In 2024, India's demand for bananas leads the global market, reaching notable highs, followed by China and Indonesia. Emerging growth is evident in the United States and Angola, while significant declines are seen in China and Brazil. Key players like the Philippines and Colombia show robust growth, with the Dominican Republic portraying the highest year-on-year increase. Forecast trends suggest a diversification in demand patterns, with emerging markets in Africa and South America gaining prominence. Observing steady or increasing trends, banana demand remains resilient, driven by health trends and increasing global consumption.
Future trends to monitor include technological advancements in agriculture affecting production, shifting trade relations influencing import/export dynamics, and evolving consumer preferences towards organic or sustainable produce, potentially driving demand further in key markets.
Top countries in Bananas Demand by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 30,930 | 2023 | +0.27% | +0.16% | View data |
| 2 | 2 China | 12,930 | 2023 | -0.015% | -0.38% | View data |
| 3 | 3 Indonesia | 7,320 | 2023 | +0.12% | +0.19% | View data |
| 4 | 4 Brazil | 6,560 | 2023 | -0.23% | -0.37% | View data |
| 5 | 5 United States | 4,270 | 2023 | +0.33% | +0.32% | View data |
| 6 | 6 Angola | 4,120 | 2023 | +0.88% | +0.83% | View data |
| 7 | 7 Tanzania | 3,200 | 2023 | 0% | -1.11% | View data |
| 8 | 8 Philippines | 3,070 | 2023 | +0.033% | +2.2% | View data |
| 9 | 9 Colombia | 2,070 | 2023 | +1.18% | +1.02% | View data |
| 10 | 10 Vietnam | 1,990 | 2023 | +0.35% | +0.54% | View data |
