Banana Export from India
The current state of the banana export industry in India is relatively strong. India is the world’s second-largest producer of bananas, and therefore the export industry has been growing steadily in recent years. In 2013-14, the worth of Indian banana exports was Rs 1,206 crore (US$ 190 million), up from Rs 1,028 crore (US$ 160 million) in 2012-13. The highest export destinations for Indian bananas are the United Arab Emirates, Saudi Arabia, Kuwait, Oman, and Qatar.
Banana Importing Countries from India
Global purchases of imported bananas totaled US$16.13 billion in 2021. The worth of imports for all countries flatlined by an average of 1.9% since 2017 when international purchases of bananas were valued at $15.8 billion.
By value, the greatest five international buyers of bananas including plantains are the United States of America, Germany, Russia, Belgium, and Japan. Collectively, that group of 5 major importers bought 43.4% of the world’s imported bananas in 2021.
The Indian banana export industry is a major supplier of bananas to Canada. In 2017, India was the second largest supplier of bananas to Canada, accounting for 17% of the entire banana imports. In terms of volume, India exported a complete of 53,700 metric tons of bananas to Canada in 2017.
The Indian banana export industry has the potential to further increase its supply to the Canadian market. In recent years, the industry has been investing in new production and export facilities, also as in research and development to improve the quality of its bananas. India is additionally working to improve its export infrastructure, like by expanding its port capacity.
Benefits of Exporting from India to Canada
There are several benefits to exporting bananas from India to Canada. First, India is a tropical country with an ideal climate for growing bananas. Bananas grown in India are typical of top quality and have a relatively long shelf life. Additionally, India features a large population of small farmers who grow bananas as a cash crop, meaning that there is a large supply of bananas available for export.
Exporting bananas from India to Canada also provides a source of income for little farmers in India. Additionally, exporting bananas can help to enhance the trade balance between India and Canada. Canada typically imports more goods from India than it exports, so exporting bananas can help to scale back this trade deficit from India.
Summarize the potential for the Indian banana export industry to grow within the Canadian market.
The potential for the Indian banana export industry to grow within the Canadian market is strong. Canada features a large population with a strong appetite for bananas, and therefore the country has a relatively small banana-producing industry. This creates
an opportunity for Indian companies to fill the demand. Additionally, the 2 countries have a strong trade relationship, which could pave the way for increased cooperation on banana exports.
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