Based on the historical data and forecasts, the production of bananas in Senegal has experienced fluctuations from 2013 to 2023. In 2023, the banana production stood at 31.51 thousand metric tons. Over the last two years, we witnessed a slight decline in production, with a year-on-year decrease of -0.15% from 2022 to 2023. The average annual growth rate, or CAGR, over the last five years indicates a minor but positive increase of 0.98% per year. Looking ahead, the forecast suggests a modest decline in banana production, with a five-year average annual decrease (CAGR) of -0.13%, resulting in an overall forecasted growth rate of -0.63% by 2028.
Future trends to watch for include:
- Climate change impacts, which could affect production efficiency and crop yields.
- Market demand shifts, both domestically and internationally.
- Advances in agricultural technology and practices that might potentially increase productivity.
- Government policies and support programs that may enhance or restrict banana production growth.