Key Market Indicators
Cabo Verdean banana consumption is expected to remain stable over the next five years, reaching 9,000 metric tons by 2026. This is the same amount that was consumed in 2021, and demand has remained stable since 2017. Malta was the leading consumer in 2021, with 9,000 metric tons, while China, Indonesia and Brazil ranked second, third and fourth respectively. Cabo Verdean banana production is anticipated to grow by 0.5% annually over the same period, hitting 9,670 metric tons by 2026. This is slightly less than the 9,420 metric tons produced in 2021. Since 1966, production has dropped by 2% each year. Guinea-Bissau was the top producer in 2021, with 9,420 metric tons, while China, Indonesia and Brazil ranked second, third and fourth respectively.