Global Avocado Market Overview 2021

Avocado Market Size

The global avocado market stood at $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Global consumption peaked in 2020 and is expected to retain growth in years to come.

Avocado Production

In value terms, avocado production rose rapidly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2011 when the production volume increased by X% y-o-y. Over the period under review, global production reached the peak level in 2020 and is likely to continue growth in the immediate term.

Mexico (X tonnes) constituted the country with the largest volume of avocado production, 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), threefold. The third position in this ranking was occupied by Peru (X tonnes), with a X% share.

In Mexico, avocado production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Peru (+X% per year).

In 2020, the global average avocado yield stood at X tonnes per ha, remaining constant against the previous year. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2009 when the yield increased by X% y-o-y. Over the period under review, the average avocado yield attained the maximum level in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the global harvested area of avocados reached X ha, picking up by X% against 2019. Overall, the total harvested area indicated a noticeable expansion from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen-year period. 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 pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. The global harvested area peaked in 2020 and is likely to continue growth in the near future.

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), threefold. The third position in this ranking was occupied by Peru (X tonnes), with a X% share.

In Mexico, avocado production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Peru (+X% per year).

Avocado Exports

Exports

In 2020, the amount of avocados exported worldwide rose remarkably to X tonnes, surging by X% against 2019 figures. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Global exports peaked in 2020 and are expected to retain growth in years to come.

In value terms, avocado exports reached $X in 2020. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, global exports hit record highs in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Mexico was the key exporter of avocados in the world, with the volume of exports finishing at X tonnes, which was approx. X% of total exports in 2020. It was distantly followed by Peru (X tonnes), the Netherlands (X tonnes) and Spain (X tonnes), together making up a X% share of total exports. Chile (X tonnes), the U.S. (X tonnes), Kenya (X tonnes), South Africa (X tonnes), Colombia (X tonnes) and the Dominican Republic (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to avocado exports from Mexico stood at +X%. At the same time, Colombia (+X%), the U.S. (+X%), Peru (+X%), the Netherlands (+X%), Kenya (+X%), Spain (+X%), the Dominican Republic (+X%) and South Africa (+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. 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.), Mexico (+X p.p.), the U.S. (+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.

In Mexico, avocado exports expanded at an average annual rate of +X% over the period from 2007-2020. 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, stabilizing at the previous year. Over the period from 2007 to 2020, 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. Over the period under review, average export prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Chile ($X per tonne), while South Africa ($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, while the other global leaders experienced more modest paces of growth.

Avocado Imports

Imports

In 2020, the amount of avocados imported worldwide expanded notably to X tonnes, growing by X% against the previous year. Overall, imports recorded strong growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Global imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, avocado imports rose sharply to $X in 2020. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2020 and are expected to retain growth in the near future.

Imports by Country

The U.S. represented the key importer of avocados in the world, with the volume of imports resulting at X tonnes, which was near X% of total imports in 2020. It was distantly followed by the Netherlands (X tonnes), Spain (X tonnes) and France (X tonnes), together committing a X% share of total imports. The UK (X tonnes), Germany (X tonnes), Canada (X tonnes) and Japan (X tonnes) followed a long way behind the leaders.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2020. At the same time, Spain (+X%), the Netherlands (+X%), Germany (+X%), Canada (+X%), Japan (+X%), the UK (+X%) and France (+X%) displayed positive paces of growth. Moreover, Spain 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 U.S. and Spain increased by +X%, +X% and +X% percentage points, while the UK (-X p.p.) and France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the U.S., avocado imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: 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, leveling off at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

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 ($X per tonne) and the U.S. ($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, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

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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?

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Mexico (2.4M tonnes) remains the largest avocado producing country worldwide, accounting for 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 exporters of avocados in the world?

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In value terms, Mexico ($2.7B) remains the largest avocado supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by the Netherlands ($1.1B), with a 16% share of global exports. It was followed by Peru, with a 15% share.

What are the leading importers of avocados in the world?

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In value terms, the U.S. ($2.5B) constitutes the largest market for imported avocados worldwide, comprising 36% of global imports. The second position in the ranking was occupied by the Netherlands ($1B), with a 15% share of global imports. It was followed by France, with a 7.4% share.

What is the average export price for avocados in the world?

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In 2020, the average avocado export price amounted to $2,616 per tonne, standing approx. at the previous year.

What is the average import price for avocados in the world?

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The average avocado import price stood at $2,584 per tonne in 2020, almost unchanged from the previous year.