Chile: Avocado Market Overview 2021

Avocado Market Size in Chile

The Chilean avocado market skyrocketed to $X in 2020, rising by X% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2007 to 2020: its value decreased 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, consumption increased by +X% against 2017 indices. Avocado consumption peaked at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Avocado Production in Chile

In value terms, avocado production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

The average yield of avocados in Chile dropped slightly to X tonnes per ha in 2020, declining by -X% on 2019. Over the period under review, the yield saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2009 when the yield increased by X% year-to-year. Over the period under review, the average avocado yield hit record highs at X tonnes per ha in 2007; however, from 2008 to 2020, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of avocados production in Chile stood at X ha, stabilizing at 2019 figures. Overall, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to avocado production attained the maximum at X ha in 2011; however, from 2012 to 2020, the harvested area failed to regain the momentum.

Avocado Exports

Exports from Chile

In 2020, exports of avocados from Chile shrank sharply to X tonnes, waning by -X% on the previous year's figure. In general, exports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, avocado exports rose sharply to $X in 2020. Overall, exports posted measured growth. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

The Netherlands (X tonnes) was the main destination for avocado exports from Chile, accounting for a X% share of total exports. Moreover, avocado exports to the Netherlands exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and the UK (+X% per year).

In value terms, the largest markets for avocado exported from Chile were the Netherlands ($X), the U.S. ($X) and the UK ($X), together accounting for X% of total exports. These countries were followed by China, Argentina and Spain, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average avocado export price amounted to $X per tonne, increasing by X% against the previous year. In general, export price indicated resilient growth 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. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked in 2020 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to the U.S. ($X per tonne) and the UK ($X per tonne), while the average price for exports to Argentina ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Argentina, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Chile

In 2020, purchases abroad of avocados decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, imports showed a slight descent. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2019, and then plummeted in the following year.

In value terms, avocado imports dropped sharply to $X in 2020. Overall, imports saw a pronounced expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then declined notably in the following year.

Imports by Country

In 2020, Peru (X tonnes) constituted the largest avocado supplier to Chile, accounting for a X% share of total imports. Moreover, avocado imports from Peru exceeded the figures recorded by the second-largest supplier, Mexico (X tonnes), ninefold.

From 2007 to 2020, the average annual growth rate of volume from Peru stood at -X%.

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

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

Import Prices by Country

In 2020, the average avocado import price amounted to $X per tonne, increasing by X% against the previous year. In general, import price indicated a tangible increase 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 most prominent rate of growth was recorded in 2009 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

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 amounted to $X per tonne.

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

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), with a combined 41% share of global consumption. Colombia, Indonesia, Haiti, Brazil, Kenya, Peru, China, France, Venezuela and Guatemala lagged somewhat behind, together comprising a further 33%.

What are the largest producers of avocados in the world?

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Mexico (2.4M tonnes) remains the largest avocado producing country worldwide, 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. The third position in this ranking was occupied by Peru (606K tonnes), with a 8.1% share.

What are the leading suppliers of avocados to Chile?

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In value terms, Peru ($131K) constituted the largest supplier of avocado to Chile, comprising 85% of total imports. The second position in the ranking was occupied by Mexico ($18K), with a 11% share of total imports.

What are the leading importers of avocados from Chile?

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In value terms, the largest markets for avocado exported from Chile were the Netherlands ($126M), the U.S. ($67M) and the UK ($51M), with a combined 69% share of total exports. China, Argentina and Spain lagged somewhat behind, together comprising a further 22%.

What is the average export price for avocados in Chile?

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The average avocado export price stood at $3,332 per tonne in 2020, increasing by 46% against the previous year.

What is the average import price for avocados in Chile?

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The average avocado import price stood at $1,677 per tonne in 2020, surging by 3.9% against the previous year.