Chile: Avocado Market Overview 2020

Avocado Market Size in Chile

The revenue of the avocado market in Chile amounted to $X in 2018, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Avocado consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Avocado Production in Chile

In value terms, avocado production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. In that year, avocado production attained its peak level of $X. From 2010 to 2018, avocado production growth remained at a lower figure.

In 2018, the average avocado yield in Chile stood at X tonne per ha, waning by -X% against the previous year. Overall, the avocado yield continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2009 when yield increased by X% year-to-year. Over the period under review, the average avocado yield reached its maximum level at X tonne per ha in 2007; however, from 2008 to 2018, yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of avocados production in Chile stood at X ha, therefore, remained relatively stable against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to avocado production reached its peak figure at X ha in 2011; however, from 2012 to 2018, harvested area failed to regain its momentum.

Avocado Exports

Exports from Chile

Avocado exports from Chile stood at X tonnes in 2018, jumping by X% against the previous year. Overall, avocado exports continue to indicate a notable increase. The pace of growth was the most pronounced in 2009 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, avocado exports amounted to $X in 2018. Overall, avocado exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, avocado exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The Netherlands (X tonnes), the U.S. (X tonnes) and Argentina (X tonnes) were the main destinations of avocado exports from Chile, with a combined X% share of total exports. The UK, Germany, Spain and Norway lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Germany, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for avocado exported from Chile were the Netherlands ($X), the U.S. ($X) and the UK ($X), with a combined X% share of total exports. Germany, Argentina, Spain and Norway lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average avocado export price stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. In general, the export price indicated buoyant 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 export price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for avocados attained their peak figure at $X per tonne in 2017, leveling off in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Norway ($X per tonne), while the average price for exports to Argentina ($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 the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Chile

In 2018, the avocado imports into Chile stood at X tonnes, surging by X% against the previous year. Over the period under review, avocado imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, avocado imports reached their peak figure at X tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure.

In value terms, avocado imports totaled $X in 2018. Over the period under review, avocado imports continue to indicate an extraordinary expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Peru (X tonnes), Mexico (X tonnes) and Argentina (X tonnes) were the main suppliers of avocado imports to Chile, 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 Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest avocado suppliers to Chile were Peru ($X), Mexico ($X) and Argentina ($X), together accounting for X% of total imports.

Peru (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average avocado import price stood at $X per tonne in 2018, shrinking by -X% against the previous year. Overall, the import price indicated remarkable growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. 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 2014 indices. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% y-o-y. In that year, the average import prices for avocados reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the average import prices for avocados failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Argentina ($X per tonne), while the price for Peru ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform