Banana and Plantain Market in India
Market Overview
In 
, the Indian banana and plantain market was finally on the rise to reach $ for the first time since 2017, thus ending a two-year declining trend. 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 growth pace was the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.
In value terms, banana and plantain production expanded notably to $ in estimated in export prices. In general, the total production indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. As a result, production attained the peak level of $. from 2015 to , production growth failed to regain the momentum.
The average yield of bananas and plantains in India rose to tonnes per ha in , picking up by % against the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by % y-o-y. 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 harvested area of bananas and plantains in India totaled ha, standing approx. at the year before. The harvested area increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at ha in 2018; however, from 2019 to , the harvested area remained at a lower figure.
, the Indian banana and plantain market was finally on the rise to reach $ for the first time since 2017, thus ending a two-year declining trend. 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 growth pace was the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.In value terms, banana and plantain production expanded notably to $
in estimated in export prices. In general, the total production indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. As a result, production attained the peak level of $. from 2015 to , production growth failed to regain the momentum.The average yield of bananas and plantains in India rose to
tonnes per ha in , picking up by % against the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by % y-o-y. 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 harvested area of bananas and plantains in India totaled ha, standing approx. at the year before. The harvested area increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to banana and plantain production reached the maximum at ha in 2018; however, from 2019 to , the harvested area remained at a lower figure.Consumption
Banana and plantain consumption in India rose to tonnes in , increasing by % on the year before. The total consumption volume increased at an average annual rate of +% over the period 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. Over the period under review, consumption hit record highs in and is likely to see gradual growth in years to come.
The value of the banana and plantain market in India was estimated at $ 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.
tonnes in , increasing by % on the year before. The total consumption volume increased at an average annual rate of +% over the period 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. Over the period under review, consumption hit record highs in and is likely to see gradual growth in years to come.The value of the banana and plantain market in India was estimated at $
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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat 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 decelerate, 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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