Southern Asia: Banana Market 2024

Banana Market Size in Southern Asia

The South Asian banana market amounted to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Banana Production in Southern Asia

In value terms, banana production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

India (X tons) remains the largest banana producing country in Southern Asia, accounting for X% of total volume. It was followed by Bangladesh (X tons), with a X% share of total production.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled X%.

The average banana yield stood at X tons per ha in 2022, remaining stable against the year before. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the banana yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The banana harvested area declined modestly to X ha in 2022, leveling off at 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Banana Exports

Exports in Southern Asia

For the fifth year in a row, Southern Asia recorded growth in overseas shipments of bananas, which increased by X% to X tons in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, banana exports surged to $X in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the key exporter of bananas, comprising X% of total exports. It was distantly followed by Pakistan (X tons), achieving a X% share of total exports.

India was also the fastest-growing in terms of the bananas exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest banana supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, banana exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Banana Imports

Imports in Southern Asia

In 2022, supplies from abroad of bananas increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, banana imports dropped to $X in 2022. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Afghanistan (X tons) and Nepal (X tons) prevails in imports structure, together committing X% of total imports. Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Maldives (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X) constitutes the largest market for imported bananas in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Nepal ($X), with a X% share of total imports.

In Afghanistan, banana imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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