The banana export volume from Brazil has shown a declining trend from 2014 to 2023, with the volume standing at 50.0 thousand metric tons in 2023. The year-on-year variations indicate notable fluctuations: a decrease of 3.61% in 2015, a significant drop of 20% in 2016, and a sharp decline of 35.94% in 2017. The volume saw a recovery in 2018 with an increase of 58.54%, but continued to fluctuate with decreases in subsequent years. The most recent two years have seen decreases of 3.7% and 3.85%, respectively. Over the last five years, the compound annual growth rate (CAGR) has been -5.11%.
Forecasted data indicates the export volume will continue to decline, reaching 41.08 thousand metric tons by 2028. This represents an average annual decline (CAGR) of -3.15% over the next five years, with an overall expected reduction of 14.78% from 2024 to 2028.
Future trends to watch include potential changes in global banana demand, climate change impacts on banana production, and shifts in international trade policies that could further affect Brazil's banana exports.
