Bananas continue to be one of the most widely traded fruits in the world, with the global market in 2024 showing strong demand across multiple regions. The total value of global banana exports in 2024 is estimated at $11.7 billion, with significant contributions from key banana-exporting countries such as Ecuador, the Philippines, and Costa Rica. In this article, we explore the top banana suppliers globally, their market share, and the trends driving the banana export industry. Whether you're interested in learning about banana exporters, global banana suppliers, or specific market dynamics, please contact us through Tendata for more detailed data on global banana trade.

Global Banana Market Overview

In 2024, the global banana trade is thriving, with a total export value of approximately $11.7 billion. Over 6,798 exporters are involved in shipping bananas worldwide, totaling 17.76 million metric tons of bananas across 8.44 billion bananas. This vast network of suppliers reflects the importance of bananas in international trade, with several key exporters maintaining significant shares of the market.

Bananas are primarily grown in tropical regions, with the largest producers being countries in Latin America, Southeast Asia, and the Philippines. Ecuador remains the world's largest banana exporter, followed by countries like the Philippines, Costa Rica, and Colombia. These countries dominate the export market, ensuring bananas remain affordable and accessible globally.

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Top 10 Global Banana Suppliers in 2024

1. AGZULASA CIA LTDA – 22.76%, $2,662.29 Million

AGZULASA CIA LTDA, based in Ecuador, is the largest banana supplier in 2024, accounting for nearly 22.76% of global banana exports, valued at $2.66 billion. As one of Ecuador's top banana exporters, AGZULASA ships millions of bananas annually to markets across North America, Europe, and Asia. The company's strong presence reflects Ecuador's dominance in the global banana industry.

2. UNION DE BANANEROS ECUATORIANOS S A (UBESA) – 10.09%, $1,180.03 Million

UBESA, another major exporter from Ecuador, plays a significant role in the banana export market, contributing 10.09% of the total export value, or $1.18 billion. UBESA's bananas are known for their high quality, which helps maintain Ecuador's reputation as the leading banana producer globally.

3. INTERBANANA EXPORT INTERBANANAEXPORT S A – 3.67%, $429.46 Million

INTERBANANAEXPORT S.A., based in Ecuador, is a significant player with exports worth $429.46 million in 2024, accounting for 3.67% of the global market share. The company specializes in high-quality banana shipments to various international markets, further strengthening Ecuador's position as the world's largest exporter.

4. ASOCIACION DE AGRICULTORES BANANEROS DEL LITORAL (ASOAGRIBAL) – 3.41%, $398.56 Million

ASOAGRIBAL, another key exporter from Ecuador, focuses on bananas grown along the coastal regions of Ecuador. With exports valued at $398.56 million, the company accounts for 3.41% of global banana trade. Their bananas are favored for their freshness and quality, which has led to a strong presence in European and North American markets.

5. C I UNION DE BANANEROS DE URABA S A (UNIBAN) – 3.05%, $356.84 Million

Based in Colombia, UNIBAN is one of the leading banana exporters, contributing 3.05% of the global market, with a value of $356.84 million. Colombia is the second-largest producer of bananas after Ecuador, and UNIBAN has established itself as a major supplier to international markets, particularly in Europe.

6. DOLE PHILIPPINES INC – 2.05%, $239.32 Million

DOLE Philippines, a subsidiary of the global agribusiness giant DOLE Food Company, is a key supplier of bananas from the Philippines. With exports worth $239.32 million, the company accounts for 2.05% of global banana trade. DOLE Philippines is known for its high-quality bananas and a wide range of banana-based products, catering to the Asian, American, and European markets.

7. REYBANPAC REY BANANO DEL PACIFICO C L – 1.87%, $218.91 Million

REYBANPAC, based in Ecuador, specializes in large-scale banana production and exports worth $218.91 million in 2024. The company controls a significant portion of Ecuador's banana exports, accounting for 1.87% of the global market share. REYBANPAC has built a strong reputation for supplying premium bananas to markets across the globe.

8. EXPORTADORA DE FRUTAS EXPORTVAL S A – 1.48%, $173.67 Million

EXPORTVAL, a major Ecuadorian exporter, is responsible for 1.48% of global banana exports, valued at $173.67 million. The company has a strong foothold in international markets, focusing on the high-quality delivery of bananas to Europe, the U.S., and Asia.

9. LUDERSON S A – 1.46%, $170.61 Million

LUDERSON S.A., based in Ecuador, exports bananas worth $170.61 million in 2024. This company holds 1.46% of the market share and is known for its long-standing commitment to producing bananas with excellent quality standards. Its products are highly sought after in European and North American markets.

10. SUMIFRU PHILIPPINES CORPORATION – 1.34%, $156.55 Million

SUMIFRU Philippines Corporation rounds out the top 10 list, contributing 1.34% of the global banana exports, with an export value of $156.55 million. The company is a major exporter of Philippine bananas, particularly to Asian and Middle Eastern markets, where its fresh bananas are highly valued.

We have mentioned the top 10 global banana suppliers above. In addition to these key players, many other exporters play an important role in meeting global demand for bananas. To get the complete list of banana exporters around the world, explore our banana trade data at Tendata for comprehensive insights.

Key Trends in the Banana Export Market

1. Sustainability and Certifications: As demand for sustainably sourced products increases, banana exporters are adopting more environmentally friendly practices. Companies are focusing on sustainable farming methods, reducing pesticide usage, and obtaining certifications like Fair Trade and Rainforest Alliance.

2. Rising Demand in Emerging Markets: Growing populations and rising incomes in Asia and Africa are driving increased demand for bananas in these regions. Countries like the Philippines, Ecuador, and Costa Rica are expanding their production capacities to meet this demand.

3. Innovations in Packaging and Logistics: Banana exporters are increasingly investing in better packaging solutions and logistics infrastructure to maintain the quality of bananas during long-distance transportation. Innovations such as modified atmosphere packaging (MAP) and temperature-controlled shipping containers are helping to extend the shelf life of bananas.

4. Disease Management: The banana industry is grappling with challenges like the spread of the Panama disease (Tropical Race 4), which affects banana crops. Suppliers are working on new technologies and breeding programs to develop more resilient banana varieties and mitigate the risk of crop loss.

5. Market Diversification: Exporters are diversifying their markets to mitigate risks associated with over-reliance on traditional markets like the U.S. and Europe. Expanding into new regions such as Asia and Africa is helping exporters maintain steady growth.

Conclusion

In 2024, the global banana trade remains a significant and dynamic market, driven by major suppliers like AGZULASA CIA LTDA, UBESA, and INTERBANANA EXPORT. Ecuador continues to dominate the industry, while countries like the Philippines and Colombia also play critical roles in the banana export ecosystem.

If you're looking to explore more about the global banana suppliers, market trends, or banana export data, Tendata provides the most comprehensive and up-to-date information on the global banana trade. We offer detailed import and export data, including HS codes, and give you access to a complete list of active banana exporters.

For more information or to get a free live demo, please feel free to contact Tendata. Our experts are here to assist you with all your banana import and export needs.