In 2023, India's gross production of bananas stood at 12.220 billion US Dollars PPP (2004–2006). Based on the forecasted data, the values are expected to be 12.434 billion in 2024, 12.655 billion in 2025, 12.874 billion in 2026, 13.091 billion in 2027, and 13.306 billion in 2028.
The year-on-year percentage variations are as follows:
- From 2023 to 2024: +1.75%
- From 2024 to 2025: +1.78%
- From 2025 to 2026: +1.73%
- From 2026 to 2027: +1.69%
- From 2027 to 2028: +1.65%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately +1.75% per year.
Future trends to watch for include technological advancements in agriculture, climate change impacts, and shifts in domestic and international market demands. These factors could significantly influence banana production and its economic value in India.
