
U.S. - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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U.S. Avocado Imports Increased Fourfold in Past Decade
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.
Imports into the U.S.
For the fourth consecutive year, the U.S. recorded growth in supplies from abroad of avocados, which increased by 31% to 1.4M tonnes in 2020. In value terms, purchases amounted to $2.4B (IndexBox estimates). Over the past decade, U.S. avocado imports soared fourfold in physical terms.
Mexico (1.3M tonnes) was the main avocado supplier to the U.S., with a 92% share of total volume. Moreover, imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (85K tonnes), more than tenfold.
In value terms, Mexico ($2.2B) constituted the largest supplier of avocado to the U.S., comprising 91% of total imports. The second position in the ranking was occupied by Peru ($174M), with a 7.1% share of total purchases.
From 2010 to 2020, the average annual growth rate of value from Mexico totaled +15.8% per year. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+88.0% per year) and the Dominican Republic (+9.3% per year).
The average avocado import price stood at $1,685 per tonne in 2020, shrinking by -35% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($2,059 per tonne), while the price for the Dominican Republic ($1,343 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by the Dominican Republic, while the prices for the other major suppliers experienced a decline.
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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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