In 2023, Ecuador led the global banana export market with a 27.14% share, marking a 0.75% increase from the previous year. The Philippines and Costa Rica followed, holding 12.76% and 10.46% respectively, though the Philippines saw a 1.14% decline while Costa Rica grew by 1.09%. Guatemala, Colombia, and Belgium rounded out the top six, with slight positive growth or marginal declines. Notable year-on-year increases included Myanmar (10.76%) and Laos (8.56%), while Brazil (-5.11%) and Suriname (-6.06%) saw significant decreases. Overall, mature markets showed stable trends, while smaller exporters showed more volatility.
Looking forward, factors such as climate change, technological advancements in agriculture, and supply chain disruptions will likely influence global banana export volumes. Sustainability practices and shifts in consumer demand towards ethically sourced produce could also impact export shares among countries. Monitoring these trends will be crucial for forecasting future changes in the global banana market.
Top countries in Bananas Export Volume Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ecuador | 27.14 | 2023 | +0.89% | +0.75% | View data |
| 2 | 2 Philippines | 12.76 | 2023 | +1.01% | -1.14% | View data |
| 3 | 3 Costa Rica | 10.46 | 2023 | +1.04% | +1.09% | View data |
| 4 | 4 Guatemala | 9.85 | 2023 | +0.94% | +0.9% | View data |
| 5 | 5 Colombia | 7.28 | 2023 | +0.44% | +0.88% | View data |
| 6 | 6 Belgium | 4.56 | 2023 | -0.61% | -0.21% | View data |
| 7 | 7 Netherlands | 3.8 | 2023 | +4.04% | +3.44% | View data |
| 8 | 8 Honduras | 2.47 | 2023 | -0.32% | +0.097% | View data |
| 9 | 9 Mexico | 2.46 | 2023 | +2.16% | +2.22% | View data |
| 10 | 10 United States | 2.38 | 2023 | +0.34% | +0.41% | View data |
