Asia-Pacific: Avocado Market 2024

Avocado Market Size in Asia-Pacific

The Asia-Pacific avocado market reached $X in 2022, stabilizing at the previous year. Overall, consumption, however, recorded a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Avocado Production in Asia-Pacific

In value terms, avocado production expanded rapidly to $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of avocado production was Indonesia (X tons), comprising approx. X% of total volume. Moreover, avocado production in Indonesia exceeded the figures recorded by the second-largest producer, Vietnam (X tons), threefold. China (X tons) ranked third in terms of total production with a X% share.

In Indonesia, avocado production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (X% per year) and China (X% per year).

In 2022, the average avocado yield in Asia-Pacific reached X tons per ha, leveling off at the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the avocado yield reached the peak level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of avocados production in Asia-Pacific amounted to X ha, surging by X% compared with 2021 figures. The total harvested area indicated a notable expansion from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, avocado harvested area decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to avocado production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Avocado Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of avocados, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, avocado exports dropped remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined rapidly in the following year.

Exports by Country

New Zealand was the major exporter of avocados in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Australia (X tons) and Hong Kong SAR (X tons), together mixing up a X% share of total exports. The following exporters - the Philippines (X tons) and Myanmar (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest avocado supplying countries in Asia-Pacific were New Zealand ($X), Australia ($X) and Hong Kong SAR ($X), together accounting for X% of total exports. The Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Avocado Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas purchases of avocados, when their volume decreased by X% to X tons. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, avocado imports contracted sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Japan (X tons) and China (X tons) represented the largest importers of avocados in Asia-Pacific, together recording near X% of total imports. Hong Kong SAR (X tons) held the next position in the ranking, followed by Australia (X tons) and South Korea (X tons). All these countries together took near X% share of total imports. The following importers - Singapore (X tons) and Malaysia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Malaysia ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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