India leads the global banana demand by a significant margin, commanding a share of 27.72 thousand metric tons in 2023. China, Indonesia, and Brazil follow with 11.59, 6.56, and 5.88 thousand metric tons respectively. Notable growth was observed in the United States (0.32% YoY), Angola (0.83% YoY), and the Philippines (2.2% YoY). Conversely, countries like Tanzania (-1.11% YoY), Kenya (-1.29% YoY), and Iran (-2.9% YoY) experienced declines. Over the past five years, the average annual growth rate (CAGR) has shown a varied trend, reflecting economic fluctuations and changing consumer preferences.
Future trends to watch in the global banana demand include potential growth in emerging markets such as Laos, Nepal, and Cuba, driven by increasing income levels and dietary shifts. Technological advancements in agriculture and supply chain improvements are also poised to enhance production and distribution efficiency, potentially altering demand dynamics across regions.
Top countries in Bananas Demand Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 27.72 | 2023 | +0.27% | +0.16% | View data |
| 2 | 2 China | 11.59 | 2023 | -0.015% | -0.38% | View data |
| 3 | 3 Indonesia | 6.56 | 2023 | +0.12% | +0.19% | View data |
| 4 | 4 Brazil | 5.88 | 2023 | -0.23% | -0.37% | View data |
| 5 | 5 United States | 3.82 | 2023 | +0.33% | +0.32% | View data |
| 6 | 6 Angola | 3.69 | 2023 | +0.88% | +0.83% | View data |
| 7 | 7 Tanzania | 2.87 | 2023 | 0% | -1.11% | View data |
| 8 | 8 Philippines | 2.75 | 2023 | +0.033% | +2.2% | View data |
| 9 | 9 Colombia | 1.85 | 2023 | +1.18% | +1.02% | View data |
| 10 | 10 Vietnam | 1.79 | 2023 | +0.35% | +0.54% | View data |
