Forecast: Import of Bananas to the US

In 2023, the US imported 5.6595 billion kilograms of bananas. Over the previous decade, imports have generally shown an upward trend with minor fluctuations. Notable shifts include a significant increase between 2016 (4.9516) and 2017 (5.1961), a slight dip in 2018 (5.1679), and steady growth since 2019 leading up to 2023. The year-on-year growth rate has averaged around 1.6% in recent years, with a Compound Annual Growth Rate (CAGR) of 1.83% from 2018 to 2023. Forecasts indicate continued growth, with a predicted CAGR of 1.12% over the next five years, reaching 6.076 billion kilograms by 2028.

Future trends to watch for include:

  • Potential impacts of climate change on banana crop yields and supply chains.
  • Consumer preferences shifting towards sustainably sourced and fair-trade bananas.
  • Changes in import tariffs, trade agreements, and international relations affecting banana imports.

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