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

Global Avocado Market Overview 2019

Avocado Market Size

The global avocado market revenue amounted to $X in 2018, waning by -X% against the previous year. In general, the total market indicated strong growth from 2013 to 2018: its value increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. In that year, the global avocado market reached its peak level of $X, and then declined slightly in the following year.

Avocado Production

In value terms, avocado production stood at $X in 2018 estimated in export prices. In general, avocado production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, global avocado production reached its peak level of $X, and then declined slightly in the following year.

Mexico (X tonnes) remains the largest avocado producing country worldwide, comprising approx. X% of total production. Moreover, avocado production in Mexico exceeded the figures recorded by the world's second-largest producer, the Dominican Republic (X tonnes), threefold. Peru (X tonnes) ranked third in terms of total production with a X% share.

From 2013 to 2018, the average annual growth rate 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).

Global average avocado yield amounted to X tonne per ha in 2018, surging by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. The global avocado yield peaked in 2018 and is likely to see steady 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.

Global avocado harvested area totaled X ha in 2018, jumping by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to avocado production attained its peak figure in 2018 and is likely to see steady growth in the immediate term.

Production By Country

Mexico (X tonnes) constituted the country with the largest volume of avocado production, comprising approx. X% of total production. Moreover, avocado production in Mexico exceeded the figures recorded by the world's second-largest producer, the Dominican Republic (X tonnes), threefold. Peru (X tonnes) ranked third in terms of total production with a X% share.

From 2013 to 2018, the average annual growth rate 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 2007-2018

In 2018, approx. X tonnes of avocados were exported worldwide; rising by X% against the previous year. In general, the total exports indicated a strong increase from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, global avocado exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, avocado exports stood at $X in 2018. In general, avocado exports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, global avocado exports reached their peak figure in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

In 2018, Mexico (X tonnes) was the major exporter of avocados, comprising X% of total exports. It was distantly followed by Peru (X tonnes), the Netherlands (X tonnes) and Chile (X tonnes), together generating a X% share of total exports. The following exporters - Spain (X tonnes), South Africa (X tonnes), Kenya (X tonnes) and the U.S. (X tonnes) - together made up X% of total exports.

From 2013 to 2018, average annual rates of growth with regard to avocado exports from Mexico stood at +X%. At the same time, Peru (+X%), the Netherlands (+X%), Kenya (+X%), Chile (+X%), South Africa (+X%), Spain (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2013-2018. Mexico (+X p.p.), Peru (+X p.p.), the Netherlands (+X p.p.), Chile (+X p.p.), Spain (+X p.p.) and Kenya (+X p.p.) significantly strengthened its position in terms of the global exports, while 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 2013-2018. 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

In 2018, the average avocado export price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the export price indicated resilient growth from 2013 to 2018: its price increased at an average annual rate of +X% over the last five-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 most prominent rate of growth was recorded in 2017 an increase of X% against the previous 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.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per tonne), while Kenya ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Avocado Imports

Imports 2007-2018

In 2018, approx. X tonnes of avocados were imported worldwide; increasing by X% against the previous year. Over the period under review, the total imports indicated a buoyant increase from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, avocado imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, global avocado imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, avocado imports amounted to $X in 2018. Overall, avocado imports continue to indicate extraordinary growth. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, global avocado imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tonnes) was the main importer of avocados, committing X% of total imports. The Netherlands (X tonnes) took an X% share (based on tonnes) of total imports, which put it in second place, followed by France (X%), Canada (X%), the UK (X%) and Spain (X%). Germany (X tonnes), Japan (X tonnes) and China (X tonnes) followed a long way behind the leaders.

From 2013 to 2018, average annual rates of growth with regard to avocado imports into the U.S. stood at +X%. At the same time, Germany (+X%), the UK (+X%), Spain (+X%), China (+X%), Canada (+X%), the Netherlands (+X%), France (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2013-2018. The U.S. (+X p.p.), the Netherlands (+X p.p.), Canada (+X p.p.), the UK (+X p.p.), Spain (+X p.p.), Germany (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global imports, while 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 Canada, with a X% share.

In the U.S., avocado imports expanded at an average annual rate of +X% over the period from 2013-2018. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average avocado import price stood at $X per tonne in 2018, going down by -X% against the previous year. Over the last five years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. In that year, the average import prices for avocados attained their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the Netherlands ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform