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U.S. - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing
Date: Jun 16, 2022
Avocado Prices Jump 23% in One Month
IndexBox has just published a new report: 'U.S. - Avocados - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
U.S. Avocado Import Prices by Country
The US avocado import price reaches $4,331 per tonne in Apr 2022, growing by 23% against the previous month. Overall, import price indicated a significant expansion from Jan 2021 to Apr 2022: its price increased at an average monthly rate of +145.3% over the last fifteen - month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, avocado import price increased by +74.1% against Oct 2021 indices. The growth pace was the most rapid in Mar 2021 an increase of 44% month-to-month. The import price peaked in Apr 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($4,492 per tonne), while the price for the Dominican Republic stood at $1,670 per tonne.
From Jan 2021 to Apr 2022, the most notable rate of growth in terms of prices was attained by Mexico (+152.1%).
Imports into the U.S.
Avocado imports into the United States reduced to 83K tonnes in Apr 2022, with a decrease of -12.6% on the month before. In general, imports saw a dramatic decrease. The most prominent rate of growth was recorded in Mar 2022 with an increase of 37% m-o-m. Imports peaked at 135K tonnes in Jan 2021; however, from Feb 2021 to Apr 2022, imports failed to regain momentum.
In value terms, avocado imports expanded remarkably to $358M (IndexBox estimates) in Apr 2022. Overall, total imports indicated a significant expansion from Jan 2021 to Apr 2022: its value decreased at an average monthly rate of -37.9% over the last fifteen months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on Apr 2022 figures, imports increased by +59.9% against Feb 2022 indices. The most prominent rate of growth was recorded in Mar 2021 when imports increased by 67% against the previous month. Over the period under review, imports attained the maximum at $364M in Jan 2022; however, from Feb 2022 to Apr 2022, imports failed to regain momentum.
Imports by Country
In Apr 2022, Mexico (77K tonnes) was the main avocado supplier to the United States, with a 94% share of total imports. Moreover, avocado imports from Mexico exceeded the figures recorded by the second-largest supplier, the Dominican Republic (4.1K tonnes), more than tenfold.
From Jan 2021 to Apr 2022, the average monthly growth rate of volume from Mexico amounted to -40.1%.
In value terms, Mexico ($347M) constituted the largest supplier of avocado to the United States, comprising 97% of total imports. The second position in the ranking was occupied by the Dominican Republic ($6.8M), with a 1.9% share of total imports.
From Jan 2021 to Apr 2022, the average monthly growth rate of value from Mexico totaled +51.0%.
Source: IndexBox Platform
This report provides an in-depth analysis of the avocado market in the U.S.. 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.
Product coverage:
• FCL 572 - Avocados
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2021
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
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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