Graph and download economic data for Global price of Bananas (PBANSOPUSDM) from Jan 1990 to Jun 2025 about fruits, World, and price.

Banana price (USA) in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 0.55 USD per kilogram with a minimum of 0.11 USD per kilogram in January 1968 and a maximum of 1.68 USD per kilogram in December 2022. | TheGlobalEconomy.com

Get the latest insights on price movement and trend analysis of Banana in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, the retail price of one pound of bananas in the United States decreased slightly compared to the year before and registered at **** cents. Prices have hovered around ** cents for the past seven years. Banana trade in the U.S. Consumers in the United States love bananas. The country was the biggest importer of bananas by a wide margin, receiving around *** billion U.S. dollars worth of the fruit in 2021. Its main partner in the banana trade was Guatemala, from which it received around *** billion dollars worth of bananas in 2021. Banana consumption Bananas were the most consumed fruit in the United States in 2021. Popularity can, in part, explain the stability of banana prices. Over the last 18 years, average per capita consumption was approximately **** pounds per year, with a high of ***** pounds in 2018. Banana production has largely kept pace with consumption, increasing about ** percent in the last six years.

According to Cognitive Market Research, The Global IFQ Banana Market size will grow at a compound annual growth rate (CAGR) of 7.30% from 2023 to 2030.

The demand for the IFQ Banana Market is rising due to the rising growth of the IFQ banana market's global production and supply.
The expertise in banana cultivation and processing techniques supports the production of high-quality IQF bananas. 
The sliced bananas category held the highest IFQ Banana Market revenue share in 2023.
Europe IFQ Banana will continue to lead, whereas the North American IFQ Banana Market will experience the most substantial growth until 2030.

Seasonal Variability and Climate Change to Provide Viable Market Output

Weather, natural disasters, and climate change can affect banana crops, affecting their quality and quantity. Unexpected weather events such as hurricanes or droughts can disrupt supply chains and cause price fluctuations. Substitutes: the existence of substitutes for frozen fruit or fresh produce can affect the market. Competition from other frozen fruits or substitutes affects the pricing strategy and market positioning of IQF Banana. Government regulations, food safety standards, and compliance requirements affect manufacturing practices, packaging, labeling, and import/export protocols and influence market access and consumer confidence.

For instance, in November 2023, Greenikk, an agriculture startup based in Kerala, India, launched a seamless supply chain that aims to connect banana growers, traders, and exporters on a single platform. The startup has set up Support Centers (SCs) in key banana-producing agricultural regions in the Indian states of Kerala, Tamil Nadu, and Karnataka to support farmers in production and market linkages.

(Source: agritimes.co.in/crops/kharif/ninjacart-introduces-foodprint-to-enable-end-to-end-food-traceability/agri-tech-startup-greenikk-raises-inr-5-crore-in-pre-seed-funding-from-indian-foreign-investors)

Health and Wellness Trends to Propel Market Growth

Innovations in refrigeration technology, packaging technology, and transport systems impact the quality and profitability of IQF's banana production. Advances in freezing technology preserve fruit's texture and nutritional value, making it more attractive to consumers. Economic conditions such as exchange rates, labor costs, and government policies affecting trade and agricultural subsidies play an important role. Exchange rate fluctuations can affect the cost of importing/exporting IQF bananas, affecting price and demand. As consumers become more health conscious, demand for natural, preservative-free, and minimally processed foods such as IQF bananas is on the rise. Marketing strategies that emphasize the health benefits of fruit, such as being a good source of vitamins and potassium, can increase sales.

For instance, in February 2022, Usman Banana Farm, Tayan Banana Farm, and Abay Banana Farm, three companies operating in the Philippines, invested over US$8.7 million in Matanog, Maguindanao province. The investment aims to increase banana production in the city, where the Cavendish and Cardava varieties are mainly grown.

(Source: th.bing.com/th?id=ODLS.46a0a346-0368-44fa-80d5-48e9d27e4dfd&w=32&h=32&qlt=96&pcl=fffffa&o=6&pid=1.2)

Market Dynamics of the IFQ Banana

Seasonal Volatility and Crop Dependency to Restrict Market Growth

The IQF banana market is highly dependent on the availability and quality of the banana crop. Seasonal fluctuations, weather-related issues such as hurricanes or droughts, and natural disasters can impact our reliable supply of raw materials for processing, resulting in production disruptions. Bananas are perishable fruit, which makes it difficult to maintain their quality during processing and transportation. The fragile nature of bananas requires careful handling and quick freezing to preserve flavor, texture, and nutritional value, making the production process more complex and expensive. Frozen products such as IQF bananas require efficient and reliable cold chain logistics to maintain quality. Inadequate infrastructure, transport delays, or cold chain failures can lead to poor quality, threatening sales of IQF bananas. Fluctuations in production costs, including labor, energy, and packaging materials, affect the total cost of producing IQF bananas. Volatility in raw material and energy pri...

