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1,2-Dichloroethane (Ethylene Dichloride)
HS: 290315
PRODCOM: 20141353
1-Cyanoguanidine (Dicyandiamide)
HS: 292620
PRODCOM: 20144360
2,2-Oxydiethanol (Diethylene Glycol, Digol)
HS: 290941
PRODCOM: 20146333
4,4-Isopropylidenediphenol (Bisphenol A; Diphenylolpropane) and Its Salts
HS: 290723
PRODCOM: 20142433
4-Methylpentan-2-One (Methyl Isobutyl Ketone)
HS: 291413
PRODCOM: 20146215
AC/DC Motors
HS: 850120, 850140, 850151, 850152, 850153, 850161, 850162, 850163, 850164
UNCODE: 46112-0
PRODCOM: 27112100, 27112230, 27112250, 27112300, 27112403, 27112405, 27112407, 27112530, 27112540, 27112560, 27112590, 27112610, 27112630, 27112650, 27112670
Abaca (manila hemp or musa textilis nee); processed but not spun, tow, noils and waste, including yarn waste and garnetted stock
HS: 530529
Abaca (manila hemp or musa textilis nee); raw
HS: 530521
Abrasive Products (US Only)
HS: n327910
NAICS: 327910
Abrasive powder or grain; natural or artificial, on a base of materials n.e.s. in heading no. 6805, whether or not cut to shape or sewn or otherwise made up
HS: 680530
Abrasive powder or grain; natural or artificial, on a base of paper or paperboard only, whether or not cut to shape or sewn or otherwise made up
HS: 680520
Abrasive powder or grain; natural or artificial, on a base of textile material, of paper, paperboard or of other material, whether or not cut to shape or sewn or otherwise made up
HS: 6805
Abrasive powder or grain; natural or artificial, on a base of woven textile fabric only, whether or not cut to shape or sewn or otherwise made up
HS: 680510
Abrasives (Natural)
HS: 2513
UNCODE: 16320-2
PRODCOM: 08992200, 08992220, 08992230
NAICS: 3279101, 3279104
Accordions and Mouth Organs
HS: 920590
PRODCOM: 32201340
Accordions and similar instruments; mouth organs
HS: 9204
Accounting machines
HS: 847040
Acetals and Hemiacetals and Their Halogenated; Sulphonated; Nitrated or Nitrosated Derivatives
HS: 2911
PRODCOM: 20146380
Acetals and hemiacetals; whether or not with other oxygen function, and their halogenated, sulphonated, nitrated or nitrosated derivatives
HS: 291100
Acetic Acid
HS: 291521
PRODCOM: 20143271
Acetic Anhydride
HS: 291524
PRODCOM: 20143277
Acetone
HS: 291411
PRODCOM: 20146211
Acid and Mordant Dyes and Preparations Based Thereon
HS: 320412
PRODCOM: 20122120
Acid oils from refining
HS: 151920
Acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esters
HS: 291713
Acids; acyclic polycarboxylic acids; n.e.s. in item no. 2917.1
HS: 291719
Acids; acyclic polycarboxylic acids; oxalic acid, its salts and esters
HS: 291711
Acids; aromatic monocarboxylic acids, binapacryl (ISO)
HS: 291636
Acids; aromatic monocarboxylic acids, esters of phenylacetic acid
HS: 291635
Acids; aromatic monocarboxylic acids, n.e.s. in item no. 2916.3
HS: 291639
Acids; aromatic monocarboxylic acids, phenylacetic acid and its salts
HS: 291634
Acids; aromatic monocarboxylic acids; phenylacetic acid, its salts and esters
HS: 291633
Acids; aromatic polycarboxylic acids; dibutyl orthophthalates
HS: 291731
Acids; aromatic polycarboxylic acids; dimethyl terephthalate
HS: 291737
Acids; aromatic polycarboxylic acids; dinonyl or didecyl orthophthalates
HS: 291733
Acids; aromatic polycarboxylic acids; dioctyl orthophthalates
HS: 291732
Acids; aromatic polycarboxylic acids; n.e.s. in item no. 2917.3
HS: 291739
Acids; aromatic polycarboxylic acids; other esters of orthophthalic acids
HS: 291734
Acids; aromatic polycarboxylic acids; phthalic anhydride
HS: 291735
Acids; aromatic polycarboxylic acids; terephthalic acid and its salts
HS: 291736
Acids; carboxylic acid with additional oxygen function and their anhydrides, halides, peroxides, peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives
HS: 2918
Acids; carboxylic acids, (with alcohol function but without other oxygen function), chlorobenzilate (ISO)
HS: 291818
Acids; carboxylic acids, (with alcohol function but without other oxygen function), citric acid
HS: 291814
Acids; carboxylic acids, (with alcohol function but without other oxygen function), gluconic acid, its salts and esters
HS: 291816
Acids; carboxylic acids, (with alcohol function but without other oxygen function), lactic acid, its salts and esters
HS: 291811
Acids; carboxylic acids, (with alcohol function but without other oxygen function), n.e.s. in item no. 2918.1
HS: 291819
Acids; carboxylic acids, (with alcohol function but without other oxygen function), phenylglycolic acid (mandelic acid), its salts and esters
HS: 291817
Acids; carboxylic acids, (with alcohol function but without other oxygen function), salts and esters of citric acid
HS: 291815
Acids; carboxylic acids, (with alcohol function but without other oxygen function), tartaric acid
HS: 291812
Acids; carboxylic acids, (with alcohol function but without other oxygen function); salts and esters of tartaric acid
HS: 291813
Region/Country
Period 2007-2020
Updated May 11, 2022 14:45
Period 2007-2020

