Key Market Indicators
Malagasy consumers are projected to consume 363,000 metric tons of bananas by 2026, up 0.3% from 355,000 metric tons in 2021. Demand has risen 0.4% year on year since 2017, placing the country at number 38 in 2021. Australia overtook with 355,000 metric tons. China, Indonesia, and Brazil were numbers 2, 3, and 4 in the ranking respectively. Meanwhile, Malagasy production of bananas is expected to reach 424,610 metric tons by 2026, up 0.9% from 401,870 metric tons in 2021. Since 1966, the country's supply has increased 1.3% year on year, placing it at number 32 in 2021, with South Africa ahead at 401,870 metric tons. China, Indonesia, and Brazil ranked numbers 2, 3, and 4 in the ranking respectively.
