Period 2007-2019
Banana Market Overview in India |
Market Overview
The Indian banana market shrank markedly to $
in 2019, which is down 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). Overall, consumption faced a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.
In value terms, banana production declined to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.
In 2019, the average banana yield in India totaled kg per ha, therefore, remained relatively stable against 2018. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of bananas were harvested in India; remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.
in 2019, which is down 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). Overall, consumption faced a precipitous curtailment. The pace of growth was the most pronounced in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.In value terms, banana production declined to $
in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.In 2019, the average banana yield in India totaled
kg per ha, therefore, remained relatively stable against 2018. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In 2019, approx.
ha of bananas were harvested in India; remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.Consumption
In 2019, approx. tonnes of bananas were consumed in India; declining by -% against 2018 figures. In general, consumption continues to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2017 when the consumption volume increased by % y-o-y. Banana consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The revenue of the banana market in India reduced dramatically to $ in 2019, declining 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). Over the period under review, consumption continues to indicate a sharp slump. The pace of growth was the most pronounced in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
tonnes of bananas were consumed in India; declining by -% against 2018 figures. In general, consumption continues to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2017 when the consumption volume increased by % y-o-y. Banana consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The revenue of the banana market in India reduced dramatically to $
in 2019, declining 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). Over the period under review, consumption continues to indicate a sharp slump. The pace of growth was the most pronounced in 2017 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for banana in India, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of banana 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.
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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