Banana production in Latin America would grow 36 million tons by 2030

Published Jul 26, 2021

Tridge summary

The OECD-FAO Agricultural Outlook 2021-2030 report forecasts a 36 million ton increase in Latin American banana production by 2030 due to rising global demand. This growth is expected to be led by countries like Ecuador, Guatemala, Colombia, and Costa Rica, with the Caribbean seeing benefits as well, especially the Dominican Republic and Belize. However, this growth faces challenges such as erratic weather and disease, while the United States, the world's second-largest banana importer, shows a slight decrease in import demand. Africa's banana exports, dominated by Côte d'Ivoire, are also expected to grow slightly at a 1% annual rate.

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Original content

Banana production in Latin America would grow by 36 million tons by 2030, according to the OECD-FAO Agricultural Outlook 2021-2030 report. This development will be due, in large part, to growing demand from the main import markets, mainly the European Union, the United States, China and the Russian Federation. According to the report, the largest exporters in the region, mainly Ecuador, Guatemala, Colombia and Costa Rica, “continue to be well positioned to benefit from this increase, assuming that production growth can be protected from the adverse effects of erratic weather events and disease outbreaks ”. On the other hand, the OECD-FAO foresees an increase in import demand that will similarly benefit some Caribbean exporters, especially the Dominican Republic and Belize. Added to this are Africa's exports, led by Côte d'Ivoire, which is expected to expand at 1% per annum ...

Source: AgroForumPeru