Key Market Indicators
Filipinos are set to consume 2.3 million metric tons of bananas by 2026, a slight decrease from 2.3 million metric tons in 2021. Since 2017, demand has increased by 4.4% annually. The Philippines ranked 6th in 2021, behind the United States with 2.4 million metric tons. China, Indonesia and Brazil ranked second, third and fourth, respectively. Philippine banana production is expected to drop 1% to 5.5 million metric tons by 2026 from 5.9 million metric tons in 2021. Since 1966, output has risen 0.2% annually. The Philippines ranked 6th in 2021, behind Ecuador with 5.9 million metric tons. China, Indonesia and Brazil ranked second, third and fourth, respectively.