Chile’s revised banana import regulations have created new opportunities for Indian exporters, offering extended compliance timelines and eased requirements. India’s banana exports climbed to US$ 300 million in 2023–24, supported by government initiatives and modern farming methods, enhancing the country’s global market presence and export competitiveness.
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Chile has revised its phytosanitary requirements for the import of fresh bananas (Musa spp.) from all origins, creating a significant opportunity for Indian exporters to expand into the Chilean market.
Highlights for Indian exporters include
With these regulatory changes, Indian banana exporters are well-positioned to increase their market share in Latin America, tapping into Chile’s growing demand with fewer compliance barriers.
India’s banana exports surged to US$ 300 million in 2023–24, up from US$ 176 million in 2022–23, marking a significant rise in the country’s global market presence.
Once holding a modest 0.21% share of global banana exports in 2013, India has steadily grown its staket o 1.74% by 2023, driven by strategic efforts to strengthen its export capabilities. This progress has been fuelled by government initiatives aimed at promoting banana cultivation, providing financial support to farmers, strengthening infrastructure and logistics, and expanding market access for exporters. At the same time, Indian farmers are adopting advanced agricultural practices, resulting in higher productivity and better fruit quality—further boosting India’s competitiveness in international markets.
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