Forecast: Bananas Demand in Malaysia

The demand for bananas in Malaysia showed varying trends from 2014 to 2023. It stood at 336.0 thousand metric tons in 2023, demonstrating a modest year-on-year increase of 0.6% annually. Over the last two years, demand growth averaged around 0.73% per year, exhibiting relative stability. Despite some fluctuations from 2014 to 2017, the overall trend since 2018 has been a gradual increase in the volume.

Trends to watch for in the future include:

  • Continued incremental growth in banana demand, forecasted at a 5-year CAGR of 0.35% from 2024 to 2028.
  • Potential influences of changing consumer preferences and economic conditions on banana consumption.
  • Emerging sustainability trends and their impact on banana supply chains, possibly affecting availability and costs.

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