In 2023, Malaysia's banana gross production stood at 115.55 million US Dollars PPP (2004–2006). The forecast data indicates a gradual decline in production values from 2024 to 2028. Specifically, the gross production is expected to decrease from 114.64 million US Dollars PPP in 2024 to 110.9 million US Dollars PPP by 2028.
Year-on-year analysis highlights the following variations in percentage:
- 2024: -0.79%
- 2025: -0.83%
- 2026: -0.81%
- 2027: -0.83%
- 2028: -0.82%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 indicates an average annual decline of approximately 0.82% in Malaysia's banana gross production.
Future trends to watch for include potential impacts of climate change on agricultural productivity, shifts in local and global market demand, and advancements in agricultural technology that may influence production efficiency and yields. Monitoring these factors will be essential for understanding long-term trends in Malaysia's banana production sector.