Global Banana Market

Market Overview
Production
Imports
Exports
Most Promising Products for Diversification
Most Promising Supplying Countries
Most Promising Overseas Markets
Company Profiles
Market Overview
In , the global banana market increased by % to $, rising for the fourth consecutive year after three years of decline. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2014 to , the growth of the global market failed to regain the momentum.

In value terms, banana production reached $ in estimated in export prices. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. from 2014 to , global production growth failed to regain the momentum.

The country with the largest volume of banana production was India ( tonnes), accounting for % of total volume. Moreover, banana production in India exceeded the figures recorded by the second-largest producer, China ( tonnes), threefold. The third position in this ranking was occupied by Indonesia ( tonnes), with a % share.

From 2012 to , the average annual rate of growth in terms of volume in India totaled +%. In the other countries, the average annual rates were as follows: China (-% per year) and Indonesia (+% per year).

The global average banana yield was estimated at tonnes per ha in , remaining constant against the previous year's figure. The yield figure increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2018 with an increase of % y-o-y. Over the period under review, the average banana yield hit record highs in and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In , the total area harvested in terms of bananas production worldwide amounted to ha, almost unchanged from the year before. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by % y-o-y. Over the period under review, the harvested area dedicated to banana production attained the peak figure at ha in 2013; however, from 2014 to , the harvested area failed to regain the momentum.
{"0": {"data": {"2016": 71.298216913, "2017": 74.498007723, "2018": 74.763818977, "2019": 74.806877199, "2020": 76.942518388, "2012": 72.826683726, "2013": 78.552004059, "2014": 75.655807535, "2015": 73.044112325}, "type": "combochart", "header": "Market Value (billion USD)"}}


Consumption
In , the amount of bananas consumed worldwide reached tonnes, growing by % on the previous year. The total consumption volume increased at an average annual rate of +% from 2012 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of % year-to-year. Over the period under review, global consumption attained the maximum volume in and is likely to see steady growth in years to come.

The global banana market value expanded modestly to $ in , growing 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 recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by % y-o-y. As a result, consumption reached the peak level of $. from 2014 to , the growth of the global market remained at a somewhat lower figure.
{"0": {"data": {"2016": 110.758202871, "2017": 113.643457731, "2018": 117.499722274, "2019": 117.772534864, "2020": 121.077621503, "2012": 109.588142323, "2013": 112.525530408, "2014": 110.210744498, "2015": 111.415754967}, "type": "combochart", "header": "Market Volume (million tonnes)"}}


Consumption By Country
The country with the largest volume of banana consumption was India ( tonnes), accounting for % of total volume. Moreover, banana consumption in India exceeded the figures recorded by the second-largest consumer, China ( tonnes), twofold. The third position in this ranking was occupied by Indonesia ( tonnes), with a % share.

From 2012 to , the average annual rate of growth in terms of volume in India totaled +%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+% per year) and Indonesia (+% per year).

In value terms, the largest banana markets worldwide were India ($), China ($) and Indonesia ($), together comprising % of the global market. The Philippines, Angola, Kenya, Brazil, Tanzania, United States, Peru, Vietnam, Mexico and Guatemala lagged somewhat behind, together comprising a further %.

Kenya saw the highest growth rate of market size, among the main consuming countries over the period under review, while banana market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of banana per capita consumption in were Angola ( kg per person), Guatemala ( kg per person) and Peru ( kg per person).

