Market research

Bananas market in Asia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

Banana production in Asia increased steadily from 62 511 thousand tons in 2018 to 72 148 thousand tons in 2023, driven by the adoption of high-quality commercial cultivation techniques. These included micro-propagation, drip irrigation, and integrated nutrient management, alongside government promotions and planning drives to boost output. The use of tissue-culture saplings and organic farming further enhanced yields and fruit quality.

The market volume for fresh bananas saw fluctuations between 2020 and 2023. It began at 69 544 thousand tons in 2020, edged down slightly to 69 049 thousand tons in 2021, then rose to 71 815 thousand tons in 2022. A sharp decline to 35 833 thousand tons occurred in 2023, primarily due to a surge in exports to 39 846 thousand tons that year. This export spike was supported by continuous improvements in farming practices and active government export promotion, including the successful exploration of new markets such as Russia.

Imports of bananas declined from 4 140 thousand tons in 2020 to 3 532 thousand tons in 2023, with a slight recovery in 2024. The industry diversified with the emergence of value-added banana products like vacuum-fried chips and banana flour, creating new product segments. Consumer preferences also shifted towards premium and processed banana items, influencing market trends alongside global factors such as supply chain disruptions and changes in international tariffs.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2020-2024
    3. 4.1.1.3. Exports, 2020-2024
    4. 4.1.1.4. Market size, 2020-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2020-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2020-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2020-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2020-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2020-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2020-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2020-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2020-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2020-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2020-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2020-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2020-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2020-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2020-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2020-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2020-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2020-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2020-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2020-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2020-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2020-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2020-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2020-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2020-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2020-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2020-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2020-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2020-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2020-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2020-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2020-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2020-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2020-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production bananas in Asia

In kind, 2017-2020, K t

Top producers of bananas, 2017-2020

Source: SHEV.io

World map of production of bananas, 2017-2020

Source: SHEV.io

Asia's banana production grew for the third year in a row. In 2020, the region produced 65 926 thousand tonnes of bananas, marking a 5.4% increase from the previous year. From 2017 to 2020, production rose by 7.1%, which translates to an average annual growth rate of 2.3%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.6%	0.1%	5.4%	2.3%

Source: SHEV.io

Exports bananas from Asia

Exports in kind, K t

The market showed significant fluctuations during this period. The lowest export volume was recorded in 2018 at 22 thousand tonnes, while the peak occurred in 2020 with 522 thousand tonnes—a staggering 1 578.3% increase from 2019. The difference between these years was a 24-fold variation. The largest decline was observed in 2018, at 10.5%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.5%)	42.7%	1 578.3%	177.8%

Source: SHEV.io

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

After two years of growth, banana exports from Asia declined. The highest value was in 2019 at 2 466 million US dollars, but by 2020, exports dropped to 2 224 million US dollars, a decrease of 9.8% from the previous year. From 2017 to 2020, exports overall increased by 47.8%, with a compound annual growth rate of 13.9%. The largest increase was in 2018, at 35.0%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	35.0%	21.3%	(9.8%)	13.9%

Source: SHEV.io

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports bananas to Asia

Imports in kind, K t

The market experienced volatility during these years. The lowest import volume was in 2018 at 1 441 thousand tonnes, while the peak was in 2020 with 4 140 thousand tonnes—a 140.3% rise from 2019. The difference between these years was 2.9 times. The largest decline occurred in 2018, at 4.1%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.1%)	19.6%	140.3%	40.2%

Source: SHEV.io

From 2017 to 2020, bananas were imported into Asia from numerous countries. Even the top three sources—Ecuador, Mexico, and Colombia—combined accounted for only 30.2% of total imports in volume.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Following two years of growth, banana imports into Asia decreased. The highest value was in 2019 at 3 202 million US dollars, but by 2020, imports fell to 3 103 million US dollars, a moderate decline of 3.1% from the previous year. From 2017 to 2020, imports overall increased by 16.7%, with a compound annual growth rate of 5.3%. The largest increase was in 2018, at 11.9%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.9%	7.6%	(3.1%)	5.3%

Source: SHEV.io

The import structure in value terms from 2017 to 2020 was highly diversified. The leading suppliers—Ecuador (25.6% of import value), Mexico (2.4%), and Colombia (1.2%)—together made up just 29.2% of total flows, with no single country dominating the market.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io