Japan: Banana Market 2024

Banana Market Size in Japan

In 2022, the Japanese banana market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Banana consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Banana Production in Japan

In value terms, banana production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Banana production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average banana yield in Japan reduced slightly to X tons per ha, remaining stable against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X%. The banana yield peaked at X tons per ha in 2021, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of bananas production in Japan amounted to X ha, leveling off at the previous year. Overall, the harvested area saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to banana production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Banana Exports

Exports from Japan

In 2022, the amount of bananas exported from Japan declined sharply to X kg, shrinking by X% against the previous year. Overall, exports recorded a significant decrease. The smallest decline of X% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, banana exports declined markedly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Macao SAR (X kg), Hong Kong SAR (X kg) and Singapore (X kg) were the main destinations of banana exports from Japan, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Macao SAR ($X) and Malaysia ($X) were the largest markets for banana exported from Japan worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Macao SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average banana export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Banana Imports

Imports into Japan

In 2022, after five years of growth, there was decline in overseas purchases of bananas, when their volume decreased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, banana imports fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of banana to Japan, with a X% share of total imports. Moreover, banana imports from the Philippines exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), sevenfold. The third position in this ranking was taken by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Mexico (X% per year).

In value terms, the Philippines ($X) constituted the largest supplier of bananas to Japan, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with an X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Philippines amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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