2030 forecast: Banana production is expected to reach 138 million tonnes

According to the Agricultural Outlook 2021-2030 report, world banana production is expected to grow by 1.4% per year, reaching 138 million tonnes in 2030. The current major exporters will remain well positioned.

 

Only about 15% of world banana production is traded on international markets. In 2019 the global banana export industries generated around $9.1 billion.

 

If weather conditions are normal and there is no spread of banana diseases, projections forecast world banana production to grow by 1.4% per year, reaching 138 million tonnes in 2030.

 

Asia should remain the leading producing region with a share of 53%, India should reach 36 million tonnes.

 

The production of the main exporting region, Latin America and the Caribbean, is expected to reach 36 million tonnes. Production which will be encouraged by the increase in demand from the main importing markets, in particular the European Union, the United States, China and the Russian Federation. The region's largest exporters - Ecuador, Guatemala, Colombia, Costa Rica - will continue to be well positioned to benefit from this increase.

 

Rising import demand is also expected to benefit some Caribbean exporters, notably the Dominican Republic and Belize, as well as African exports, which are expected to grow by 1% per year.

 

 

According to forecasts, in 2030 Ecuador is expected to exceed 8 million tonnes of bananas exported, the Philippines is expected to exceed 5 million tonnes. Colombia, Costa Rica and Guatemala are each expected to approach 3 million tonnes of bananas exported.

 

 

 

 

The Agricultural Outlook 2021-2030 report was produced through collaboration between the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO).