Market research

Bananas market in Malaysia

Bananas market in Malaysia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:
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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2021, the banana market volume in Malaysia showed fluctuations, with a peak of 329.6 thousand tons in 2019 followed by a contraction to 313.6 thousand tons in 2020 before recovering to 321.9 thousand tons in 2021. The market value mirrored this volatility, declining from USD 115.9 million in 2018 to USD 103.1 million in 2020, then edging up to USD 105.0 million the following year.

In 2022, high market demand for bananas made cultivation a primary choice for farmers due to more stable returns compared to other crops, supporting production stability. Improved quality and quantity of the Berangan variety boosted wholesale prices, contributing to a market volume increase to 330.3 thousand tons and a value rise to USD 108.6 million.

The market expansion accelerated in 2023, with volume surging by 7% to 353.4 thousand tons and value reaching USD 115.1 million, reflecting sustained demand and favorable conditions for banana consumption and trade.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 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. 4.1.2. In value
        1. 4.1.2.1. Production, 2018-2023
        2. 4.1.2.2. Imports, 2018-2025
        3. 4.1.2.3. Exports, 2018-2025
        4. 4.1.2.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in Malaysia
      1. 5.1.1. Annual dynamics of production in Malaysia in kind, 2018-2023, K t
      2. 5.1.2. Annual dynamics of production in Malaysia 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. 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 Malaysia in kind, 2018-2025, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Malaysia 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 Malaysia in value, 2018-2025, K $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Malaysia 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 Malaysia, 2018-2025, $ US/t
        2. 6.1.4.2. Dynamics of average price of product's imports to Malaysia 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 Malaysia in kind, 2018-2025, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Malaysia 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 Malaysia in value, 2018-2025, K $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Malaysia 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 Malaysia, 2018-2025, $ US/t
        2. 6.2.4.2. Dynamics of average price of product's imports to Malaysia by countries, 2018-2025, $ US/t
  7. 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 Malaysia in kind, 2018-2025, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Malaysia 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 Malaysia in value, 2018-2025, K $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Malaysia 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 Malaysia, 2018-2025, $ US/t
        2. 7.1.4.2. Dynamics of average price of product's exports from Malaysia 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 Malaysia in kind, 2018-2025, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Malaysia 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 Malaysia in value, 2018-2025, K $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Malaysia 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 Malaysia, 2018-2025, $ US/t
        2. 7.2.4.2. Dynamics of average price of product's exports from Malaysia by countries, 2018-2025, $ US/t
  8. 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. 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 Malaysia

In kind, 2018-2021, K t

Top producers of bananas, 2018-2021

Source: SHEV.io

World map of production of bananas, 2018-2021

Source: SHEV.io

After a two-year decline, banana production in Malaysia rebounded in 2021. That year, Malaysia produced 330.3 thousand tonnes of bananas, marking a 5.2% year-over-year increase. Production had reached its lowest point in 2020 at 313.8 thousand tonnes, following the largest annual decline of 3.6% recorded that same year.

Annual dynamics of production in Malaysia in kind, 2018-2021, K t

Parameter201920202021CAGR
1Change from last year(1.7%)(3.6%)5.2%(0.1%)
Source: SHEV.io

In value, 2018-2021, M $ US

Following a two-year decrease, the value of Malaysia's banana production showed an upturn in 2021. Output was valued at 102.9 million US dollars, reflecting a moderate 6.0% rise compared to the previous year. From 2018 to 2021, overall production value fell by 10.8%, which translates to an average annual decline of 3.7%. The lowest value was recorded in 2020 at 97.0 million US dollars, while the most significant drop occurred in 2019 with an 11.2% decrease.

Annual dynamics of production in Malaysia in value, 2018-2021, M $ US

Parameter201920202021CAGR
1Change from last year(11.2%)(5.2%)6.0%(3.7%)
Source: SHEV.io

Exports bananas from Malaysia

Exports in kind, t

Malaysia's banana exports grew for the second year in a row in 2021. Exports reached 32 085 tonnes, up 14.3% from the previous year. Over the 2018-2021 period, exports increased by 32.8%, with a compound annual growth rate of 9.9%. The lowest export volume was in 2019 at 23 983 tonnes, which also saw a slight decline of 0.8%. In contrast, the largest increase was recorded in 2020 with a 17.0% rise.

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

Parameter201920202021CAGR
1Change from last year(0.8%)17.0%14.3%9.9%
Source: SHEV.io

From 2018 to 2021, Singapore was the overwhelmingly dominant market for Malaysia's banana exports in volume terms, accounting for 97.8% of the total.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The value of bananas exported from Malaysia rose for the second consecutive year in 2021. Export value totaled 9 995 thousand US dollars, showing a notable 15.2% increase from the year before. Between 2018 and 2021, export value grew by 18.7%, with a compound annual growth rate of 5.9%. The lowest value was in 2019 at 7 541 thousand US dollars, which also experienced the largest decline of 10.4% that year.

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

Parameter201920202021CAGR
1Change from last year(10.4%)15.1%15.2%5.9%
Source: SHEV.io

During the 2018-2021 period, Singapore dominated the structure of Malaysia's banana exports in value terms, holding a 97.9% share of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports bananas to Malaysia

Imports in kind, t

Malaysia's banana imports declined for the second straight year in 2021. Imports amounted to 23 701 tonnes, representing a significant 15.0% drop from the prior year. However, over the 2018-2021 span, imports increased by 41.8%, with a compound annual growth rate of 12.4%. The peak import volume was in 2019 at 28 103 tonnes, which also saw the largest annual increase of 68.2%.

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

Parameter201920202021CAGR
1Change from last year68.2%(0.8%)(15.0%)12.4%
Source: SHEV.io

From 2018 to 2021, the Philippines, Vietnam, and Thailand were the key partners for Malaysia's banana imports in volume terms. The Philippines accounted for 45.1% of imports, Vietnam for 33.3%, and Thailand for 12.5%, together making up 90.9% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Malaysia's banana import value fell for the second consecutive year in 2021. Imports came to 12 129 thousand US dollars, down 17.9% from the previous year. Over the 2018-2021 period, import value increased by 35.1%, with a compound annual growth rate of 10.6%. The highest value was recorded in 2019 at 14 810 thousand US dollars, which also experienced the largest annual increase of 65.0%.

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

Parameter201920202021CAGR
1Change from last year65.0%(0.2%)(17.9%)10.6%
Source: SHEV.io

In the 2018-2021 period, the Philippines and Vietnam formed a dominant pair for Malaysia's banana imports in value terms, jointly accounting for 84.7% of total flows, with other countries making up the remainder.

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

Source: SHEV.io

World map of product's imports to Malaysia in value, 2018-2021

Source: SHEV.io

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