Country for PR: China
Contributor: Xinhua News Agency
Wednesday, May 23 2018 - 18:23
AsiaNet
CEIS releases banana industry dev. report with Chengmai County
BEIJING, May 23, 2018 /Xinhua-AsiaNet/--

China Economic Information Service (CEIS) of Xinhua News Agency released a 
report on development of the domestic banana industry jointly with the People's 
Government of Chengmai County of Hainan Province on May 15.

The report predicts that in 2018, China's banana planting area and production 
output will fall year on year.

According to the report, although China is a big producer of banana, it is not 
a banana trade power. The international competitiveness of China's banana 
industry is relatively weak and there is room for improvement. In 2016, the 
international market share (MS), the trade competitiveness index (TC) and the 
revealed comparative advantage of China's bananas ranked 43rd, 73rd, and 77th, 
respectively, in the world.

The report points out that the industrialization of deep processing of the 
domestic banana industry is relatively low and it has not yet achieved 
breakthroughs in key technologies for the banana industrial production. 
Compared to a variety of foreign banana products, such as banana flour and 
banana sauce, China's banana processing enterprises are relatively junior, with 
product shortages.

In 2018, the national banana market supplies will be reduced, with the market 
price expected to be higher than the previous three years. The area of special 
banana plantation shall be gradually increased. The brand awareness in the 
banana industry should be strengthened, said Ke Youpeng, head of Hainan 
Research Institute of Tropical Agriculture and Rural Economy.

Hainan is one of the five major banana growing areas in China. The report shows 
that in 2016, the banana planting area in Hainan Province was approximately 
35,300 hectares and the Province produced approximately 1.26 million metric 
tons (tonnes) of banana, with the output value reaching 3.896 billion yuan. In 
2017, cost-profit ratio of the banana planters in Hainan was 13.2 percent, down 
46.2 percentage points year on year. 

Source: China Economic Information Service (CEIS)

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