GITNUX MARKETDATA REPORT 2024

Must-Know Banana Industry Statistics [Latest Report]

Statistic 1

"The global banana market reached a value of US$ 58.1 Billion in 2020."

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Statistic 2

"Over 20 million metric tons of bananas are consumed worldwide per year."

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Statistic 3

"India is the largest producer of bananas with approximately 30.9 million metric tons in 2020."

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Statistic 4

"The Cavendish variety of bananas constitutes about 47% of global banana production."

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Statistic 5

"The average person eats around 11.9 pounds of bananas per year in the United States."

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Statistic 6

"Ecuador is the largest exporter of bananas, with a market share of 33% in 2019."

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Statistic 7

"In 2019, the European Union emerged as the largest import market for bananas, importing 5.16 million metric tons."

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Statistic 8

"The estimated market value of banana chips was USD 2.34 billion in 2020."

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Statistic 9

"Over 400 million people rely on banana production for food or income globally."

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Statistic 10

"The banana industry employs approximately 1.15 million people directly in production in Ecuador."

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Statistic 11

"The global organic banana market was valued at USD 14.10 billion in 2018."

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Statistic 12

"More than 96% of the Ecuadorian banana production is dedicated to exports."

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Statistic 13

"The market value of the baby banana industry is expected to reach USD 708.62 million by 2024."

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Statistic 14

"Among the top banana-producing countries, China is the third with 13.4 million metric tons in 2019."

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Statistic 15

"The demand for bananas in the European market has increased by 16% in the past decade."

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Statistic 16

"In 2018, the value of banana importations to the United States amounted to around 2.8 billion U.S. dollars."

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Statistic 17

"The global banana paper market was valued at USD 20.9 million in 2018."

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Statistic 18

"The annual growth rate of banana production worldwide between 2016 and 2020 was 2.5%."

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Statistic 19

"The global banana flakes market is expected to register a CAGR of 4.5% during the forecast period, 2020-2025."

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