U.S. - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAvocado Price in America Increases by 2% to $1,787 per Ton
U.S. Avocado Import Price in January 2023
In January 2023, the avocado price stood at $1,787 per ton (CIF, US), rising by 1.7% against the previous month. In general, the import price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 23% m-o-m. As a result, import price reached the peak level of $4,331 per ton. From May 2022 to January 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($1,804 per ton), while the price for the Dominican Republic stood at $1,201 per ton.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (-0.7%), while the prices for the other major suppliers experienced a decline.
U.S. Avocado Imports
In January 2023, the amount of avocados imported into the United States reached 125K tons, with an increase of 10% against the month before. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 37% against the previous month. Imports peaked in January 2023.
In value terms, avocado imports rose remarkably to $223M (IndexBox estimates) in January 2023. Overall, imports, however, saw a perceptible reduction. The pace of growth was the most pronounced in March 2022 with an increase of 49% against the previous month. Imports peaked at 364K tons in January 2022; however, from February 2022 to January 2023, imports failed to regain momentum.
U.S. Avocado Imports by Country
In January 2023, Mexico (119K tons) was the main supplier of avocado to the United States, with a 96% share of total imports. Moreover, avocado imports from Mexico exceeded the figures recorded by the second-largest supplier, the Dominican Republic (4.3K tons), more than tenfold. From January 2022 to January 2023, the average monthly rate of growth in terms of volume from Mexico was relatively modest.
In value terms, Mexico ($215M) constituted the largest supplier of avocado to the United States, comprising 97% of total imports. The second position in the ranking was taken by the Dominican Republic ($5.1M), with a 2.3% share of total imports. From January 2022 to January 2023, the average monthly growth rate of value from Mexico amounted to -4.1%.
What's behind the price increase?
One major factor is the continued rise in demand for avocados in the United States. As consumers become increasingly health-conscious and seek out fresh and nutritious foods, avocados have emerged as a popular choice. From avocado toast to guacamole, Americans can't seem to get enough of the green fruit.
However, supply has struggled to keep up with demand as farmers struggle with labor shortages and weather-related issues such as drought and wildfires. In addition, the COVID-19 pandemic has disrupted supply chains, leading to shortages in some locations and higher prices overall.
Another factor contributing to the increase in avocado prices is the impact of global trade policies. Trade tensions between the US and Mexico, which supplies over 80% of avocados to the US market, have disrupted supply chains and led to temporary spikes in prices.
Despite the higher prices, experts predict that demand for avocados will continue to grow, driven by increasing interest in healthy eating and the versatile nature of the fruit. However, it remains to be seen what impact ongoing supply and trade issues will have on prices in the long term.
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 2030.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
