Canada: Avocado Market Overview 2021

Avocado Market Size in Canada

The Canadian avocado market contracted slightly to $X in 2020, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Avocado consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Avocado Exports

Exports from Canada

In 2020, the amount of avocados exported from Canada surged to X tonnes, increasing by X% against the year before. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, avocado exports soared to $X in 2020. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

France (X tonnes) was the main destination for avocado exports from Canada, with a X% share of total exports. Moreover, avocado exports to France exceeded the volume sent to the second major destination, Saint Pierre and Miquelon (X tonnes), sevenfold.

From 2007 to 2020, the average annual growth rate of volume to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Pierre and Miquelon (+X% per year) and Hong Kong SAR (+X% per year).

In value terms, France ($X) remains the key foreign market for avocado exports from Canada, comprising X% of total exports. The second position in the ranking was occupied by Saint Pierre and Miquelon ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Pierre and Miquelon (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2020, the average avocado export price amounted to $X per tonne, remaining relatively unchanged against the previous year. In general, the export price, however, showed a slight setback. The growth pace was the most rapid in 2011 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Saint Pierre and Miquelon ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saint Pierre and Miquelon, while the prices for the other major destinations experienced mixed trend patterns.

Avocado Imports

Imports into Canada

In 2020, approx. X tonnes of avocados were imported into Canada; therefore, remained relatively stable against 2019 figures. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, avocado imports shrank modestly to $X in 2020. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Mexico (X tonnes) was the main avocado supplier to Canada, accounting for a X% share of total imports. Moreover, avocado imports from Mexico exceeded the figures recorded by the second-largest supplier, Peru (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico amounted to +X%.

In value terms, Mexico ($X) constituted the largest supplier of avocado to Canada, comprising X% of total imports. The second position in the ranking was occupied by Peru ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Mexico amounted to +X%.

Import Prices by Country

In 2020, the average avocado import price amounted to $X per tonne, flattening at the previous year. In general, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, avocado import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Mexico ($X per tonne), while the price for Peru stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

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The countries with the highest volumes of avocado consumption in 2020 were Mexico (1.3M tonnes), the U.S. (1.2M tonnes) and the Dominican Republic (692K tonnes), together comprising 41% of global consumption. Colombia, Indonesia, Haiti, Brazil, Kenya, Peru, China, France, Venezuela and Guatemala lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of avocados in the world?

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The country with the largest volume of avocado production was Mexico (2.4M tonnes), accounting for 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (736K tonnes), threefold. Peru (606K tonnes) ranked third in terms of total production with a 8.1% share.

What are the leading suppliers of avocados to Canada?

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In value terms, Mexico ($221M) constituted the largest supplier of avocado to Canada, comprising 94% of total imports. The second position in the ranking was occupied by Peru ($8.8M), with a 3.8% share of total imports.

What are the leading importers of avocados from Canada?

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In value terms, France ($31K) remains the key foreign market for avocado exports from Canada, comprising 84% of total exports. The second position in the ranking was occupied by Saint Pierre and Miquelon ($4.5K), with a 12% share of total exports.

What is the average export price for avocados in Canada?

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The average avocado export price stood at $1,403 per tonne in 2020, stabilizing at the previous year.

What is the average import price for avocados in Canada?

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The average avocado import price stood at $2,506 per tonne in 2020, standing approx. at the previous year.