Banana Market Overview in the USA
In value terms, banana production fell to $ in 2019. Overall, production showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Banana production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The average yield of bananas in the U.S. contracted slightly to tonnes per ha in 2019, with a decrease of -% on the year before. Overall, the yield saw a pronounced curtailment. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. The banana yield peaked at tonnes per ha in 2007; however, from 2008 to 2019, the yield failed to regain the momentum. 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 the U.S.; waning by -% compared with the previous year's figure. Over the period under review, the harvested area showed a deep setback. The pace of growth was the most pronounced in 2018 when the harvested area increased by % y-o-y. The banana harvested area peaked at ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.
The value of the banana market in the U.S. declined modestly to $ in 2019, shrinking 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). In general, consumption, however, showed a prominent increase. The growth pace was the most rapid in 2009 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2018, and then fell in the following year.