Banana export volumes in Malaysia have shown a mix of fluctuations and steady trends over the past decade. In 2023, export volumes stood at 26.0 thousand metric tons, which reflects no year-on-year variation. Between 2014 and 2023, the compound annual growth rate (CAGR) was 1.61%, demonstrating a modest but steady increase over this period. Especially notable are the significant growth years of 2016 (13.64%) and 2017 (8%), contrasted by the sharp decline in 2018 (-11.11%). Recently, the market appears to have stabilized, with no changes from 2020 to 2023.
Looking ahead, the forecast suggests banana export volumes will remain relatively stable, reaching 27.0 thousand metric tons by 2028. The forecasted 5-year CAGR stands at 0.76%, with an overall growth of 3.85% predicted over this period. Key future trends to watch for include changes in global banana demand, technological advancements in agriculture, and potential impacts of climate change on banana production. Monitoring these factors will be essential for anticipating shifts in Malaysia’s banana export volumes.
