In 2023, Indonesia's banana export volume stood at 17.97 thousand metric tons. The forecasted data for the subsequent years shows a steady increase in export volumes: 18.93 thousand metric tons in 2025, 19.87 thousand metric tons in 2026, 20.79 thousand metric tons in 2027, and 21.7 thousand metric tons in 2028. The year-on-year growth shows a consistent upward trend:
- 2024-2025: Approximately 5.34% increase
- 2025-2026: Approximately 4.96% increase
- 2026-2027: Approximately 4.63% increase
- 2027-2028: Approximately 4.38% increase
The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 4.82%.
Future trends to watch for might include:
- Potential impacts of climate change on banana cultivation.
- Changes in global demand and competitive positioning in the global banana market.
- Government policies and trade agreements that could influence export volumes.
- Technological advancements in agricultural practices improving yield and quality.
- Monitoring pest and disease outbreaks that could affect production negatively.