Bananas are one of the most consumed and cheapest fruits worldwide: they are the most traded fruit and the fifth most traded agricultural product. The global export value of the banana trade was estimated to be US $8 billion in 2016, with a retail value between $20 and 25 billion.
How big is the banana industry?
Based on 2016 export figures, the global banana industry generates around USD 8 billion per year.
What is the market for banana?
Asia-Pacific leads the banana market with a 55.4% share of the global production in 2020. Within Asia-Pacific, India is the largest producer of bananas in the world, with a production of 31,504,000 metric ton from an area of 157,561 hectares in 2020, followed by China, Indonesia, abd Brazil.
How much is the banana trade worth?
At an average import unit value of USD 840 per tonne in 2020 – a rise of 7.4 percent from 2019 – banana shipments from Côte d'Ivoire to France were approximately 26 percent more expensive than those from competing Colombia, which accordingly witnessed a surge in procurements from France by 360 percent in 2020, to 50 ...
How many bananas are sold a year?
More than 100 billion bananas are eaten every year in the world, making them the fourth most popular agricultural product. Americans eat an average of 27 pounds of bananas per person every year.
