The demand for bananas in China is projected to remain steady from 2024 to 2027, maintaining a consistent volume of 12.92 million metric tons each year. By 2028, it is expected to slightly decrease to 12.91 million metric tons. Given 2023's baseline data, forecasting a stagnant growth trend might suggest a plateau in market demand.
Year-on-year variations show negligible changes, indicating a highly stable market. Over the last two years, forecasts suggest no significant year-on-year variation. The five-year compound annual growth rate (CAGR) implies virtually zero growth, further emphasizing market stability.
Future trends to watch for:
- Potential shifts in consumer preferences and dietary trends could alter demand.
- Economic factors, including disposable income variations and tariff regulations, might impact banana imports.
- Climate change and agricultural productivity in key banana-exporting countries could influence supply and thereby demand.