The banana market size volume in Mexico was 1.58 million metric tons in 2023. The period from 2014 to 2023 shows a varied trend, with notable year-on-year fluctuations. Starting in 2014, the market saw moderate growth until 2016, followed by a significant drop in 2017. A recovery phase began in 2018, peaking again near 2016 levels. The period from 2019 to 2023 exhibited stability, with slight decreases year-on-year. Over the last five years, the market experienced a -0.29% compound annual growth rate (CAGR).
Future trends to watch for include the impact of climate change on banana production, technological advancements in agriculture, and potential shifts in trade policies affecting import and export dynamics.
