Forecast: Bananas Production in the US

The forecasted banana production in the U.S. shows a consistent decline from 2024 to 2028. In 2023, the production stood at 2.2 thousand metric tons. From 2024 to 2028, the production decreases annually: 1.93 (2024) to 0.89 thousand metric tons (2028). The year-on-year variation percentages from 2024 onwards are: -14%, -15%, -18%, and -23%. Over the last two years, production has dropped by an average of -19%. The Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028 is approximately -14.8%.

Future trends to watch for include potential impacts from climate change, shifts in agricultural policy, and technological advancements in farming practices. If these factors change, they could either exacerbate or mitigate the declining trend in banana production in the U.S.

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