After four years of growth, the global banana market decreased by -3.9% to $99.5B in 2024. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 8.4% against the previous year. Global consumption peaked at $103.5B in 2023, and then reduced modestly in the following year.

The UK banana market contracted to $653M in 2024, dropping by -5.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a mild decline. Over the period under review, the market hit record highs at $795M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

Banana price (Europe) in , June, 2025 For that commodity indicator, we provide data from January 1997 to June 2025. The average value during that period was 0.96 USD per kilogram with a minimum of 0.49 USD per kilogram in August 2003 and a maximum of 1.64 USD per kilogram in March 2008. | TheGlobalEconomy.com

Cambodia Commodity Price: Phnom Penh: Banana Quality 3 data was reported at 4,000.000 KHR/Unit in 16 May 2025. This stayed constant from the previous number of 4,000.000 KHR/Unit for 15 May 2025. Cambodia Commodity Price: Phnom Penh: Banana Quality 3 data is updated daily, averaging 4,000.000 KHR/Unit from Oct 2021 (Median) to 16 May 2025, with 895 observations. The data reached an all-time high of 12,100.000 KHR/Unit in 03 Nov 2021 and a record low of 2,000.000 KHR/Unit in 01 Oct 2021. Cambodia Commodity Price: Phnom Penh: Banana Quality 3 data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under Global Database’s Cambodia – Table KH.P: Phnom Penh: Commodity Price Index.

The Banana Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Africa). The report includes Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis. Five years of historical data and five-year forecasts are provided.

Global banana market had total revenues of 40,169 million USD in 2015, seesawing over the last three years, after a steady growth from 2007 to 2012. In physical terms, the market showed positive dynamics, growing by +3.1% from 2007 to 2015.

In 2024, the New Zealand banana market decreased by less than 0.1% to $79M for the first time since 2021, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $79M in 2023, and then fell in the following year.

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Banana Market Size 2025-2029

The banana market size is forecast to increase by USD 1.53 billion at a CAGR of 10.3% between 2024 and 2029.

The market is driven by the increasing adoption of banana flour in the baking industry, which presents significant opportunities for growth. Banana flour is increasingly used in the production of baked goods, either on its own or in combination with other types of flour. This trend is particularly noticeable in the health-conscious consumer segment, fueling the demand for banana-based products. However, the banana production industry faces challenges that may hinder its growth trajectory. Natural calamities, such as typhoons, frost, and droughts, pose a significant threat to banana crops, leading to production losses and price volatility.
The market experiences dynamic interplays of various factors, shaping its growth trajectory. Food safety standards and consumer research are critical in ensuring product quality and consumer satisfaction. Technological innovations, such as drip irrigation and precision agriculture, enhance farming efficiency and productivity. Environmental impact and waste management practices are crucial concerns, with cold storage facilities and crop rotation techniques employed to minimize food waste. Additionally, investments in research and development to improve banana crop yields and disease resistance can help mitigate the impact of natural calamities and strengthen the market's strategic landscape.

What will be the Size of the Banana Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Competition analysis reveals intensifying competition, necessitating product differentiation through functional foods and banana-based food products. Pests and diseases pose persistent challenges, necessitating integrated crop management and plant tissue culture. Sustainability certification, climate change mitigation, and international trade agreements are key trends shaping the industry. Banana flour's versatility and nutritional benefits make it an attractive alternative to traditional wheat and rice flour in various food applications, further boosting market growth.
Online advertising and marketing campaigns expand market reach, while data analysis and price elasticity inform strategic decision-making. Technological advancements, including technological innovation, artificial intelligence applications, and bio-based packaging, offer opportunities for a competitive edge. Consumer behavior analysis and fruit quality parameters remain essential in catering to evolving consumer preferences. In 2020, tropical storms and heavy rainfall affected banana production in major growing regions, causing significant disruptions. To mitigate these risks, companies must adopt resilient farming practices and explore alternative production locations to ensure a steady supply of bananas and banana products.

How is this Banana Industry segmented?

The banana industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Type

  In-organic/conventional
  Organic


Form Factor

  Fresh bananas
  Processed bananas


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The market is experiencing significant shifts as consumer preferences evolve and technology advances. Integrated pest management practices ensure ethical production, maintaining the industry's sustainability. Banana puree and banana bread continue to gain popularity, fueling innovation in processing techniques. Disease outbreaks and food safety regulations drive the need for advanced post-harvest handling and ripening stages. Digital marketing strategies dominate retail channels, with online retailers and e-commerce platforms driving sales growth. Allergen-free options cater to diverse consumer preferences, while fair trade standards and sustainable sourcing promote ethical business practices. New product development, from banana-based snacks to dried banana products, keeps the market dynamic.

