U.S. retail price of bananas 1995-2023

Published by
M. Shahbandeh,
Nov 5, 2024

In 2022, the retail price of one pound of bananas in the United States increased slightly compared to the year before and registered at 63 cents. Prices have hovered around 58 cents for the past seven years.

Banana trade in the U.S.

Consumers in the United States love bananas. The country was the biggest importer of bananas by a wide margin, receiving around 2.8 billion U.S. dollars worth of the fruit in 2021. Its main partner in the banana trade was Guatemala, from which it received around 1.1 billion dollars worth of bananas in 2021.

Banana consumption

Bananas were the most consumed fruit in the United States in 2021. Popularity can, in part, explain the stability of banana prices. Over the last 18 years, average per capita consumption was approximately 26.4 pounds per year, with a high of 28.54 pounds in 2018. Banana production has largely kept pace with consumption, increasing about 11 percent in the last six years.

Retail price of bananas in the United States from 1995 to 2023 (in U.S. dollars per pound)

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Release date

April 2024

Region

United States

Survey time period

1995 to 2023

Supplementary notes

Figures as of December of the respective year.
Date of release is date of access

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