The export volume of bananas from Mozambique has shown a general decline over the past decade, starting from 145 thousand metric tons in 2014 to 97 thousand metric tons in 2023. This represents a significant drop, illustrated by a -2.02% year-on-year decrease in 2023 and a compound annual growth rate (CAGR) of -3.18% over the last five years. Observations over the years show notable peaks and troughs, such as a steep drop of -17.93% in 2015 and a peak year-on-year growth of 17.53% in 2018.
Future forecasts predict a continued decline in banana export volumes, with projections indicating a fall to 84.2 thousand metric tons by 2028. This marks a forecasted five-year CAGR of -2.22% and an overall reduction of -10.62% from the 2023 figure.
Future trends to watch for:
- The impact of climate change on banana cultivation and export volumes.
- Potential governmental and private sector interventions to boost production and export.
- Global market demand fluctuations and their effect on Mozambique's export strategy.