Global Avocado Market Overview 2020

Avocado Market Size

The global avocado market amounted to $X in 2019, approximately reflecting the previous year. In general, consumption, however, showed strong growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Global consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Avocado Production

In value terms, avocado production reduced slightly to $X in 2019 estimated in export prices. Overall, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Over the period under review, global production hit record highs at $X in 2018, and then fell modestly in the following year.

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. Peru (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, 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).

The global average avocado yield dropped slightly to X tonnes per ha in 2019, which is down by -X% on the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the average avocado yield reached the peak level at X tonnes per ha in 2018, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the global harvested area of avocados was estimated at X ha, leveling off at 2018. Over the period under review, the total harvested area indicated a pronounced increase from 2007 to 2019: its figure increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 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. The global harvested area peaked in 2019 and is expected to retain 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 volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (X tonnes), threefold. Peru (X tonnes) ranked third in terms of total production with a X% share.

In Mexico, avocado production expanded at an average annual rate of +X% over the period from 2007-2019. 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

In 2019, after ten years of growth, there was significant decline in shipments abroad of avocados, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Over the period under review, global exports attained the peak figure at X tonnes in 2018, and then dropped in the following year.

In value terms, avocado exports declined modestly to $X in 2019. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. Global exports peaked at $X in 2018, and then declined modestly in the following year.

Exports by Country

In 2019, Mexico (X tonnes) was the main exporter of avocados, committing X% of total exports. It was distantly followed by Peru (X tonnes), Chile (X tonnes), Spain (X tonnes) and the Netherlands (X tonnes), together generating a X% share of total exports. The following exporters - South Africa (X tonnes) and the U.S. (X tonnes) - each amounted to a X% share of total exports.

From 2007 to 2019, average annual rates of growth with regard to avocado exports from Mexico stood at +X%. At the same time, the U.S. (+X%), Peru (+X%), the Netherlands (+X%), Spain (+X%) and South Africa (+X%) displayed positive paces of growth. Moreover, the U.S. emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Chile experienced a relatively flat trend pattern. From 2007 to 2019, the share of Mexico, Peru, the Netherlands, Spain and the U.S. increased by +X%, +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual growth rate of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Peru (+X% per year) and Chile (+X% per year).

Export Prices by Country

In 2019, the average avocado export price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, 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 2019, overseas purchases of avocados decreased by -X% to X tonnes for the first time since 2008, thus ending a ten-year rising trend. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Global imports peaked at X tonnes in 2018, and then fell in the following year.

In value terms, avocado imports contracted to $X in 2019. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Global imports peaked at $X in 2018, and then declined in the following year.

Imports by Country

In 2019, the U.S. (X tonnes) represented the largest importer of avocados, making up X% of total imports. It was distantly followed by the Netherlands (X tonnes), France (X tonnes), the UK (X tonnes) and Spain (X tonnes), together generating a X% share of total imports. Canada (X tonnes), Germany (X tonnes), Japan (X tonnes) and China (X tonnes) took a little share of total imports.

From 2007 to 2019, 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%), Canada (+X%), Germany (+X%), Japan (+X%), the UK (+X%) and France (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. The U.S. (+X p.p.), the Netherlands (+X p.p.), Spain (+X p.p.), Canada (+X p.p.), the UK (+X p.p.), Germany (+X p.p.), Japan (+X p.p.), China (+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 France, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. stood at +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 2019, the average avocado import price amounted to $X per tonne, increasing by X% against the previous year. Over the last twelve-year period, 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% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Germany ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI 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 2019 were Mexico (1.1M tonnes), the U.S. (1M tonnes) and the Dominican Republic (640K tonnes), with a combined 41% share of global consumption.

What are the largest producers of avocados in the world?

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Mexico (2.1M tonnes) remains the largest avocado producing country worldwide, accounting for 33% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (659K tonnes), threefold. Peru (499K tonnes) ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of avocados in the world?

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In value terms, Mexico ($2.7B) remains the largest avocado supplier worldwide, comprising 51% of global exports. The second position in the ranking was occupied by Peru ($595M), with a 11% share of global exports. It was followed by Chile, with a 7.3% share.

What are the leading importers of avocados in the world?

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In value terms, the U.S. ($2.4B) constitutes the largest market for imported avocados worldwide, comprising 43% of global imports. The second position in the ranking was occupied by the Netherlands ($550M), with a 9.6% share of global imports. It was followed by France, with a 6.7% share.

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

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In 2019, the average avocado export price amounted to $2,551 per tonne, with an increase of 1.8% against 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 $2,602 per tonne in 2019, rising by 4% against the previous year.