Market research

Bananas market in India

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Between 2018 and 2023, India's banana market volume grew from 30.7 million tonnes to 36.1 million tonnes, despite a brief stabilization in 2019. This expansion was underpinned by government initiatives promoting high-tech horticulture, including micro-propagation, protected cultivation, and drip irrigation, alongside private investment in post-harvest technologies. State-owned research institutions such as the National Research Centre for Banana influenced cultivation practices, enhancing yield and quality.

The COVID-19 pandemic in 2020 boosted banana demand due to perceived nutritional and immunity benefits, contributing to market growth. The entry of new players into banana processing and export sectors helped meet this demand. Subsequent export market expansion, supported by government agencies like APEDA and improved logistics, continued to drive growth through 2021-2023.

The development of value-added banana products, including banana flour, powder, and chips, created new market segments. Government schemes such as the PM Formalisation of Micro Food Processing Enterprises encouraged the establishment of processing units. The emergence of banana powder as a major export product to markets like the USA, UK, and Bangladesh became a significant growth driver in 2023.

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, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in India
  1. 5.1.1. Annual dynamics of production in India in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in India 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, 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's exports from India in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from India by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from India in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from India by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from India, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from India by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's exports from India in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from India by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from India in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from India by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from India, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from India by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's imports to India in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to India by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to India in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to India by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to India, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to India by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's imports to India in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to India by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to India in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to India by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to India, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to India by countries, 2018-2024, $ 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, 2018-2024
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 India

In kind, 2017-2020, K t

India was the world's leading producer of bananas from 2017 to 2020.

Top producers of bananas, 2017-2020

Source: SHEV.io

World map of production of bananas, 2017-2020

Source: SHEV.io

In 2020, India produced 32,597 thousand tonnes of bananas, marking a 7.0% increase from the previous year. Over the 2017-2020 period, production grew by 7%, with a compound annual growth rate of 2.3%. The lowest production level was recorded in 2019 at 30,460 thousand tonnes, which saw a decline of 1.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.1%	(1.1%)	7.0%	2.3%

Source: SHEV.io

In value, 2017-2020, M $ US

Following two years of decline, India's banana production value rebounded. In 2020, the output was valued at 15,492 million US dollars, representing a 16.5% increase compared to 2019. However, from 2017 to 2020, overall production value decreased by 6.6%, equivalent to an annualized rate of -2.2%. The lowest value was recorded in 2019 at 13,303 million US dollars, after a significant drop of 11.3% in 2018.

Annual dynamics of production in India in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.3%)	(9.6%)	16.5%	(2.2%)

Source: SHEV.io

Exports bananas from India

Exports in kind, K t

India's banana exports have grown for three consecutive years. In 2020, exports reached 212.0 thousand tonnes, a 22.0% increase from 2019. Over the 2017-2020 period, exports surged by 136%, with a compound annual growth rate of 33.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	29.2%	49.7%	22.0%	33.1%

Source: SHEV.io

From 2017 to 2020, Iran, Nepal, and the United Arab Emirates remained the primary buyers of Indian bananas by volume. Iran accounted for 23.0% of exports, Nepal for 22.8%, and the UAE for 15.6%, together making up 61.4% of total exports in kind.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, M $ US

India's banana export value has risen for the third year in a row. In 2020, exports amounted to 100.8 million US dollars, showing a sharp increase of 32.7% compared to 2019. Between 2017 and 2020, export value grew by 106.1%, translating to an annualized rate of 27.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.4%	36.9%	32.7%	27.3%

Source: SHEV.io

During 2017-2020, Iran, the United Arab Emirates, and Oman were the key markets for Indian banana exports by value. Iran represented 26.1% of exports, the UAE 23.5%, and Oman 14.8%, collectively accounting for 64.3% of total export value.

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

Source: SHEV.io

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

Source: SHEV.io

Imports bananas to India

Imports in kind, K t

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, India's banana import sources were highly concentrated, with Iran being the sole supplier, responsible for 100.0% of imports in kind.

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

Source: SHEV.io

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

Source: SHEV.io