Market research

Bananas market in the United States

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The U.S. banana market volume decreased from 4.2 million tons in 2018 to 4.1 million tons in 2023, with the most notable decline occurring in 2019. During the same period, the market's value fluctuated but ultimately rose from $2.2 billion to $2.3 billion, led by a significant increase in 2023.

Following the 2019 contraction, physical market volume stabilized through 2022, hovering around 4.0 to 4.1 million tons annually. The market's value experienced intermittent shifts, with increases recorded in 2020 and 2022.

In 2023, market volume grew to 4.1 million tons, and its value increased by 5% to $2.3 billion. This expansion was supported by strong consumer trends toward healthy snacking and convenience, which raised demand for value-added products like dried bananas and banana chips. Simultaneously, retailers broadened their focus on organic, fair-trade, and premium banana varieties, elevating average prices. Factors observed in 2024, including rising export prices and strategic acquisitions by leading firms, underscore the continuing transformation of the sector.

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 the United States
  1. 5.1.1. Annual dynamics of production in the United States in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in the United States 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, K t
    1. 6.1.2.1. Annual dynamics of product's exports from the United States in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's exports in kind from the United States 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 the United States in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from the United States 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 the United States, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from the United States 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 the United States in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's exports in kind from the United States 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 the United States in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from the United States 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 the United States, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from the United States 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 the United States in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's imports in kind to the United States 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 the United States in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to the United States 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 the United States, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to the United States 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 the United States in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's imports in kind to the United States 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 the United States in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to the United States 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 the United States, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to the United States 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 the United States

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

In 2020, the United States produced 3 474 tons of bananas, representing a modest 0.6% increase from the previous year. Over the period from 2017 to 2020, production grew by 15%, with an average annual growth rate of 4.8%. The highest production level was recorded in 2018 at 3 950 tons, which saw a significant 30.8% increase. In contrast, 2019 experienced the largest decline of 12.6%.

Annual dynamics of production in the United States in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.8%	(12.6%)	0.6%	4.8%

Source: SHEV.io

In value, 2017-2020, K $ US

In 2020, the value of banana production in the United States was 2 508 thousand US dollars, showing little change compared to 2019. From 2017 to 2020, production value increased by 15.3%, with a compound annual growth rate of 4.8%. The peak value occurred in 2018 at 2 891 thousand US dollars, marking a 32.9% rise. The largest decrease was in 2019, with a 13.2% drop.

Annual dynamics of production in the United States in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	32.9%	(13.2%)	(0.0%)	4.8%

Source: SHEV.io

Exports bananas from the United States

Exports in kind, K t

In 2020, the United States exported 592 thousand tons of bananas, with minimal variation from 2019. The lowest export volume was in 2018 at 584 thousand tons, which saw a 1.8% decline. The largest increase was recorded in 2019, with a 1.7% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.8%)	1.7%	(0.2%)	(0.1%)

Source: SHEV.io

From 2017 to 2020, Canada was the primary and nearly exclusive destination for US banana exports in volume terms, accounting for 98.4% of the total.

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

Source: SHEV.io

World map of product's exports from the United States in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, the United States exported bananas worth 428 million US dollars, a slight decrease of 0.9% from the previous year. The lowest value was in 2018 at 427 million US dollars, while the highest was in 2019 at 431 million US dollars, which saw a 1.0% increase.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.2%)	1.0%	(0.9%)	(0.0%)

Source: SHEV.io

Between 2017 and 2020, Canada dominated US banana exports in value terms, representing 97.4% of the total flows.

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

Source: SHEV.io

World map of product's exports from the United States in value, 2017-2020

Source: SHEV.io

Imports bananas to the United States

Imports in kind, K t

Banana imports into the United States declined for the third consecutive year. In 2020, imports totaled 4 671 thousand tons, remaining relatively stable compared to 2019. From 2017 to 2020, imports decreased by 3%, equivalent to an annualized rate of 1.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.8%)	(2.1%)	(0.1%)	(1.0%)

Source: SHEV.io

From 2017 to 2020, Guatemala, Costa Rica, and Ecuador were the key sources for US banana imports in volume terms, with shares of 40.9%, 18.1%, and 13.7%, respectively. Together, they accounted for 72.7% of total imports.

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

Source: SHEV.io

World map of product's imports to the United States in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, the value of banana imports into the United States was 2 550 million US dollars, showing a small increase of 0.8% from the previous year. The lowest value was in 2019 at 2 529 million US dollars, with a 2.4% decline, while the highest was in 2018 at 2 592 million US dollars, which saw a 2.5% increase.

Annual dynamics of product's imports to the United States in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.5%	(2.4%)	0.8%	0.3%

Source: SHEV.io

Over the period 2017 to 2020, Guatemala, Costa Rica, and Ecuador consistently led the US banana import market in value terms, with shares of 39.2%, 18.2%, and 13.9%, respectively. Collectively, they made up 71.3% of total import flows.

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

Source: SHEV.io

World map of product's imports to the United States in value, 2017-2020

Source: SHEV.io