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

Mexico: Avocado Market Overview 2020

Avocado Market Size in Mexico

The revenue of the avocado market in Mexico amounted to $X in 2018, going down by -X% against the previous year. Overall, avocado consumption, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. In that year, the avocado market reached its peak level of $X, and then declined slightly in the following year.

Avocado Production in Mexico

In value terms, avocado production totaled $X in 2018 estimated in export prices. In general, avocado production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Avocado production peaked in 2018 and is likely to see steady growth in the near future.

In 2018, the average yield of avocados in Mexico stood at X tonne per ha, remaining relatively unchanged against the previous year. Over the period under review, the avocado yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when yield increased by X% year-to-year. Avocado yield peaked in 2018 and is likely to continue its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of avocados were harvested in Mexico; growing by X% against the previous year. Overall, the total harvested area indicated resilient growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado harvested area increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2013 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to avocado production reached its peak figure in 2018 and is expected to retain its growth in the immediate term.

Avocado Exports

Exports from Mexico

In 2018, approx. X tonnes of avocados were exported from Mexico; rising by X% against the previous year. Overall, avocado exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the near future.

In value terms, avocado exports amounted to $X in 2018. In general, avocado exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

The U.S. (X tonnes) was the main destination for avocado exports from Mexico, with a X% share of total exports. Moreover, avocado exports to the U.S. exceeded the volume sent to the second major destination, Canada (X tonnes), ninefold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. amounted to +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. ($X) remains the key foreign market for avocado exports from Mexico, comprising X% of total avocado exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value 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).

Export Prices by Country

The average avocado export price stood at $X per tonne in 2018, approximately mirroring the previous year. In general, the export price indicated a resilient expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado export price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% year-to-year. In that year, the average export prices for avocados reached their peak level of $X per tonne, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Canada ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Mexico

In 2018, the imports of avocados into Mexico amounted to X kg, lowering by -X% against the previous year. In general, avocado imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, avocado imports reached their peak of X tonnes, and then declined slightly in the following year.

In value terms, avocado imports stood at $X in 2018. In general, avocado imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Over the period under review, avocado imports reached their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Peru (X kg) constituted the largest avocado supplier to Mexico, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Peru amounted to -X%.

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

From 2007 to 2018, the average annual rate of growth in terms of value from Peru amounted to -X%.

Import Prices by Country

The average avocado import price stood at $X per tonne in 2018, surging by X% against the previous year. In general, the avocado import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2015 an increase of X% year-to-year. The import price peaked in 2018 and is likely to see steady growth in the immediate term.

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

From 2007 to 2018, the rate of growth in terms of prices for Peru amounted to +X% per year.

Source: IndexBox AI Platform