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Colombia - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Avocado Market Overview 2021

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Avocado Market Size in Colombia

In 2020, the Colombian avocado market increased by X% to $X, rising for the third year in a row after four years of decline. In general, consumption recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Avocado consumption peaked in 2020 and is expected to retain growth in the immediate term.

Avocado Production in Colombia

In value terms, avocado production soared to $X in 2020 estimated in export prices. Over the period under review, production saw resilient growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Avocado production peaked in 2020 and is likely to see gradual growth in years to come.

In 2020, the average yield of avocados in Colombia declined slightly to X tonnes per ha, falling by -X% on 2019. Overall, the yield saw a slight decline. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the average avocado yield attained the maximum level at X tonnes per ha in 2007; however, from 2008 to 2020, the 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 2020, the total area harvested in terms of avocados production in Colombia rose significantly to X ha, with an increase of X% compared with the previous year's figure. In general, the harvested area showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to avocado production attained the peak figure in 2020 and is expected to retain growth in the immediate term.

Avocado Exports

Exports from Colombia

For the fourteenth year in a row, Colombia recorded growth in shipments abroad of avocados, which increased by X% to X tonnes in 2020. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, avocado exports surged to $X in 2020. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tonnes) was the main destination for avocado exports from Colombia, with a X% share of total exports. Moreover, avocado exports to the Netherlands exceeded the volume sent to the second major destination, Spain (X tonnes), twofold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, 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: Spain (+X% per year) and the UK (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for avocado exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and the UK (X% per year).

Export Prices by Country

The average avocado export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, export price indicated a remarkable 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 export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Norway ($X per tonne), while the average price for exports to the Netherlands ($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 Spain, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Colombia

In 2020, the amount of avocados imported into Colombia declined rapidly to X tonnes, shrinking by -X% compared with 2019. In general, imports showed a precipitous curtailment. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2010 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, avocado imports dropped markedly to $X in 2020. Overall, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2010 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Ecuador (X tonnes) was the main supplier of avocado to Colombia, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Ecuador amounted to -X%.

In value terms, Ecuador ($X) constituted the largest supplier of avocado to Colombia.

From 2007 to 2020, the average annual rate of growth in terms of value from Ecuador stood at -X%.

Import Prices by Country

In 2020, the average avocado import price amounted to $X per tonne, growing by X% against the previous year. Overall, import price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. 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 2018 indices. The growth pace was the most rapid in 2018 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2019 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2007 to 2020, the rate of growth in terms of prices for Ecuador amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?
+
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 accounting for 41% of global consumption. These countries were followed by Colombia, Indonesia, Haiti, Brazil, Kenya, Peru, China, France, Venezuela and Guatemala, which together accounted for a further 33%.
What are the largest producers of avocados in the world?
+
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. 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 Colombia?
+
In value terms, Ecuador ($52K) constituted the largest supplier of avocado to Colombia.
What are the leading importers of avocados from Colombia?
+
In value terms, the Netherlands ($45M) remains the key foreign market for avocado exports from Colombia, comprising 42% of total exports. The second position in the ranking was occupied by Spain ($21M), with a 20% share of total exports. It was followed by the UK, with a 19% share.
What is the average export price for avocados in Colombia?
+
In 2020, the average avocado export price amounted to $2,213 per tonne, picking up by 11% against the previous year.
What is the average import price for avocados in Colombia?
+
In 2020, the average avocado import price amounted to $1,633 per tonne, with an increase of 3.7% against the previous year.

Product coverage:
• FCL 572 - Avocados

This report provides an in-depth analysis of the avocado market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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