The US fresh banana imports have shown moderate growth over the years, rising from 8.87 billion pounds in 2013 to 9.46 billion pounds in 2023. The year-on-year variation for 2022 and 2023 was fairly stable, around 0.82% and 0.8% respectively. Over the last five years, the compound annual growth rate (CAGR) stands at 0.39%. Forecasted data suggests a steady increase, with a 5-year growth rate of 2.93% and a forecasted CAGR of 0.58% by 2028.
Future Trends to Watch For:
- Continued slight increase in import volume suggesting moderate demand growth.
- Potential impacts of climate change and logistics on banana supply.
- Shifts in consumer preferences towards organic or Fairtrade bananas.
