Mexico - Avocados - Market Analysis, Forecast, Size, Trends and Insights

Mexico: Avocado Market Overview 2019

Avocado Market Size in Mexico

The revenue of the avocado market in Mexico amounted to $X in 2017, coming up by X% against the previous year. In general, avocado consumption continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. In that year, the avocado market attained their peak level, and is likely to continue its growth in the immediate term.

Avocado Production in Mexico

Avocado production in Mexico amounted to X tonnes in 2017, rising by X% against the previous year. In general, the total output indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the avocado production increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2016, when the output figure increased by X% against the previous year. The avocado production peaked in 2017, and is expected to retain its growth in the near future. Avocado output in Mexico indicated a prominent expansion, which was largely conditioned by a remarkable increase of the harvested area and a relatively flat trend pattern in yield figures.

Average yield of avocados in Mexico totaled X tonne per ha in 2017, surging by X% against the previous year. Overall, avocado yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the average avocado yield reached its peak figure level in 2017, and is likely to continue its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, approx. X ha of avocados were harvested in Mexico; coming up by X% against the previous year. In general, the total harvested area indicated a remarkable growth from 2007 to 2017: its figure increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the avocado harvested area increased by +X% against 2007 indices. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. The avocado harvested area peaked in 2017, and is likely to continue its growth in the near future.

Avocado Exports from Mexico

In 2017, approx. X tonnes of avocados were exported from Mexico; falling by -X% against the previous year. In general, avocado exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. The exports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, avocado exports totaled $X in 2017. In general, avocado exports continue to indicate a strong increase. The exports peaked in 2017, and are likely to see steady growth in the near future.

Avocado Exports by Country from Mexico

The U.S. (X tonnes) was the main destination of avocado exports from Mexico, accounting for X% share of total exports. Moreover, avocado exports to the U.S. exceeded the volume sent to the second major destination, Canada (X tonnes), more than tenfold. Japan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Japan (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for avocado exports from Mexico, making up X% of total avocado exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2017, the average annual growth rate of value to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Japan (+X% per year).

Avocado Export Prices by Country in Mexico

The average avocado export price stood at $X per tonne in 2017, going up by X% against the previous year. In general, the export price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the avocado export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017, an increase of X% y-o-y. In that year, the average export prices for avocados reached their peak level, and is likely to continue its growth in the immediate term.

Average export prices varied noticeably for the major foreign markets. In 2017, the highest prices were recorded for export prices to Japan ($X per tonne) and the U.S. ($X per tonne), while average price for exports to Canada ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Japan (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Avocado Imports into Mexico

In 2017, imports of avocados into Mexico amounted to X tonnes, dropping by -X% against the previous year. Overall, avocado imports continue to indicate a dramatic deduction. The pace of growth was the most pronounced in 2011, when imports increased by -X% y-o-y. The imports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, avocado imports amounted to $X in 2017. Overall, avocado imports continue to indicate a dramatic contraction. In that year, the avocado imports reached their peak level of $X. From 2013 to 2017, growth of the avocado imports failed to regain its momentum.

Avocado Imports by Country into Mexico

In 2017, Peru (X tonnes) was the main avocado supplier to Mexico, accounting for X% share of total imports. Moreover, avocado imports from Peru exceeded the figures recorded by the second largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2017, the average annual growth rate of volume from Peru amounted to +X%.

In value terms, Peru ($X) and the U.S. ($X) constituted the largest avocado suppliers to Mexico.

In terms of the main suppliers , Peru (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade.

Avocado Import Prices by Country in Mexico

In 2017, the average avocado import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price indicated a mild increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the avocado import price decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2012, when the average import prices increased by X% year-to-year. In that year, the average import prices for avocados attained their peak level of $X per tonne. From 2013 to 2017, growth of the average import prices for avocados stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was the U.S. ($X per kg), while prices for avocado imports from Peru ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Peru (+X% per year).

Source: IndexBox AI Platform