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Asia-Pacific - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Mar 1, 2021

The Asian-Pacific Avocado Market Peaks Near $1.4B

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IndexBox has just published a new report: 'Asia-Pacific - Avocados - Market Analysis, Forecast, Size, Trends, and Insights'. Here is a summary of the report's key findings.

For the eighth year in a row, the Asia-Pacific avocado market recorded growth in sales value, which increased steadily to approx. $1.4B (in wholesale prices, excluding retailers' margins) over the last seven years. This trend is generally in line with the global trend of rising avocado consumption. Consumers consider avocados as a healthy and tasty fruit, and the fashion for a healthy lifestyle that gains momentum worldwide promotes avocado consumption. The growth of the Asian-Pacific market is facilitated by the growing popularity of Western cuisine in major cities in China and other Asian countries.

Consumption by Country 

Indonesia (462K tonnes) remains the largest avocado-consuming country in Asia-Pacific, accounting for 52% of total volume (IndexBox estimates). Avocado consumption in Indonesia exceeded the figures recorded by the second-largest consumer, China (173K tonnes), threefold. Australia (90K tonnes) ranked third in terms of total consumption with a 10% share.

From 2012 to 2019, the average annual growth rate of volume in Indonesia stood at +6.7%. In the other countries, the average annual rates were as follows: China (+6.9% per year) and Australia (+6.8% per year).

In value terms, Indonesia ($404M), Australia ($345M), and China ($224M) constituted the countries with the highest levels of market value in 2019, together accounting for 69% of the total market. These countries were followed by Japan, New Zealand, Sri Lanka, and the Philippines, which together accounted for a further 24%.

The country with the largest volume of avocado production was Indonesia (462K tonnes), accounting for 61% of the total volume. Avocado production in Indonesia exceeded the figures recorded by the second-largest producer, China (129K tonnes), fourfold. The third position in this ranking was occupied by Australia (80K tonnes), with an 11% share.

The countries with the highest levels of avocado per capita consumption in 2019 were Australia (3.58 kg per person), New Zealand (3.06 kg per person), and Indonesia (1.71 kg per person).

From 2012 to 2019, the biggest increases were in Sri Lanka, while avocado per capita consumption for the other leaders experienced more modest paces of growth.

Imports in Asia-Pacific

In 2019, approx. 178K tonnes of avocados were imported in Asia-Pacific; picking up by 8.4% against the previous year. In general, imports saw a buoyant increase. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the near future. In value terms, avocado imports rose significantly to $516M (IndexBox estimates) in 2019. Over the period under review, imports enjoyed a strong expansion. 

In 2019, Japan (77K tonnes) represented the key importer of avocados, making up 43% of total imports. China (44K tonnes) ranks second in terms of total imports with a 25% share, followed by Hong Kong SAR (10%), Australia (8.4%), and South Korea (4.6%). Singapore (5.5K tonnes) and Malaysia (3.9K tonnes) held a minor share of total imports.

From 2012 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (+66.2% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest avocado importing markets in Asia-Pacific were Japan ($202M), China ($134M), and Australia ($54M), with a combined 75% share of total imports.

The COVID crisis has had a significant impact on imports to China. In 2020, according to official data from China Customs, avocado imports in the first nine months were over 18K tons, down 23.8% from 2019. As the quarantine gradually eases, demand for avocados in China can be expected to recover. Since the main consumers of avocados are affluent residents of large cities, the continued growth of the middle class of China's population is expected to further increase demand for avocados. 

Until the pandemic is fully overcome, the risk of supply chain disruption due to asynchronous quarantine measures in different countries persists. Indonesia, meanwhile, remains the only country with self-sufficient avocado production, thereby being less susceptible to pandemic-related risks. 

Source: IndexBox AI Platform

Product coverage:
• FCL 572 - Avocados

This report provides an in-depth analysis of the avocado market in Asia-Pacific. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Macao SAR
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Solomon Islands
• Taiwan, Chinese
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan, Chinese
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Viet Nam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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