Colombia: Avocado Market 2024

Avocado Market Size in Colombia

The Colombian avocado market was finally on the rise to reach $X in 2022, after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Avocado Production in Colombia

In value terms, avocado production totaled $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

In 2022, the average avocado yield in Colombia fell to X tons per ha, declining by X% against the year before. Over the period under review, the yield recorded a perceptible contraction. The growth pace was the most rapid in 2018 when the yield increased by X%. Over the period under review, the average avocado yield hit record highs at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The avocado harvested area in Colombia totaled X ha in 2022, increasing by X% against the previous year. Overall, the harvested area posted resilient growth. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. The avocado harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Avocado Exports

Exports from Colombia

For the eleventh year in a row, Colombia recorded growth in overseas shipments of avocados, which increased by X% to X tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, avocado exports declined to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for avocado exports from Colombia, accounting for a X% share of total exports. Moreover, avocado exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the largest markets for avocado exported from Colombia were the Netherlands ($X), the United States ($X) and the UK ($X), together comprising X% of total exports.

The United States, with a CAGR of X%, recorded 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

The average avocado export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced a decline.

Avocado Imports

Imports into Colombia

In 2022, the amount of avocados imported into Colombia surged to X tons, with an increase of X% against the year before. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, avocado imports skyrocketed to $X in 2022. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Peru (X tons) constituted the largest avocado supplier to Colombia, accounting for a X% share of total imports. Moreover, avocado imports from Peru exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Guatemala (X% per year).

In value terms, Peru ($X) constituted the largest supplier of avocados to Colombia, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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