The banana market size by volume in Mozambique witnessed significant fluctuations between 2014 and 2023. The volume increased notably in 2015 by 28.86% but dropped sharply in 2016 by 27.61%. Recovery was evident in 2017 with a 37.33% rise. Further years showed alternating increases and decreases, with a mild stabilization trend seen from 2019 onwards. By 2023, the market volume stood at 467 Thousand Metric Tons, reflecting a slight 0.65% year-on-year increase and an average annual growth (CAGR) of 1.43% over the past five years.
Looking forward to the forecasted data from 2024 to 2028, the annual growth rate appears to moderate, with a forecast 5-year CAGR of 0.51% and overall growth of 2.59%. The predicted volume for 2028 is 482.42 Thousand Metric Tons, signaling potential steady growth.
Future trends to watch for include:
- Potential impacts from agricultural policies and climate change on banana cultivation.
- Technological advancements in farming practices.
- Market demand shifts both locally and in export markets.
