Global Banana Market. Analysis And Forecast to 2025

IndexBox has just published a new report "World: Bananas - Market Report. Analysis And Forecast To 2025" ( http://www.indexbox.co.uk/store/world-bananas-market-report-analysis-and-forecast-to-2020?utm_source=opr ).

This report covers an in-depth study of the global banana market. Within it, you will find the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The outlook displays the market prospects through 2025.

Countries coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Product coverage:
Bananas

Data coverage:
• Banana market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Global banana production, split by region and country;
• Global banana trade (exports and imports);
• Producer, export and import prices for banana;
• Banana market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.
Abstract
Global banana market revenue amounted to 55,771 million USD in 2015, jumping by +2.5% against the previous year level. Overall, global banana market continues to indicate a pronounced growth: the market value increased at an average annual rate of +6.0% from 2007 to 2015. This trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008, when the market revenue increased by +15% from the previous year level. Over the period under review, the global banana market revenue peaked in 2015, and is likely to continue its growth in the immediate term.

Over the analyzed period, an increase in global banana production was primarily driven by growth of population. Furthermore, these key drivers are expected to continue promoting the banana output in the immediate term. This general positive trend was largely conditioned by a measured expansion of the harvested area and solid gains of the yield figures.

The country with the largest volume of the banana output in absolute volumes was India (31,152 thousand tonnes), accounting for 26% of global production. Moreover, banana output in India exceeded the figures recorded by the world's second largest producer, China (12,342 thousand tonnes), threefold. The third position in this ranking was occupied by the Philippines with a share of 7%. From 2007 to 2015, an average annual growth rate of India's banana producton stood at +3.4%. The remaining producing countries recorded the following average annual growth rates: China (+5.5% per year) and the Philippines (+1.7% per year).

The world banana harvested area amounted to 5,466 thousand ha in 2015, which was almost equal to the previous year figure. The harvested area indicated a slight increase over the period under review, representing a compound annual growth rate of +1.0% from 2007 to 2015. This trend pattern was relatively stable throughout the analyzed period. Over the period under review, the total banana harvested area peaked in 2011, falling back in the following year. From 2012 to 2015, the total banana harvested area fluctuated at lower levels.

The global average banana yield amounted to 216 thousand hg/ha in 2015, rising by 1.8% from the previous year figure. The yield figures recorded an upward trend over the period under review, with a compound annual growth rate standing at +1.8% from 2007 to 2015. These yield figures maintained, all in all, a stable trend pattern throughout the analyzed period. The highest banana yields were recorded in 2015. Albeit an intensification of modern agricultural technics use, the future yield figures subject to a substantional risk of adverse weather conditions.

Source: http://www.indexbox.co.uk/store/world-bananas-market-report-analysis-and-forecast-to-2020?utm_source=opr

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Company Name: IndexBox
Contact Person: Kirill Bezverhi
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This release was published on openPR.