Market Insights
13-08-2024
In 2023, worldwide spending on imported bananas totaled an impressive US$17
billion. This figure represents a 4.6% increase compared to 2019, when the
global import value was $16.2 billion. Year-on-year, expenditures on imported
bananas saw a rise of 6.6% from the $15.9 billion recorded in 2022.
The top 5 importers of bananas, including plantains, were the United States, Germany, mainland China, Japan, and the Netherlands. Together, these leading countries accounted for 42.8% of the total global banana imports in 2023.
European countries led the way in banana imports, spending $8.9 billion, which represents 52.4% of the global total. North America followed with 21.5%, including the United States and Canada, while Asia accounted for 20.7% of the imports. Smaller shares came from Latin America and the Caribbean (3.1%), Africa (1.8%), and Oceania (0.5%), primarily driven by New Zealand.
For classification purposes, the 4-digit Harmonized Tariff System (HTS) code for fresh or dried bananas and plantains is 0803.
Top Banana Importing Countries in 2023
The following are the 15 countries with the highest dollar value of banana imports in 2023:
1. United States: US$3.1 billion (18.5% of global imports)
2. Germany: $1.2 billion (6.8%)
3. Mainland China: $1.1 billion (6.4%)
4. Japan: $961.2 million (5.7%)
5. Netherlands: $911.4 million (5.4%)
6. France: $883.2 million (5.2%)
7. Russia: $760.7 million (4.5%)
8. United Kingdom: $733.4 million (4.3%)
9. Belgium: $681.7 million (4%)
10. Italy: $624.8 million (3.7%)
11. Canada: $504.2 million (3%)
12. Poland: $376.4 million (2.2%)
13. Spain: $368.7 million (2.2%)
14. South Korea: $304.7 million (1.8%)
15. Argentina: $298.5 million (1.8%)
These 15 nations accounted for 75.4% of the global banana imports in 2023.
The fastest-growing markets for bananas from 2022 to 2023 included Argentina (up 38.9%), the Netherlands (up 25.5%), Spain (up 24.3%), and France (up 20.5%). Conversely, mainland China and Russia saw declines in their banana import volumes, decreasing by -6.9% and -4.2%, respectively.
Banana Importing Companies in 2024
Here are some notable companies involved in the banana import industry for 2024:
1. АО "АРВИАЙ (РАШЕН ВЕНЧУР ИНВЕСТМЕНТС)" (63,700%, $81.76 Million)
2. АО "ГРАНД-ТРЕЙД" (27,900%, $33.13 Million)
3. SHEDEVR BULLS MAS ULIYATI CHEKLANGAN JAMIYATI (16,400%, $0 Million)
4. TROPICAL ARGENTINA S R L (23,200%, $1.76 Million)
5. TOO FRUIT TERMINAL ФРУТ ТЕРМИНАЛ (24,900%, $21.86 Million)
6. ООО "ТСБ СЕВЕР" (11,900%, $20.6 Million)
7. ООО "МАНГО РИТЕЙЛ" (15,200%, $15.96 Million)
8. ARGENFRUIT SA (12,700%, $1.01 Million)
9. ООО "ФРУТСЭЛЛ" (9,000%, $14.37 Million)
10. ТЗОВ ТРОПІК М ЛЬВІВ (108,300%, $18.92 Million)
These companies represent significant players in the banana import market, contributing to the global distribution of this essential fruit.
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