How big is the global trade in bananas?

How big is the global trade in bananas?

Bananas are one of the most consumed and cheapest fruits worldwide: they are the most traded fruit and the fifth most traded agricultural product. The global export value of the banana trade was estimated to be US $8 billion in 2016, with a retail value between $20 and 25 billion.

Who is the biggest exporter of bananas to Europe?

The leaders in Europe remain the Benelux countries and Germany. Most ships carrying bananas from Central America and Africa arrive in their ports. According to Eurostat data, most bananas were imported and exported from Belgium and the Netherlands in 2017.

How many banana are sold each year?

100 billion bananas
According to some estimates, more than 100 billion bananas are consumed globally each year (Bananalink).

Which country has the best banana?

Top Banana Producing Countries In The World

Rank Country Production (in tonnes)
1 India 27,575,000
2 China (mainland) 12,075,238
3 Philippines 8,645,749
4 Brazil 6,892,622

What is the leading African producer of bananas?

Angola is the largest African banana producer and the seventh in the world with an offer of 4.4 million tons, according to the latest table of the United Nations Food and Agriculture Fund (FAO)

What is the market demands of banana?

Market Overview The global production of bananas in 2019 was 116.0 million metric ton, and it is projected to register a CAGR of 4.1% during the forecast period of 2021-2026. The global pandemic (COVID-19) has hit this agrosystem hardest.

How many tons of bananas does Ecuador export?

Today, Ecuador is the world’s largest banana exporter. In 2000, the most recent year for which total world-wide banana export figures are available, Ecuador exported 3,993,968 metric tons of the world’s 14,155,222 total metric tons of banana exports-approximately 28 percent.

Which country grows the best bananas?

India is the top country by bananas production in the world. As of 2019, bananas production in India was 30.5 million tonnes that accounts for 26.02% of the world’s bananas production.

Who is the biggest banana producer?

Rank Table of 10 World’s Biggest Banana-Producing Countries

Rank Countries Production of Banana
(in Tons)
1 India 30,460,000
2 China, mainland 11,655,700
3 Indonesia 7,280,659

Are all bananas Fairtrade?

A third of bananas sold in the UK is Fairtrade That comes to around 231,000 metric tonnes. All bananas sold at Sainsbury’s, Waitrose, Co-op, Booths and Ocado are Fairtrade. Other shops sell Fairtrade bananas too so make sure to look out for the FAIRTRADE Mark.

Why is the banana trade important to the world?

The banana trade symbolizes economic imperialism, injustices in the global trade market, and the globalization of the agricultural economy. Bananas are also number four on the list of staple crops in the world and one of the biggest profit makers in supermarkets, making them critical for economic and global food security.

What’s the value of bananas in the world?

Worldwide exports of bananas from all countries totaled an estimated US$14.7 billion in 2020, up by an average 41.7% for all banana shippers over the five-year period starting in 2016 when bananas shipments were valued at $10.7 billion. Year over year, the value of global banana exports increased by 6.1% from 2019 to 2020.

What was the value of banana exports in 2019?

Worldwide banana exports by country totaled an estimated US$14.7 billion in 2019, up by an average 43.3% for all banana shippers over the five-year period starting in 2015 when bananas shipments were valued at $10.2 billion. Year over year, the value of global banana exports appreciated by 11.2% from 2018 to 2019.

How is the EU going to deal with the banana trade?

In its place is a proposal for the EU to issue import licenses to ships arriving with bananas on a first come, first served basis. The ACP nations feel that they will be not be ready to enter a global market place with free trade in the way that the WTO prescribes.