MERCOSUR: Avocado Market 2024

Avocado Market Size in MERCOSUR

In 2022, the MERCOSUR avocado market decreased by X% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated a noticeable expansion 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 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Avocado Production in MERCOSUR

In value terms, avocado production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Peru (X tons), Colombia (X tons) and Brazil (X tons), together comprising X% of total production.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average avocado yield in MERCOSUR reduced modestly to X tons per ha, therefore, remained relatively stable against the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the 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 avocado harvested area in MERCOSUR expanded slightly to X ha, surging by X% compared with the year before. The total harvested area indicated a prominent expansion 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 harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to avocado production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Avocado Exports

Exports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in overseas shipments of avocados, which increased by X% to X tons in 2022. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, avocado exports reduced rapidly to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

In 2022, Peru (X tons) represented the major exporter of avocados, making up X% of total exports. It was distantly followed by Chile (X tons) and Colombia (X tons), together committing a X% share of total exports.

Exports from Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Peru (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Chile (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) remains the largest avocado supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

In Peru, avocado exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced a decline in the export price figures.

Avocado Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas purchases of avocados, when their volume decreased by X% to X tons. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, avocado imports fell sharply to $X in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, Chile (X tons) represented the key importer of avocados, creating X% of total imports. It was distantly followed by Argentina (X tons), achieving a X% share of total imports. Uruguay (X tons) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the avocados imports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%) and Argentina (X%) displayed positive paces of growth. From 2012 to 2022, the share of Chile and Uruguay increased by X and X percentage points, respectively.

In value terms, the largest avocado importing markets in MERCOSUR were Chile ($X), Argentina ($X) and Uruguay ($X), with a combined X% share of total imports.

In terms of the main importing countries, Chile, 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

The import price in MERCOSUR stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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