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 2017, coming up by X% against the previous year. Overall, avocado consumption continues to indicate a remarkable growth. The growth pace was the most rapid in 2017, when market value increased by X% year-to-year. In that year, the global avocado market attained their peak level, and is likely to continue its growth in the immediate term.

Avocado Production

Global avocado production stood at X tonnes in 2017, going up by X% against the previous year. Overall, the total output indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the avocado production increased by +X% against 2008 indices. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% y-o-y. Global avocado production peaked in 2017, and is expected to retain its growth in the immediate term. The general positive trend in terms of avocado output was largely conditioned by a prominent expansion of the harvested area and a slight growth in yield figures.

Mexico (X tonnes) constituted the country with the largest volume of avocado production, accounting for 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 2007 to 2017, the average annual rate of growth in terms of volume in Mexico stood at +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).

In 2017, the global average yield of avocados amounted to X tonne per ha, picking up by X% against the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when yield increased by X% y-o-y. Global avocado yield peaked in 2017, 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 2017, the total area harvested in terms of avocados production worldwide stood at X ha, picking up by X% against the previous year. The harvested area increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013, when it surged by X% y-o-y. Over the period under review, the harvested area dedicated to avocado production reached its maximum in 2017, and is likely to continue its growth in the immediate term.

Avocado Exports

Exports 2007-2017

In 2017, approx. X tonnes of avocados were exported worldwide; rising by X% against the previous year. Overall, avocado exports continue to indicate a strong growth. The pace of growth was the most pronounced in 2009, when exports increased by X% year-to-year. Global exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, avocado exports totaled $X in 2017. Overall, avocado exports continue to indicate a prominent increase. Global exports peaked in 2017, and are likely to continue its growth in the near future.

Exports by Country

Mexico represented the largest exporter of avocados in the world, with the volume of exports finishing at X tonnes, which was near X% of total exports in 2017. It was distantly followed by Peru (X tonnes), the Netherlands (X tonnes), Chile (X tonnes) and Spain (X tonnes), together mixed up X% share of total exports. The following exporters - Kenya (X tonnes) and the U.S. (X tonnes) each finished at a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to avocado exports from Mexico stood at +X%. At the same time, Peru (+X%), the U.S. (+X%), the Netherlands (+X%), Kenya (+X%), Spain (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. While the share of Kenya (-X%), the U.S. (-X%), Spain (-X%), the Netherlands (-X%), Peru (-X%) and Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest avocado supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($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 2007-2017. 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 2017, going up by X% against the previous year. In general, the export price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the avocado export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. Global export price peaked in 2017, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the Netherlands ($X per tonne), while Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Peru (+X% per year), while the other global leaders experienced more modest paces of growth.

Avocado Imports

Imports 2007-2017

In 2017, approx. X tonnes of avocados were imported worldwide; surging by X% against the previous year. In general, avocado imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. Over the period under review, the global avocado imports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, avocado imports stood at $X in 2017. In general, avocado imports continue to indicate a prominent increase. Global imports peaked in 2017, and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. was the major importer of avocados in the world, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2017. The Netherlands (X tonnes) occupied the second position in the ranking, followed by France (X tonnes), the UK (X tonnes) and Spain (X tonnes). All these countries together took near X% share of total imports. The following importers - Canada (X tonnes), Germany (X tonnes), Japan (X tonnes) and China (X tonnes) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to avocado imports into the U.S. stood at +X%. At the same time, China (+X%), the Netherlands (+X%), Spain (+X%), Germany (+X%), Canada (+X%), Japan (+X%), the UK (+X%) and France (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. While the share of France (-X%), China (-X%), Japan (-X%), Germany (-X%), Canada (-X%), the UK (-X%), Spain (-X%), the Netherlands (-X%) and the U.S. (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in the U.S. amounted to +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

The average avocado import price stood at $X per tonne in 2017, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011, when the average import prices increased by X% against the previous year. Over the period under review, the average import prices for avocados reached its maximum level in 2017, and is expected to retain its growth in the immediate term.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Germany ($X per tonne) and Japan ($X per tonne), while Spain ($X per tonne) and the Netherlands ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Germany (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform