Global Avocado Market 2022

Production By Country

The country with the largest volume of avocado production was Mexico (X tonnes), comprising approx. X% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (X tonnes), fourfold. Peru (X tonnes) ranked third in terms of total production with an X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Mexico amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: the Dominican Republic (+X% per year) and Peru (+X% per year).

Avocado Exports

Exports

For the tenth consecutive year, the global market recorded growth in overseas shipments of avocados, which increased by X% to X tonnes in 2020. In general, exports showed prominent growth. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. The global exports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, avocado exports stood at $X in 2020. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure in 2020 and are likely to continue growth in years to come.

Exports by Country

In 2020, Mexico (X tonnes) was the largest exporter of avocados, comprising X% of total exports. It was distantly followed by Peru (X tonnes), the Netherlands (X tonnes) and Spain (X tonnes), together comprising a X% share of total exports. Chile (X tonnes), Kenya (X tonnes), the United States (X tonnes), Colombia (X tonnes), South Africa (X tonnes) and the Dominican Republic (X tonnes) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, Colombia (+X%), the United States (+X%), Peru (+X%), the Netherlands (+X%), Kenya (+X%), Spain (+X%) and the Dominican Republic (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. South Africa experienced a relatively flat trend pattern. By contrast, Chile (-X%) illustrated a downward trend over the same period. While the share of Peru (+X p.p.), the Netherlands (+X p.p.), the United States (+X p.p.) and Colombia (+X p.p.) increased significantly in terms of the global exports from 2007-2020, the share of South Africa (-X p.p.) and Chile (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest avocado supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by Peru, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico amounted to +X%. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and Peru (+X% per year).

Export Prices by Country

The average avocado export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% y-o-y. The global export price peaked at $X per tonne in 2017; however, from 2018 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Spain ($X per tonne), while Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Chile (+X%), while the other global leaders experienced more modest paces of growth.

Avocado Imports

Imports

For the twelfth year in a row, the global market recorded growth in overseas purchases of avocados, which increased by X% to X tonnes in 2020. In general, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Over the period under review, global imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, avocado imports expanded remarkably to $X in 2020. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Global imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, the United States (X tonnes) represented the key importer of avocados, making up X% of total imports. It was distantly followed by the Netherlands (X tonnes), Spain (X tonnes), France (X tonnes) and Canada (X tonnes), together creating a X% share of total imports. Germany (X tonnes), the UK (X tonnes), Japan (X tonnes) and Russia (X tonnes) took a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to avocado imports into the United States stood at +X%. At the same time, Russia (+X%), the Netherlands (+X%), Spain (+X%), Germany (+X%), Canada (+X%), Japan (+X%), the UK (+X%) and France (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of the Netherlands, the United States and Spain increased by +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported avocados worldwide, comprising X% of global imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in the United States totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average avocado import price amounted to $X per tonne, waning by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Global import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($X per tonne) and France ($X per tonne), while Spain ($X per tonne) and the United States ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform