Market research

Bananas market in Oceania

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Oceania" region includes following countries:

Australia

Christmas Island

Cocos (Keeling) Islands

Heard Island and McDonald Islands

New Zealand

Norfolk Island

Solomon Islands

Fiji

New Caledonia

Vanuatu

Papua New Guinea

Kiribati

Guam

Nauru

Northern Mariana Islands

United States Minor Outlying Islands

Micronesia

Marshall Islands

Palau

American Samoa

Cook Islands

French Polynesia

Niue

Pitcairn Islands

Tokelau

Tonga

Tuvalu

Wallis and Futuna Islands

Samoa

Earlier Report Observations

The banana market in Oceania showed notable fluctuations between 2018 and 2021. Starting at 1 738 thousand tons in 2018, the market volume declined to 1 668 thousand tons in 2019, then recovered to 1 731 thousand tons in 2020 and reached a peak of 1 814 thousand tons in 2021. The region, particularly Papua New Guinea, is characterized by a rich diversity of banana species, which supports local agricultural sustainability and food security.

After the 2021 peak, the market contracted slightly to 1 775 thousand tons in 2022 before a modest increase to 1 788 thousand tons in 2023. In 2023, banana prices in New Zealand rose by 15% year-on-year, driven by weather and supply factors, coinciding with the small volume growth. In 2024, key developments included regulatory approval for GMO bananas in Australia and New Zealand, a growing consumer focus on organic and premium varieties, and technological investments aimed at improving production efficiency and supply chain management.

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. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Oceania
  1. 5.1.1. Annual dynamics of production in Oceania 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. 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 Australia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Australia 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 Australia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Australia 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Australia 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, t
    1. 6.2.2.1. Annual dynamics of product's exports from Australia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Australia 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 Australia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Australia 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/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Australia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Australia 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, t
    1. 7.1.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Australia 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 Australia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Australia 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Australia 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, t
    1. 7.2.2.1. Annual dynamics of product's imports to Australia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Australia 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 Australia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Australia 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/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Australia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Australia by countries, 2018-2024, $ 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, 2018-2024
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 Oceania

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

After two consecutive years of decline, banana production in Oceania saw an increase. In 2020, the region produced 1 644 thousand tonnes of bananas, marking a modest 4.0% rise compared to 2019. Over the 2017-2020 period, production overall decreased by 3.2%, with a compound annual growth rate of 1.1%. The lowest production level was recorded in 2019 at 1 581 thousand tonnes, which also saw the largest decline of 4.2%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.8%)	(4.2%)	4.0%	(1.1%)

Source: SHEV.io

In value, 2017-2020, M $ US

Banana production value in Oceania declined for the second year in a row. In 2020, the output was valued at 1 852 million US dollars, representing a significant 13.4% drop from the previous year. From 2017 to 2020, production value fell by 18.3%, with a compound annual growth rate of 6.5%. The peak value occurred in 2018 at 2 355 million US dollars, which also experienced the largest increase of 3.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.8%	(9.2%)	(13.4%)	(6.5%)

Source: SHEV.io

Exports bananas from Oceania

Exports in kind, t

In 2020, banana exports from Oceania amounted to 125 tonnes, down 34.6% year-over-year. Between 2017 and 2020, exports decreased by 33.9%, equivalent to an annualized rate of 12.9%. The highest export volume was recorded in 2019 at 191 tonnes, which also saw the largest increase of 11.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(9.3%)	11.5%	(34.6%)	(12.9%)

Source: SHEV.io

From 2017 to 2020, Japan, Singapore, and Hong Kong were the leading destinations for banana exports from Oceania in volume terms. Japan accounted for 43.7% of exports, Singapore for 5.5%, and Hong Kong for 4.2%, together making up 53.4% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

In 2020, banana exports from Oceania totaled 141 thousand US dollars, showing a sharp 45.5% decrease compared to 2019. Over the 2017-2020 period, exports fell by 44.2%, with an annualized rate of 17.7%. The maximum value was reached in 2019 at 259 thousand US dollars, which also recorded the largest increase of 5.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.0%)	5.6%	(45.5%)	(17.7%)

Source: SHEV.io

During 2017-2020, Japan, Singapore, and Hong Kong led the value structure of banana exports from Oceania. Japan represented 39.5% of exports in value terms, Singapore 10.6%, and Hong Kong 9.4%, collectively accounting for 59.5% of total export flows.

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

Source: SHEV.io

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

Source: SHEV.io

Imports bananas to Oceania

Imports in kind, t

In 2020, banana imports into Oceania totaled 86 867 tonnes, showing minimal change year-over-year. The lowest import volume was recorded in 2019 at 86 699 tonnes, while the peak was in 2018 at 88 699 tonnes. The largest decline occurred in 2019 at 2.3%, and the largest increase was in 2018 at 0.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	0.9%	(2.3%)	0.2%	(0.4%)

Source: SHEV.io

From 2017 to 2020, Ecuador dominated banana imports into Oceania in volume terms, accounting for 77.9% of total flows, with the remainder spread across a fragmented group of other markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

In 2020, Oceania imported bananas worth 70 813 thousand US dollars, a slight decrease of 1.4% from the previous year. The minimum value was in 2018 at 69 235 thousand US dollars, and the maximum was in 2019 at 71 800 thousand US dollars. The largest decline was in 2018 at 1.9%, while the largest increase was in 2019 at 3.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.9%)	3.7%	(1.4%)	0.1%

Source: SHEV.io

Over the 2017-2020 period, Ecuador was the dominant source for banana imports into Oceania in value terms, representing 74.9% of total flows, with the rest distributed among various smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io