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.

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

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

As of May 2020, the average price of bananas in Uruguay was the highest among the group of Latin American countries displayed. In that year, the fruit was sold at around 1.76 U.S. dollars per kilogram in the country. In comparison, the price of a kilogram of bananas sold in Colombia amounted to 0.65 dollars.

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

Average consumer prices are calculated for household fuel, motor fuel, and food items from prices collected for the Consumer Price Index (CPI). Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change.

Prices, except for electricity, are collected monthly by BLS representatives in the 75 urban areas priced for the CPI. Electricity prices are collected for the BLS for the same 75 areas on a monthly basis by the Department of Energy using mail questionnaires. All fuel prices include applicable Federal, State, and local taxes; prices for natural gas and electricity also include fuel and purchased gas adjustments.

For more information, please visit the Bureau of Labor Statistics (https://www.bls.gov/cpi/factsheets/average-prices.htm).

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).

The dataset presents the global price of coffee for mild arabica varieties, bananas, and sugar per pound, expressed in US dollars for Central America in general. The data have been assessed based on information obtained from the Federal Reserve Bank of St. Louis (FRED).

For more information contact GIS4Tech: info@gis4tech.com. You can also visit the PREDISAN platform https://predisan.gis4tech.com/ca4 for detailed, accurate information.

Graph and download economic data for Wholesale Price of Bananas for New York, NY (M0436BUS35620M236NNBR) from Jan 1932 to Dec 1940 about fruits, wholesale, New York, NY, price, and USA.

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.

The monthly average price for bananas in Egypt amounted to ***** Egyptian pounds (0.4 U.S. dollars) per kilogram as of May 2023. This represented a minor decline of roughly **** percent from the preceding month. In the period under review, the mean price per kilogram of bananas ranged from **** Egyptian pounds (0.22 U.S. dollars) and ***** Egyptian pounds (0.61 U.S. dollars) in January and February 2019, and November 2019, respectively.

The cost of bananas in the US reached their peak $494 in April 2022 and it is expected to keep growing.

United States - Average Price: Bananas (Cost per Pound/453.6 Grams) in U.S. City Average was 0.65500 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Bananas (Cost per Pound/453.6 Grams) in U.S. City Average reached a record high of 0.65500 in May of 2025 and a record low of 0.31500 in December of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Bananas (Cost per Pound/453.6 Grams) in U.S. City Average - last updated from the United States Federal Reserve on July of 2025.

In 2024, the U.S. banana market increased by 2.6% to $2.1B, rising for the fourth consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2023 when the market value increased by 4.4% against the previous year. Banana consumption peaked at $2.3B in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

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

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.

In 2024, after three years of growth, there was significant decline in the Latin American banana market, when its value decreased by -5.1% to $11.1B. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $11.7B in 2023, and then reduced 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

After three years of growth, the Latin American banana and plantain market decreased by -6.3% to $15.1B in 2024. The market value increased at an average annual rate of +2.2% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $16.1B in 2023, and then fell in the following year.

United States Consumer Price: Average: Bananas data was reported at 0.573 USD/lb in Sep 2018. This records an increase from the previous number of 0.569 USD/lb for Aug 2018. United States Consumer Price: Average: Bananas data is updated monthly, averaging 0.498 USD/lb from Jan 1980 (Median) to Sep 2018, with 463 observations. The data reached an all-time high of 0.641 USD/lb in Feb 2009 and a record low of 0.315 USD/lb in Dec 1983. United States Consumer Price: Average: Bananas data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.P001: Consumer Price.

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