India leads global banana production with 35.07 million metric tons, followed by the Philippines (9.08), Indonesia (7.7), Costa Rica (2.9), and Colombia (2.29) in 2023. Over the past year, India's production grew by 2.86%, while the Philippines experienced a decline of 0.61%. Indonesia, Costa Rica, and Colombia showed modest increases of 1.18%, 1.16%, and 1.21%, respectively. The five-year compound annual growth rate (CAGR) indicates stable growth for these countries.
Future trends to watch:
- Increasing demand for organic bananas could shift production practices.
- Climate change may impact production regions and yields.
- Technological advancements in agriculture may enhance productivity.
- Trade policies and tariffs could influence export dynamics.
Top countries in Bananas Production by Country
| # | 5 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 35,070 | 2023 | +2.63% | +2.86% | View data |
| 2 | 2 Philippines | 9,080 | 2023 | +0.049% | -0.61% | View data |
| 3 | 3 Indonesia | 7,700 | 2023 | +1.91% | +1.18% | View data |
| 4 | 4 Costa Rica | 2,900 | 2023 | +2.54% | +1.16% | View data |
| 5 | 5 Colombia | 2,290 | 2023 | +0.91% | +1.21% | View data |
