- No. 1 fruit exported internationally
- Staple/substitute food in many developing countries
- 80-90% of land areas planted to banana in the Philippines is cultivated by small farmes
- Significant product varieties of the industry are Cardaba (Saba) for Banana chips as export, Latundan and Lakatan, largely for the local fresh fruit market.
- There is also a small but growing export market for specialty banana such as Lakatan and Senorita.
- In marketing, the middlemen and traders are the main players in the domestic market
- The export industry, on the other hand, is in the hands of multi-national companies.
- The leading importers of Philippine banana are Japan, South Korea, United Arab Emirates and Taiwan.
- USA is the leading buyer of banana chips from the Philippines. Other markets are China, Japan, UK, and Germany.
- In the countryside, bananas are sold on finger count basis while in the urban areas, these are sold on weight basis
- Industry Linkages (Forward and Backward)
o Inputs suppliers (pesticides)
o Processing Facilities fabricators/suppliers
o Freight / shipping forwarders
o Packaging materials suppliers
REGION 02 VISION FOR BANANA CLUSTER
Region 02 as a leading producer and exporter of fresh and processed banana products, contributing towards food security and improvement of the socio-economic status of all stakeholders
- Isabela and Cagayan are among the top 20 banana producing provinces in the country
- Isabela and Cagayan are among the top 20 producers of lacatan and saba
- Province of Isabela has the 3rd highest production of saba
- Allacapan, Cagayan – 1,200 has.
- Lasam, Cagayan – 850 has.
- Rizal, Cagayan – 1,964.44 has.
- San Pablo, Isabela – 5,000 has.
- Benito Soliven, Isabela–1,292.4 has.
- San Mariano, Isabela – 7,394 has
- San Guillermo, Isabela – 700 has.
- Jones, Isabela – 2,275 has.
- San Agustin, Isabela – 1,985.28 has.
- Aglipay, Quirino – 800 has.
- Cabarroguis, Quirino –1,556.59 has.
- Maddela, Quirino – 4,075 has.
- Nagtipunan, Quirino – 1,700 has.
BANANA CULTIVARS ADOPTED