Banana and Plantain Market in the United States
Market Overview
In 
, the U.S. banana and plantain market decreased by -% to $, falling for the second consecutive year after ten years of growth. Overall, the total consumption 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. Based on figures, consumption decreased by -% against 2018 indices. The pace of growth was the most pronounced in 2009 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
In value terms, banana and plantain production fell to $ in . Over the period under review, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2009 with an increase of % y-o-y. Over the period under review, production reached the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.
The average yield of bananas and plantains in United States contracted to tonnes per ha in , with a decrease of -% on 2019 figures. In general, the yield recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when the yield increased by % against the previous year. The banana and plantain yield peaked at tonnes per ha in 2007; however, from 2008 to , the 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, approx. ha of bananas and plantains were harvested in United States; which is down by -% against the previous year's figure. Overall, the harvested area continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 with an increase of % y-o-y. The banana and plantain harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain the momentum.
, the U.S. banana and plantain market decreased by -% to $, falling for the second consecutive year after ten years of growth. Overall, the total consumption 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. Based on figures, consumption decreased by -% against 2018 indices. The pace of growth was the most pronounced in 2009 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.In value terms, banana and plantain production fell to $
in . Over the period under review, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2009 with an increase of % y-o-y. Over the period under review, production reached the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.The average yield of bananas and plantains in United States contracted to
tonnes per ha in , with a decrease of -% on 2019 figures. In general, the yield recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when the yield increased by % against the previous year. The banana and plantain yield peaked at tonnes per ha in 2007; however, from 2008 to , the 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
, approx. ha of bananas and plantains were harvested in United States; which is down by -% against the previous year's figure. Overall, the harvested area continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 with an increase of % y-o-y. The banana and plantain harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain the momentum.Consumption
In , after two years of decline, there was growth in consumption of bananas and plantains, when its volume increased by % to tonnes. In general, the total consumption indicated mild growth from 2007 to : its volume 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. Based on figures, consumption decreased by -% against 2017 indices. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Banana and plantain consumption peaked at tonnes in 2017; however, from 2018 to , consumption remained at a lower figure.
The size of the banana and plantain market in United States declined to $ in , dropping 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, the total consumption indicated a moderate 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. Based on figures, consumption decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, after two years of decline, there was growth in consumption of bananas and plantains, when its volume increased by % to tonnes. In general, the total consumption indicated mild growth from 2007 to : its volume 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. Based on figures, consumption decreased by -% against 2017 indices. The growth pace was the most rapid in 2009 with an increase of % y-o-y. Banana and plantain consumption peaked at tonnes in 2017; however, from 2018 to , consumption remained at a lower figure.The size of the banana and plantain market in United States declined to $
in , dropping 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, the total consumption indicated a moderate 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. Based on figures, consumption decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for banana and plantain in United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, 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
Banana and plantain market in United States consists almost entirely of imported products.
Trade Balance
United States remains a net importer of banana and plantain; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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