Key Market Indicators
Panama's fruit production is projected to decline to approximately 596,000 metric tons by 2028, down from around 634,000 metric tons in 2023. This represents a 1% annual decrease in the compound annual growth rate (CAGR). Since 1966, Panama's fruit supply has seen a consistent yearly decline, averaging a 1.9% reduction. In the global ranking for 2023, Panama held the 94th position, with Armenia slightly ahead, also producing approximately 634,000 metric tons. Leading the global rankings in fruit production were India, Brazil, and Mexico, taking the second, third, and fourth spots, respectively.
