1945

Fast growth in agriculture and forestry

As of 2016, the top five banana-producing countries (India, China, Indonesia, Brazil, Ecuador) account for 55% of world production and 37% of the total harvested area for this crop (FAOSTAT, 2018). Over the period 2011–2016, China, India and Indonesia expanded their production by nearly 10% (4 million tons), which is equivalent to the 2016 banana production of Angola, the world’s seventh largest producing country (FAOSTAT, 2018). In contrast, Brazil and Ecuador’s production declined by 7% during the same period (FAOSTAT, 2018). A similar phenomenon can be seen around the world as Asian and African countries expand their production, while the traditional banana-producing countries of Latin America and the Caribbean have seen their overall banana production decline. The net result is a 3.5% growth in global banana production over 2011–2016 (FAOSTAT, 2018).

Related Subject(s): International Trade and Finance
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