Key Market Indicators
Panamanian banana consumption is expected to reach 56,000 metric tons by 2026, up from 52,000 metric tons in 2021. This marks an average annual growth of 1.1%. Since 2017, Panamanian demand has climbed 0.7% year-on-year. In the 2021 ranking, the country came in at number 85, with Jordan ahead at 52,000 metric tons. China, Indonesia, and Brazil were numbers two, three, and four respectively. Panamanian banana production, meanwhile, is forecast to decrease to 256,210 metric tons in 2026 from 299,520 metric tons in 2021, a CAGR of -2.6%. Since 1966, Panamanian supply has dropped 0.8% year-on-year. In the 2021 ranking, the country was at number 40, with Malaysia overtaking at 299,520 metric tons. China, Indonesia, and Brazil were numbers two, three, and four respectively.
