Eastern Asia: Avocado Market 2024

Avocado Market Size in Eastern Asia

In 2022, the East Asian avocado market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. The total consumption indicated a prominent increase 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. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Avocado Production in Eastern Asia

In value terms, avocado production reached $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The country with the largest volume of avocado production was China (X tons), accounting for X% of total volume.

In China, avocado production remained relatively stable over the period from 2012-2022.

The average avocado yield reduced slightly to X tons per ha in 2022, shrinking by X% on the year before. The yield indicated notable growth from 2012 to 2022: its figure 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, avocado yield decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the avocado 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 2022, the total area harvested in terms of avocados production in Eastern Asia rose remarkably to X ha, growing by X% compared with the previous year's figure. Over the period under review, the harvested area, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

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Avocado Exports

Exports in Eastern Asia

In 2022, approx. X tons of avocados were exported in Eastern Asia; which is down by X% on the previous year's figure. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, avocado exports fell remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped notably in the following year.

Exports by Country

The biggest shipments were from Hong Kong SAR (X tons), together reaching X% of total export.

Hong Kong SAR was also the fastest-growing in terms of the avocados exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) also remains the largest avocado supplier in Eastern Asia.

In Hong Kong SAR, avocado exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to X% per year.

Avocado Imports

Imports in Eastern Asia

In 2022, avocado imports in Eastern Asia declined significantly to X tons, falling by X% compared with 2021. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, avocado imports declined markedly to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

Japan (X tons) and China (X tons) represented the main importers of avocados in 2022, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Hong Kong SAR (X tons) and South Korea (X tons), together creating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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