Key Market Indicators
Paraguay's banana consumption is expected to drop from 11 thousand metric tons in 2021 to 7 thousand metric tons by 2026, a decline of nearly 7% year-on-year. Since 2017, consumption has decreased by 7.7% year-on-year. Paraguay ranked 113th in 2021, behind Montenegro's 11 thousand metric tons. China, Indonesia, and Brazil ranked 2nd, 3rd, and 4th respectively. Paraguay's banana production is forecast to increase to 98,460 metric tons by 2026 from 89,490 metric tons in 2021, growing by 1.6% annually. Since 1966, production has increased by 4.5% year-on-year. Paraguay was 57th in 2021, with Ghana overtaking it at 89,490 metric tons. China, Indonesia, and Brazil ranked 2nd, 3rd, and 4th respectively.
