The president of the Association of Banana Exporters of Ecuador, Jorge Alex Serrano, said that Ecuadorian companies seek to become China’s leading banana suppliers, surpassing the Philippines, which is traditionally the largest exporter to this market. “We pursue to expand, establish relationships, do business and grow,” he said to Andes Serrano, member of the business delegation that will accompany President Rafael Correa in his first state visit to China, which will take place between 5 and 9 January. As explained also by the producer and exporter, given the crisis Russia is facing, China appears to be a good option for redirecting the fruit shipments and preventing prices drops…Full Article: Fresh Plaza Jan 2015
- The Philippine banana industry has been suffering damage from typhoons (e.g. Typhoon Haiyan in November 2013) and from the “Panama disease” virus.
- Ecuadorian bananas are generally larger than Philippine bananas. The South American country has approximately 200 banana exporting enterprises.
- From 2010 to 2013, mainland China imports of bananas decreased from 665,230 MTs to 514,784 MTs. The Philippines was by far the largest supplier, accounting for 65% (~436,000 MTs) of mainland China’s imports (by volume) in 2010 and 77% (~400,900 MTs) of its imports in 2013. Burma/Myanmar was the second largest supplier, but only accounted for 8.7% (~41,000 MTs) of mainland China’s bananas imports in 2013. Imports from Ecuador took off in 2012 when mainland China imported 47,747 MTs (an increase from 8,866 MTs in 2011). In 2013, imports from Ecuador declined to 27,798 MTs.
- Hong Kong has a modest banana import market that averaged approximately 76,000 MTs annually from 2010 to 2013. Like mainland China, the Philippines was the dominant supplier (avg. 81% import market share by volume). At a distant second, Thailand was the next largest supplier.