Bananas production in Malaysia has demonstrated variability over the years. Since 2014, production increased gradually from 303.0 thousand metric tons to 350.0 in 2017, followed by a dip to 331.0 in 2018. From 2019 to 2023, production remained relatively stable, with a slight upward trend, standing at 347.0 thousand metric tons in 2023.
Key yearly variations include a peak growth of 12.9% in 2017, followed by fluctuations such as a decline of 5.43% in 2018 and a drop of 4.44% in 2020. More recent years saw moderate increases: 6.19% in 2021 and 0.87% in 2023. The 5-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 0.95%, suggesting a steady but slow growth.
Forecast data predicts a continued gradual increase, reaching 359.45 thousand metric tons by 2028. This is supported by a forecasted 5-year CAGR of 0.56%, translating to a 2.85% growth over the period.
Future trends to watch include the impact of climate change, advancements in agricultural technology, and shifts in both domestic and international banana demand. Monitoring these factors will be crucial for anticipating shifts in production levels.
