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.

The average retail price for one kilogram of bananas in Canada was 1.67 Canadian dollars in September 2024. This price remained relatively stable from 2017 to 2024, staying between 1.58 and 1.65 Canadian dollars per kilogram. The banana market in Canada Bananas are a fruit which need to be grown in tropical climates, therefore Canada must import bananas to provide their consumers with this popular fruit. In 2021, around 586,520 metric tons of bananas were imported into Canada. This figure has risen consistently in past years, increasing by over 100,000 metric tons since 2008. An average Canadian household spent 59 Canadian dollars on fresh bananas and plantains in 2017. Leading banana producers worldwide Regionally, Asia is the leading producer of bananas. In 2020, Asia produced some 64.73 million metric tons of the popular fruit. India was the leading producing country within Asia, as they were responsible for almost half of Asia’s total production in the same year. Mainland China ranked in second place, producing around 11.51 million metric tons of bananas.

Taiwan Farm Price: Fruit: Bananas, Domestic data was reported at 21.280 NTD/kg in Oct 2018. This records a decrease from the previous number of 23.240 NTD/kg for Sep 2018. Taiwan Farm Price: Fruit: Bananas, Domestic data is updated monthly, averaging 19.820 NTD/kg from Jan 2003 (Median) to Oct 2018, with 190 observations. The data reached an all-time high of 86.460 NTD/kg in Feb 2017 and a record low of 6.410 NTD/kg in Jul 2010. Taiwan Farm Price: Fruit: Bananas, Domestic data remains active status in CEIC and is reported by Council of Agriculture, Executive Yuan. The data is categorized under Global Database’s Taiwan – Table TW.P004: Farm Price: Fruit.

The Australian banana market dropped to $773M in 2024, waning by -6.2% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Banana consumption peaked at $861M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

Philippines Retail Price: Banana, Lakatan: CAR: Baguio City data was reported at 60.000 PHP/kg in 13 Jul 2018. This stayed constant from the previous number of 60.000 PHP/kg for 06 Jul 2018. Philippines Retail Price: Banana, Lakatan: CAR: Baguio City data is updated weekly, averaging 60.000 PHP/kg from Dec 2013 (Median) to 13 Jul 2018, with 237 observations. The data reached an all-time high of 65.000 PHP/kg in 31 Mar 2017 and a record low of 45.000 PHP/kg in 15 Aug 2014. Philippines Retail Price: Banana, Lakatan: CAR: Baguio 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.

Pakistan Average Retail Price: Banana data was reported at 81.040 PKR/Dozen in 2018. This records an increase from the previous number of 78.870 PKR/Dozen for 2017. Pakistan Average Retail Price: Banana data is updated yearly, averaging 24.060 PKR/Dozen from Jun 1991 (Median) to 2018, with 28 observations. The data reached an all-time high of 81.040 PKR/Dozen in 2018 and a record low of 11.660 PKR/Dozen in 1991. Pakistan Average Retail Price: Banana data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.P001: Average Retail Price.

Monthly average retail prices for selected products, for Canada, provinces, Whitehorse and Yellowknife. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.