Key Market Indicators
Americans will be consuming more bananas over the next five years. The demand for the fruit is predicted to increase by 300,000 metric tons, a 0.3% year-on-year compounded annual growth rate (CAGR) from 2021-2026. This trend has been consistent since 2017, with demand growing at a steady rate of 0.3% year-on-year. On the other hand, American production of bananas will decrease by 1,500 metric tons over the same period, representing a 14.1% year-on-year CAGR. This is a continuation of a downward trend since 1966, when production fell by 5% year-on-year.