Market research

Bananas market in Jamaica

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The volume of Jamaica's banana market declined from 65 692 tonnes in 2018 to 61 590 tonnes in 2020. This was followed by a recovery phase, with market volume growing to 72 003 tonnes by 2022 before a slight contraction to 69 571 tonnes in 2023.

In value terms, the market demonstrated a strong upward trend, increasing from USD 60.8 million in 2018 to USD 95.1 million in 2023. This growth in market value occurred despite fluctuations in physical volume, indicating a rise in average prices or a shift towards higher-value products over the period.

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 Jamaica
  1. 5.1.1. Annual dynamics of production in Jamaica in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Jamaica 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. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Jamaica in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Jamaica by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Jamaica in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Jamaica by countries, 2018-2024, K $ 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/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Jamaica, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Jamaica by countries, 2018-2024, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Jamaica in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Jamaica by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Jamaica in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Jamaica by countries, 2018-2024, K $ 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/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Jamaica, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Jamaica by countries, 2018-2024, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, K $ 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/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Jamaica in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Jamaica by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Jamaica in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Jamaica by countries, 2018-2024, K $ 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/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Jamaica, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Jamaica by countries, 2018-2024, $ US/kg
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, 2018-2024
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 Jamaica

In kind, 2017-2020, t

Top producers of bananas, 2017-2020

Source: SHEV.io

World map of production of bananas, 2017-2020

Source: SHEV.io

Jamaica's banana production volume declined for the second year in a row. In 2020, the country produced 62,257 tonnes of bananas, marking a 2.2% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 3.9%, which translates to an average annual decline of 1.3%. The highest production level was recorded in 2018 at 66,381 tonnes, with the largest increase of 2.4% occurring that year. In contrast, the largest decline of 4.1% was observed in 2019.

Annual dynamics of production in Jamaica in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.4%	(4.1%)	(2.2%)	(1.3%)

Source: SHEV.io

In value, 2017-2020, K $ US

In 2020, Jamaica's banana output was valued at 68,090 thousand US dollars, representing a 3.5% drop from the previous year. The lowest value was recorded in 2018 at 61,410 thousand US dollars, which saw the largest decline of 10.1%. The highest value occurred in 2019 at 70,582 thousand US dollars, with the largest increase of 14.9% that year.

Annual dynamics of production in Jamaica in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.1%)	14.9%	(3.5%)	(0.1%)

Source: SHEV.io

Exports bananas from Jamaica

Exports in kind, t

Market performance showed significant fluctuations during this period. Jamaica exported 666.8 tonnes of bananas in 2020, which is 22.5% higher than in 2019. The highest export volume was recorded in 2018 at 688.9 tonnes, with the largest increase of 1,498.2% that year. The largest decline of 21.0% occurred in 2019. Import levels varied widely, with a 16-fold difference between the high in 2018 and the low in 2017.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 498.2%	(21.0%)	22.5%	149.2%

Source: SHEV.io

From 2017 to 2020, Canada and the Cayman Islands were the dominant export partners for Jamaica's bananas in kind. Canada accounted for 47.1% of total flows, while the Cayman Islands made up 40.7%, together forming 87.8% of total exports. Other partners contributed the remaining volume.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Market performance exhibited notable fluctuations during this period. Jamaica exported 729.3 thousand US dollars worth of bananas in 2020, which is 20.8% higher year-over-year. The highest export value was recorded in 2020, while the lowest was in 2017, reflecting a 16-fold gap between these years. The largest decline of 5.3% occurred in 2019, and the largest increase of 1,302.2% was recorded in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1 302.2%	(5.3%)	20.8%	152.2%

Source: SHEV.io

From 2017 to 2020, Jamaica's banana exports in value terms were highly concentrated on Canada and the Cayman Islands. Together, these two markets accounted for 90.3% of total flows, with other partners forming a small residual share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports bananas to Jamaica

Imports in kind, t

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

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

Source: SHEV.io

Between 2017 and 2020, Jamaica's banana imports in kind were entirely dependent on the United States, which accounted for 100.0% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

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

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

Source: SHEV.io

From 2017 to 2020, the United States remained the overwhelmingly dominant supplier of bananas to Jamaica in value terms, accounting for 100.0% of total imports.

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

Source: SHEV.io

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

Source: SHEV.io