Japan: Avocado Market Overview 2021

Avocado Market Size in Japan

The Japanese avocado market expanded rapidly to $X in 2020, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a strong increase. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in years to come.

Avocado Exports

Exports from Japan

After two years of growth, overseas shipments of avocados decreased by -X% to X tonnes in 2020. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports remained at a lower figure.

In value terms, avocado exports dropped remarkably to $X in 2020. Overall, exports, however, recorded a pronounced slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for avocado exports from Japan, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Hong Kong SAR stood at -X%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for avocado exports from Japan.

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR amounted to -X%.

Export Prices by Country

In 2020, the average avocado export price amounted to $X per tonne, with an increase of X% against the previous year. In general, the export price, however, showed a abrupt slump. The growth pace was the most rapid in 2019 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

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

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

Avocado Imports

Imports into Japan

For the third consecutive year, Japan recorded growth in supplies from abroad of avocados, which increased by X% to X tonnes in 2020. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, avocado imports rose markedly to $X in 2020. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average avocado import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced mixed trend patterns.

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. 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?

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Mexico (2.4M tonnes) remains the largest avocado producing country worldwide, comprising approx. 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (736K tonnes), threefold. Peru (606K tonnes) ranked third in terms of total production with a 8.1% share.

What are the leading suppliers of avocados to Japan?

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In value terms, Mexico ($190M) constituted the largest supplier of avocado to Japan, comprising 85% of total imports. The second position in the ranking was occupied by Peru ($24M), with a 11% share of total imports.

What are the leading importers of avocados from Japan?

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In value terms, Hong Kong SAR ($14K) remains the key foreign market for avocado exports from Japan.

What is the average export price for avocados in Japan?

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The average avocado export price stood at $3,527 per tonne in 2020, with an increase of 6.1% against the previous year.

What is the average import price for avocados in Japan?

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In 2020, the average avocado import price amounted to $2,816 per tonne, with an increase of 7.9% against the previous year.