Market research

Bananas market in Bhutan

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The volume of Bhutan's banana market fluctuated significantly between 2018 and 2023. After reaching a peak of 4 426 t in 2019, market size fell to 3 739 t in 2020 before recovering to 4 260 t in 2021. A subsequent dip to 3 892 t in 2022 was followed by a rise to 4 252 t in 2023, leaving the market slightly larger than at the start of the period.

Domestic production showed considerable volatility, surging to 3 754 t in 2019 then declining to around 2 100-2 300 t in 2022-2023. In contrast, imports grew steadily from 578 t in 2018 to over 1 900 t by 2023, indicating an increasing dependence on imported bananas to sustain market volume.

India has been the primary source for Bhutan's banana imports, with shipments worth approximately US$773.57 thousand in 2024. This external supply relationship remained a key feature of the market through 2025, although no major domestic production initiatives or regulatory changes were reported.

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, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bhutan
  1. 5.1.1. Annual dynamics of production in Bhutan in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Bhutan in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, 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, 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, t
    1. 6.1.2.1. Annual dynamics of product's imports to Bhutan in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Bhutan, 2018-2025, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Bhutan in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  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 Bhutan, 2018-2025, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Bhutan in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Bhutan by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Bhutan in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Bhutan by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Bhutan, 2018-2025, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Bhutan by countries, 2018-2025, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Bhutan in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Bhutan by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Bhutan in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Bhutan by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2025
  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 Bhutan, 2018-2025, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Bhutan by countries, 2018-2025, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
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 Bhutan

In kind, 2018-2021, t

Top producers of bananas, 2018-2021

Source: SHEV.io

World map of production of bananas, 2018-2021

Source: SHEV.io

In 2021, Bhutan produced 3,174 tonnes of bananas, representing a 0.8% increase compared to the previous year. Between 2018 and 2021, production grew by 14.9%, which translates to an average annual growth rate of 4.7%. The highest production level was recorded in 2019 at 3,754 tonnes, marking a significant 35.9% increase. However, production experienced its sharpest decline in 2020, dropping by 16.1%.

Annual dynamics of production in Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	35.9%	(16.1%)	0.8%	4.7%

Source: SHEV.io

Exports bananas from Bhutan

Exports in kind, t

Annual dynamics of product's exports from Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, Bhutan's export structure in physical terms was highly concentrated, with India accounting for 100.0% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bhutan in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Bhutan in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2018–2021 period, the value-based export structure was dominated by a single market: India, which represented 100.0% of total export flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Bhutan in value, 2018-2021

Source: SHEV.io

Imports bananas to Bhutan

Imports in kind, t

The data shows irregular changes, indicating a volatile market environment. Import volumes reached their lowest point in 2018 and peaked in 2021, representing a 1.9-fold increase between these years. In 2021, banana deliveries to Bhutan totaled 1,087 tonnes, an 84.6% increase from the previous year. The largest decline occurred in 2020, with a 12.6% drop.

Annual dynamics of product's imports to Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	16.4%	(12.6%)	84.6%	23.4%

Source: SHEV.io

Throughout 2018–2021, imports in physical terms remained heavily focused on India, which accounted for 100.0% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bhutan in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Banana imports to Bhutan increased for the third consecutive year. In 2021, imports amounted to 563.8 thousand US dollars, marking a 196.7% year-over-year increase. Between 2018 and 2021, imports grew by 218.3%, equating to an average annual growth rate of 47.1%.

Annual dynamics of product's imports to Bhutan in value, 2018-2021, K $ US