Banana Market Overview in India
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.
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.