The market size of bananas in China, expressed in volume (Million Metric Tons), has shown fluctuations from 2014 to 2023. In 2023, the volume stood at 10.33 Million Metric Tons, a slight decrease of 0.19% compared to the previous year and reflecting a modest annual contraction (CAGR) of -0.38% over the last five years. Historically, the market saw varied year-on-year changes, including gains in 2016 (0.96%) and losses in 2015 (-9.35%) and 2020 (-5.03%). The volume again stabilized from 2021 to 2023.
Forecasts suggest that the market size will remain relatively stable at 10.32 Million Metric Tons annually from 2024 to 2028, with an estimated average annual decrease (CAGR) of -0.02% over these years.
Future trends to watch for include potential impacts of agricultural policies, technological advancements in cultivation, consumer preferences towards alternative fruits, and climate change effects on agricultural productivity.