From 2012 to , the biggest increases were in Guatemala, while banana per capita consumption for the other global leaders experienced more modest paces of growth.
{"0": {"data": {"Brazil": 6.6, "Angola": 4.1, "Mexico": 1.9, "Philippines": 3.9, "Indonesia": 8.2, "India": 31.3, "United States": 4.1, "Guatemala": 2.1, "Vietnam": 2.2, "China": 13.2, "Peru": 2.1, "Others": 36.1, "Kenya": 1.9, "Tanzania": 3.4}, "type": "piechart", "header": "Market Volume (million tonnes)"}, "1": {"data": {"Brazil": {"2016": 2.1, "2017": 1.9, "2018": 1.9, "2019": 2.1, "2020": 2.0, "2012": 2.5, "2013": 2.4, "2014": 2.5, "2015": 2.1}, "Angola": {"2016": 2.3, "2017": 2.4, "2018": 2.5, "2019": 2.5, "2020": 2.6, "2012": 2.0, "2013": 2.1, "2014": 2.4, "2015": 2.3}, "Mexico": {"2016": 1.1, "2017": 1.0, "2018": 1.1, "2019": 1.1, "2020": 1.2, "2012": 1.0, "2013": 1.0, "2014": 1.0, "2015": 1.1}, "Philippines": {"2016": 3.1, "2017": 2.8, "2018": 2.7, "2019": 2.2, "2020": 3.0, "2012": 5.0, "2013": 5.0, "2014": 2.5, "2015": 2.8}, "Indonesia": {"2016": 4.8, "2017": 4.3, "2018": 3.9, "2019": 4.1, "2020": 4.5, "2012": 6.1, "2013": 5.4, "2014": 5.1, "2015": 4.8}, "India": {"2016": 15.7, "2017": 16.6, "2018": 15.1, "2019": 13.9, "2020": 15.3, "2012": 15.0, "2013": 19.4, "2014": 18.5, "2015": 18.1}, "United States": {"2016": 2.1, "2017": 2.2, "2018": 2.3, "2019": 2.2, "2020": 2.0, "2012": 2.0, "2013": 2.1, "2014": 2.1, "2015": 2.1}, "Guatemala": {"2016": 0.8, "2017": 0.8, "2018": 1.0, "2019": 1.1, "2020": 1.1, "2012": 0.7, "2013": 0.8, "2014": 0.8, "2015": 0.8}, "Vietnam": {"2016": 1.0, "2017": 1.1, "2018": 1.2, "2019": 1.3, "2020": 1.4, "2012": 0.7, "2013": 0.6, "2014": 0.8, "2015": 0.9}, "China": {"2016": 10.7, "2017": 12.6, "2018": 12.4, "2019": 13.2, "2020": 12.5, "2012": 9.6, "2013": 9.4, "2014": 12.0, "2015": 10.5}, "Peru": {"2016": 1.4, "2017": 1.3, "2018": 1.4, "2019": 1.4, "2020": 1.5, "2012": 1.3, "2013": 1.4, "2014": 1.5, "2015": 1.5}, "Kenya": {"2016": 1.3, "2017": 1.6, "2018": 1.9, "2019": 2.2, "2020": 2.4, "2012": 1.1, "2013": 1.2, "2014": 1.4, "2015": 1.2}, "Tanzania": {"2016": 2.0, "2017": 2.4, "2018": 2.9, "2019": 2.9, "2020": 2.0, "2012": 1.9, "2013": 1.8, "2014": 1.9, "2015": 2.0}}, "type": "linechart", "header": "Market Value (billion USD)"}}


Market Forecast
Driven by increasing demand for banana worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, 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 .
{"0": {"data": {"2016": 110.758202871, "2017": 113.643457731, "2018": 117.499722274, "2019": 117.772534864, "2020": 121.077621503, "2021": 122.789904792, "2022": 123.944750162, "2023": 125.333465602, "2024": 126.912929006, "2025": 128.666079996, "2026": 130.579871712, "2027": 132.644528222, "2028": 134.852961004, "2029": 137.2003096, "2030": 139.68357983, "2012": 109.588142323, "2013": 112.525530408, "2014": 110.210744498, "2015": 111.415754967}, "type": "combochart", "header": "Market Volume (million tonnes)"}}


Market Overview
Consumption
Consumption By Country
Consumption By Type
Market Forecast
Market Structure
Trade Balance
Production
Production By Country
Production By Type
Harvested Area
Harvested Area By Country
Harvested Area By Type
Producing Animals
Producing Animals By Country
Producing Animals By Type
Yield
Yield By Country
Yield By Type
Imports
Imports By State
Imports By Country
Imports By Type
Import Prices By State
Import Prices By Type
Import Prices By Country
Exports
Exports By State
Exports By Country
Exports By Type
Export Prices By State
Export Prices By Type
Export Prices By Country
Top Products To Diversify Your Business
Best-Selling Products
Most Consumed Product
Most Traded Product
Most Profitable Product for Export
Top Countries To Source Your Product
Top Producing Countries
Countries With Top Yields
Top Exporting Countries
Low-cost Exporting Countries
Top Overseas Markets For Exporting Your Product
Top Consuming Markets
Unsaturated Markets
Top Importing Markets
Most Profitable Markets
Top Producers
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