnes per ha in , leveling off at the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, the yield reached the peak level of tonnes per ha. from 2015 to , the growth of the average banana and plantain 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.In
, the banana and plantain harvested area in India expanded slightly to ha, increasing by % on 2019. The harvested area increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. The banana and plantain harvested area peaked in and is expected to retain growth in the immediate term.Consumption
Banana and plantain consumption in India expanded to tonnes in , surging by % against the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the peak volume in and is expected to retain growth in years to come.
The size of the banana and plantain market in India expanded sharply to $ in , rising 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 +% over the period 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 % against the previous year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.
tonnes in , surging by % against the previous year's figure. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the peak volume in and is expected to retain growth in years to come.The size of the banana and plantain market in India expanded sharply to $
in , rising 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 +% over the period 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 % against the previous year. As a result, consumption attained the peak level of $. from 2015 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for banana and plantain in India, 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 .Market Structure
Over the period under review, imports of banana and plantain in India were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for banana and plantain.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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