Davao Philippines’Cavendish Bananas is known deliciously sweet.

• Philippine is now the 2^nd Largest Exporter of Bananas in the world.
• The majority of these shipments are destined for the growing regional markets of China, the Middle East and, to a lesser extent, Russia to satisfy their demand for fresh produce
• Exports of Philippine bananas for the last quarter of this year are expected to rise following China’s lifting of restrictions on Philippine exports early this month.
• Below are the 15 countries that accounted for the highest dollar value worth of bananas exported from the Philippines during 2015:

1. Japan: US$176.9 million (40.2% of total bananas imports)
2. China: $109.2 million (24.8%)
3. South Korea: $51.6 million (11.7%)
4. Iran: $33.8 million (7.7%)
5. United Arab Emirates: $19.2 million (4.4%)
6. Saudi Arabia: $12.9 million (2.9%)
7. Kuwait: $8.7 million (2%)
8. New Zealand: $6.5 million (1.5%)
9. Hong Kong: $5.2 million (1.2%)
10. Singapore: $5.1 million (1.2%)
11. Malaysia: $2.3 million (0.5%)
12. Taiwan: $2.1 million (0.5%)
13. North Korea: $1.7 million (0.4%)
14. Bahrain: $1.1 million (0.2%)
15. Qatar: $912,000 (0.2%)

• Among the above countries, the fastest-growing consumers of Philippine bananas exports since 2011 were: Bahrain (up 822.2% in value), Saudi Arabia (up 638.1%), Malaysia (up 312.3%) and Kuwait (up 195.4%).Production system ranges from backyard to highly integrated operation with the latter catering to the export market.
• Weak demand in the EU.
• Total import of fruit by the Philippines from 2008 till 2013. The highest volume of imports occurred in 2012 reaching 240,477MT while the lowest was in 2008 to 187,265MT. The average annual growth rate was 3.68% during this time period.
• Philippine farms produced a total of 8.65m tonnes of bananas valued at P117.15bn ($2.6bn) in 2013, down from a peak of 9.23m tonnes worth P108.13bn ($2.4bn) the previous year, according to PSA data. Concerted efforts over the past two decades to expand banana production have led to the commodity becoming the country’s most valuable crop as well as its most profitable agricultural export.
• The past years, the yield dramatically been reduced due to destruction brought about by the strong typhoons that hit the country particularly the major producing areas in Mindanao. Another calamity was the most recent “El Nino.”  Nevertheless, these are not typical and Mindanao is not a typhoon belt.
• Overall, the average annual growth rate was 0.26% and 16%, respectively for production and area for the six-year time period.
• The farms are generally small in size (1-5 ha) with minimal care resulting to low yield.
• Big farms are typically managed by Cooperatives, Organizations and Investment Companies

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Interested importers can email us directly at sembawangtrading.co@gmail.com for further details.