Average retail price for bananas in Canada 2017-2024

The average retail price for one kilogram of bananas in Canada was 1.67 Canadian dollars in March 2024. This price remained relatively stable from 2017 to 2024, staying between 1.58 and 1.65 Canadian dollars per kilogram. 

The banana market in Canada

Bananas are a fruit which need to be grown in tropical climates, therefore Canada must import bananas to provide their consumers with this popular fruit. In 2021, around 586,520 metric tons of bananas were imported into Canada. This figure has risen consistently in past years, increasing by over 100,000 metric tons since 2008. An average Canadian household spent 59 Canadian dollars on fresh bananas and plantains in 2017.

Leading banana producers worldwide

Regionally, Asia is the leading producer of bananas. In 2020, Asia produced some 64.73 million metric tons of the popular fruit. India was the leading producing country within Asia, as they were responsible for almost half of Asia’s total production in the same year. Mainland China ranked in second place, producing around 11.51 million metric tons of bananas.