Banana Market Overview in India
In value terms, banana production declined to $ in 2018 estimated in export prices. Over the period under review, production continues to indicate notable growth. The pace of growth appeared the most rapid in 2014 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2015 to 2018, production growth remained at a somewhat lower figure.
In 2018, the average banana yield in India shrank modestly to tonnes per ha, dropping by -% on the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, the yield attained the peak level of tonnes per ha. From 2015 to 2018, the growth of the average banana 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 2018, the total area harvested in terms of bananas production in India rose modestly to ha, growing by % on the previous year. The harvested area increased at an average annual rate of +% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. 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 production reached the peak figure in 2018 and is likely to see steady growth in the near future.
The size of the banana market in India reduced slightly to $ in 2018, 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). Over the period under review, the total consumption indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, consumption decreased by -% against 2014 indices. The growth pace was the most rapid in 2014 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2015 to 2018, the growth of the market remained at a lower figure.