Mexico: Avocado Market Overview 2021

Avocado Market Size in Mexico

The Mexican avocado market stood at $X in 2020, with an increase of X% against the previous year. Overall, consumption recorded a temperate increase. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2018 to 2020, the growth of the market remained at a somewhat lower figure.

Avocado Production in Mexico

In value terms, avocado production reduced slightly to $X in 2020 estimated in export prices. Overall, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production remained at a lower figure.

The average yield of avocados in Mexico was estimated at X tonnes per ha in 2020, remaining constant against 2019 figures. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the yield increased by X% year-to-year. The avocado yield peaked at X tonnes per ha in 2017; however, from 2018 to 2020, 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 2020, the avocado harvested area in Mexico rose notably to X ha, with an increase of X% compared with the year before. Overall, the total harvested area indicated a strong expansion from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, avocado harvested area increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to avocado production reached the maximum in 2020 and is likely to see gradual growth in the near future.

Avocado Exports

Exports from Mexico

For the third consecutive year, Mexico recorded growth in overseas shipments of avocados, which increased by X% to X tonnes in 2020. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to continue growth in the near future.

In value terms, avocado exports fell to $X in 2020. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2019, and then dropped in the following year.

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), tenfold. Japan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate 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. ($X) remains the key foreign market for avocado exports from Mexico, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value 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).

Export Prices by Country

In 2020, the average avocado export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Japan ($X per tonne) and Canada ($X per tonne), while the average price for exports to Spain ($X per tonne) and the U.S. ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Mexico

In 2020, purchases abroad of avocados was finally on the rise to reach X tonnes after three years of decline. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, avocado imports soared to $X in 2020. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tonnes) was the main avocado supplier to Mexico, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%.

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

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at +X%.

Import Prices by Country

In 2020, the average avocado import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

+

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?

+

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. The third position in this ranking was occupied by Peru (606K tonnes), with a 8.1% share.

What are the leading suppliers of avocados to Mexico?

+

In value terms, the U.S. ($1M) constituted the largest supplier of avocado to Mexico.

What are the leading importers of avocados from Mexico?

+

In value terms, the U.S. ($2.2B) remains the key foreign market for avocado exports from Mexico, comprising 81% of total exports. The second position in the ranking was occupied by Canada ($223M), with a 8.1% share of total exports. It was followed by Japan, with a 4.6% share.

What is the average export price for avocados in Mexico?

+

In 2020, the average avocado export price amounted to $2,370 per tonne, waning by -6.4% against the previous year.

What is the average import price for avocados in Mexico?

+

The average avocado import price stood at $1,674 per tonne in 2020, reducing by -22.5% against the previous year.