In 2023, the gross production value of bananas in Mexico stood at 866.36 million US Dollars PPP (using 2004–2006 base). In 2024, this value is expected to rise to 869.37 million US Dollars PPP, indicating a modest year-on-year increase of 0.35%. Following this trend, the data forecasts further steady growth: 0.35% in 2025, 0.34% in 2026, 0.34% in 2027, and 0.34% in 2028. This results in a Compound Annual Growth Rate (CAGR) of approximately 0.34% over the period from 2024 to 2028.
Future trends to watch for include:
- Impact of climate change on banana crop yield and production quality.
- Changes in trade policies affecting export volumes and market prices.
- Technological advancements in agriculture that may increase productivity.
- Shifts in consumer demand and preference diversification in both domestic and international markets.