Pricing strategies and international trade agreements influence market volatility, while potassium content and nutritional value remain key selling points. Innovation in processing, from tissue culture propagation to predictive modeling, optimizes yield and reduces the impact of pest infestations and disease outbreaks. Consumer demographics an

All fresh traditional 1st quality yellow bananas. Includes organic and non-organic.

Cambodia Commodity Price: Phnom Penh: Banana Quality 2 data was reported at 4,800.000 KHR/Unit in 16 May 2025. This stayed constant from the previous number of 4,800.000 KHR/Unit for 15 May 2025. Cambodia Commodity Price: Phnom Penh: Banana Quality 2 data is updated daily, averaging 4,200.000 KHR/Unit from Oct 2021 (Median) to 16 May 2025, with 894 observations. The data reached an all-time high of 11,700.000 KHR/Unit in 03 Nov 2021 and a record low of 3,000.000 KHR/Unit in 01 Oct 2021. Cambodia Commodity Price: Phnom Penh: Banana Quality 2 data remains active status in CEIC and is reported by Ministry of Commerce. The data is categorized under Global Database’s Cambodia – Table KH.P: Phnom Penh: Commodity Price Index.

The revenue in the 'Bananas' segment of the food market in Latin America was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the ***** consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Bananas' segment of the food market was continuously increasing over the past years.Find further information concerning the price per unit in the 'Oils & Fats' segment of the food market in Mongolia and the average volume per capita in the 'Bread & Cereal Products' segment of the food market in India. The Statista Market Insights cover a broad range of additional markets.

On this page, you will find the latest Banana prices in Kanchanpur Market today. Know a complete report on whether Banana prices have risen or fallen in Kanchanpur in recent days.

Philippines Retail Price: Banana, Lakatan: Region 7: Cebu City data was reported at 50.000 PHP/kg in 23 Nov 2018. This stayed constant from the previous number of 50.000 PHP/kg for 16 Nov 2018. Philippines Retail Price: Banana, Lakatan: Region 7: Cebu City data is updated weekly, averaging 50.000 PHP/kg from Dec 2013 (Median) to 23 Nov 2018, with 257 observations. The data reached an all-time high of 55.000 PHP/kg in 15 Jun 2018 and a record low of 45.000 PHP/kg in 09 Mar 2018. Philippines Retail Price: Banana, Lakatan: Region 7: Cebu City data remains active status in CEIC and is reported by Philippine Statistics Authority. The data is categorized under Global Database’s Philippines – Table PH.P001: Retail Price: Selected Agricultural Commodities.

ObjectivesThe forecasting of horticulture commodity prices, such as bananas, has wide-ranging impacts on farmers, traders and end-users. The considerable volatility in horticultural commodities pricing estimates has allowed farmers to exploit various local marketplaces for profitable sales of their farm produce. Despite the demonstrated efficacy of machine learning models as a suitable substitute for conventional statistical approaches, their application for price forecasting in the context of Indian horticulture remains an area of contention. Past attempts to forecast agricultural commodity prices have relied on a wide variety of statistical models, each of which comes with its own set of limitations.MethodsAlthough machine learning models have emerged as formidable alternatives to more conventional statistical methods, there is still reluctance to use them for the purpose of predicting prices in India. In the present investigation, we have analysed and compared the efficacy of a variety of statistical and machine learning models in order to get accurate price forecast. Autoregressive Integrated Moving Average (ARIMA), Seasonal Autoregressive Integrated Moving Average model (SARIMA), Autoregressive Conditional Heteroscedasticity model (ARCH), Generalized Autoregressive Conditional Heteroscedasticity model (GARCH), Artificial Neural Network (ANN) and Recurrent Neural Network (RNN) were fitted to generate reliable predictions of prices of banana in Gujarat, India from January 2009 to December 2019.ResultsEmpirical comparisons have been made between the predictive accuracy of different machine learning (ML) models and the typical stochastic model and it is observed that ML approaches, especially RNN, surpassed all other models in the majority of situations. Mean Absolute Percent Error (MAPE), Root Mean Square Error (RMSE), symmetric mean absolute percentage error (SMAPE), mean absolute scaled error (MASE) and mean directional accuracy (MDA) are used to illustrate the superiority of the models and RNN resulted least in terms of all error accuracy measures.ConclusionsRNN outperforms other models in this study for predicting accurate prices when compared to various statistical and machine learning techniques. The accuracy of other methodologies like ARIMA, SARIMA, ARCH GARCH, and ANN falls short of expectations.