In 2023, banana demand in Brazil stood at 6.57 million metric tons. The forecasted data indicates a slight year-on-year decline in demand from 2024 to 2028. Specifically, banana demand is projected to decrease from 6.55 million metric tons in 2024 to 6.48 million metric tons by 2028. The percentages for year-on-year variation are -0.31% for both 2025 and 2026, -0.15% for 2027, and -0.31% for 2028. Looking at these variations over the last two years shows a consistent trend of minor declines, and the Compound Annual Growth Rate (CAGR) over the five-year period (2024-2028) projects an average annual decrease of approximately -0.27%.
Future trends to watch for include:
- Potential impacts of new agricultural policies and trade agreements.- Changes in consumer preferences towards alternative fruits.- Impacts of climate change on banana cultivation and supply chain stability.- Technological advancements in farming practices which could affect yield and supply dynamics.
