Canada: Avocado Market Overview 2020

Avocado Market Size in Canada

The revenue of the avocado market in Canada amounted to $X in 2018, going up by X% against 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). In general, avocado consumption continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, the avocado market attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Avocado Exports

Exports from Canada

Avocado exports from Canada stood at X tonnes in 2018, declining by -X% against the previous year. In general, avocado exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, avocado exports attained their peak figure at X tonnes in 2017, and then declined slightly in the following year.

In value terms, avocado exports totaled $X in 2018. In general, avocado exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, avocado exports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

China, Hong Kong SAR (X tonnes) was the main destination for avocado exports from Canada, accounting for a X% share of total exports. Moreover, avocado exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, France (X tonnes), twofold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to China, Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the U.S. (+X% per year).

In value terms, China, Hong Kong SAR ($X) remains the key foreign market for avocado exports from Canada, comprising X% of total avocado exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value to China, Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

In 2018, the average avocado export price amounted to $X per tonne, remaining constant against the previous year. Overall, the export price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado export price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Norway ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced mixed trend patterns.

Avocado Imports

Imports into Canada

Avocado imports into Canada amounted to X tonnes in 2018, jumping by X% against the previous year. Over the period under review, avocado imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, avocado imports amounted to $X in 2018. Overall, avocado imports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Mexico (X tonnes) and the U.S. (X tonnes) were the main suppliers of avocado imports to Canada, together accounting for X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the U.S..

In value terms, the largest avocado suppliers to Canada were Mexico ($X) and the U.S. ($X), together comprising X% of total imports.

The U.S. recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years.

Import Prices by Country

In 2018, the average avocado import price amounted to $X per tonne, remaining stable against the previous year. Over the period under review, the import price indicated tangible growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, the average import prices for avocados reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for Mexico totaled $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform