In 2023, banana production at the farm gate in Indonesia was valued at 1.54 Billion US Dollars. Forecasted data from 2024 suggests a steady increase in production value, reaching 1.67 Billion US Dollars by 2028. Year-on-year variations show a consistent growth rate of approximately 1.9% to 1.8%. Over the last two years, there is an increase trend from 2024 to 2026 with a year-on-year growth of around 1.9%. The Compound Annual Growth Rate (CAGR) over the next five years is approximately 1.8%.
Future trends to watch for include the impact of climate change on agricultural yields, advancements in farming technology, changes in domestic and international demand, and government policies affecting agricultural production. Enhanced sustainable practices and investment in infrastructure could significantly influence these growth patterns.