The banana production in Mexico stood at 2.40 million metric tons in 2023. From 2014 to 2023, production followed an overall upward trajectory with some year-on-year fluctuations. Notable variations include a significant increase in 2015 (5.16%) and 2016 (5.44%) followed by a decline in 2017 (-6.5%). Recent years show a moderate and stable growth, with a 0.59% increase in 2023 and a 5-year CAGR of 0.39%.
Forecasts from 2024 to 2028 suggest a continued modest growth, with production expected to reach 2.47 million metric tons by 2028. The forecasted 5-year CAGR is slightly higher at 0.45%, indicating a steady industry performance.
Future trends to watch for include potential impacts of climate change on banana yields, advancements in agricultural technology, and shifts in global trade policies affecting export dynamics.
