Key Market Indicators
Banana consumption in Iran is expected to decline over the next five years, dropping from 384 thousand metric tons in 2021 to 269 thousand metric tons in 2026. This amounts to a 5.9% year-on-year decline since 2017. In 2021, Iran ranked 36th in the world for banana consumption, behind countries like Malawi, which consumed 384 thousand metric tons. China, Indonesia and Brazil ranked second, third and fourth respectively. Meanwhile, Iranian banana production is set to grow 1.9% year-on-year CAGR between 2021 and 2026. Since 1985, supply has increased by 2.6% on average. In 2021, Iran ranked 49th in the world for banana production, behind Israel, which produced 146 thousand metric tons. China, Indonesia and Brazil ranked second, third and fourth respectively.
