Indonesia's banana production in 2023 stood at 7.7338 million metric tons. Examining historical data, there was significant volatility between 2013 and 2023, with yearly variations ranging from -26.21% to 38.37%. Notably, production spiked in 2015 but saw fluctuations afterward. Over the last five years, banana production displayed a compound annual growth rate (CAGR) of 1.26%. Recent years have shown more stability, with year-on-year variations of 1.32% in 2022 and 1.28% in 2023.
Looking ahead, from 2024 to 2028, banana production in Indonesia is forecasted to grow steadily at a CAGR of 1%, culminating in a 5.13% growth over this period. This forecast suggests a continued yet moderated growth trajectory.
Future trends to watch include:
- Technological advancements in agricultural practices.
- Climate change impacts on production yields.
- Government policies supporting agricultural extension and productivity.
- Market demand shifts both domestically and internationally.
