In 2023, India held the largest share in global bananas production with 27.35%, followed by China at 9.99% and Indonesia at 6.46%. Notable changes have been observed over the past year, with Myanmar showcasing the highest growth with a 10.76% increase, and Guatemala moving up by 1.18%. Conversely, the USA faced a significant decline of 12.94%.
Key insights over the broader period reveal:
- India continues to dominate the banana production landscape, but growth has slowed.
- Countries like Laos and Myanmar are emerging with significant year-on-year growth.
- China and Brazil have witnessed slight decreases in production shares.
Looking forward, the banana production share is expected to see growth in Southeast Asian nations and potential declines in traditional leaders such as India, driven by climatic challenges and diversification of agriculture in those regions.
Top countries in Bananas Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 27.35 | 2023 | +0.28% | +0.16% | View data |
| 2 | 2 China | 9.99 | 2023 | -0.27% | -0.4% | View data |
| 3 | 3 Indonesia | 6.46 | 2023 | +0.15% | +0.19% | View data |
| 4 | 4 Brazil | 5.82 | 2023 | -0.26% | -0.42% | View data |
| 5 | 5 Ecuador | 5.57 | 2023 | -0.41% | -0.55% | View data |
| 6 | 6 Philippines | 5.52 | 2023 | +0.51% | +0.41% | View data |
| 7 | 7 Guatemala | 3.76 | 2023 | +1.09% | +1.18% | View data |
| 8 | 8 Angola | 3.63 | 2023 | +0.88% | +0.83% | View data |
| 9 | 9 Colombia | 3.42 | 2023 | +0.83% | +0.95% | View data |
| 10 | 10 Tanzania | 2.83 | 2023 | 0% | -1.09% | View data |
