Ecuador has not only managed to conquer China with its shrimp, the country also does it with its bananas. In the first half of this year, the country became the second largest supplier of this fruit, with a stake of 21.24% in that market…Full Article: EcuadorTimes.net Sept 2016
- Ecuadorian bananas are generally larger than Philippine bananas. The South American country has approximately 200 banana exporting enterprises. Additionally, the Filipino banana industry has been suffering damage from typhoons (e.g. Typhoon Haiyan in November 2013) and from the “Panama disease” virus.
- In 2015, mainland China imported just over 1 million MTs of bananas, of which 686,904 MTs originated from the Philippines and 283,006 MTs from Ecuador. Mainland Chinese imports from Ecuador skyrocketed from 2013 to 2014 (27,798 MTs to ~232,100 MTs).
- 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.
- From 2010 to 2013, Hong Kong banana imports averaged approximately 76,000 MTs annually. 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.