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, going up by X% against the previous year. Overall, avocado consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Global avocado consumption peaked in 2017, and is expected to retain its growth in the near future.

Avocado Production

In value terms, avocado production stood at $X in 2017 estimated in export prices. Over the period under review, avocado production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017, when the the output figure increased by X% y-o-y. In that year, global avocado production reached its peak level, and is likely to continue its growth in the immediate term.

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

From 2007 to 2017, the average annual growth rate 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).

Global average avocado yield stood at X tonne per ha in 2017, rising by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when the yield increased by X% year-to-year. Over the period under review, the average avocado yield attained its maximum level in 2017, 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.

In 2017, the global harvested area of avocados totaled X ha, surging by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013, when the harvested area increased by X% against the previous year. Global avocado harvested area peaked in 2017, and is expected to retain its growth in the immediate term.

Avocado Exports

Exports 2007-2018

In 2017, the amount of avocados exported worldwide totaled X tonnes, rising by X% against the previous year. Overall, avocado exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012, when the exports increased by X% y-o-y. Global exports peaked in 2017, and are expected to retain its growth in the near future.

In value terms, avocado exports amounted to $X in 2017. Overall, avocado exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. Over the period under review, global avocado exports attained their peak figure in 2017, and are likely to continue its growth in the immediate term.

Exports by Country

In 2017, Mexico (X tonnes) was the key exporter for avocados, making up X% of total exports. Peru (X tonnes) took the second position in the ranking, followed by the Netherlands (X tonnes), Chile (X tonnes) and Spain (X tonnes). All these countries together took near X% share of total exports. The following exporters - Kenya (X tonnes) and the U.S. (X tonnes) each recorded 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. Kenya (-X%), the U.S. (-X%), Spain (-X%), the Netherlands (-X%), Peru (-X%) and Mexico (-X%) significantly weakened 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.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico stood at +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 kg in 2017, picking up by X% against the previous year. Overall, the export price indicated a prominent 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 being recorded throughout the analyzed period. Based on 2017 figures, the avocado export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011, when the average export price increased by X% year-to-year. Global export price peaked in 2017, and is likely to continue its growth in the near future.

Export prices varied noticeably by the country of origin; 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, while the other global leaders experienced more modest paces of growth.

Avocado Imports

Imports 2007-2018

In 2017, approx. X tonnes of avocados were imported worldwide; going up by X% against the previous year. Over the period under review, avocado imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014, when the imports increased by X% against the previous year. Over the period under review, global avocado imports attained their peak figure in 2017, and are likely to continue its growth in the near future.

In value terms, avocado imports amounted to $X in 2017. In general, avocado imports continue to indicate a prominent increase. The growth pace was the most rapid in 2011, when the imports increased by X% y-o-y. Over the period under review, global avocado imports reached their peak figure in 2017, and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. represented the major importing country with an import of about X tonnes, which reached X% of total imports. The Netherlands (X tonnes) ranks second in terms of the total imports with a X% share, followed by France (X%), Canada (X%), the UK (X%) and Spain (X%). Germany (X tonnes) and Japan (X tonnes) followed a long way behind the leaders.

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, Canada (+X%), the Netherlands (+X%), Spain (+X%), Germany (+X%), the UK (+X%), Japan (+X%) and France (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. Japan (-X%), France (-X%), Germany (-X%), the UK (-X%), Spain (-X%), Canada (-X%), the Netherlands (-X%) and the U.S. (-X%) significantly weakened 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 2017, the average annual rate of growth in terms of value in the U.S. totaled +X%. 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 2017, the average avocado import price amounted to $X per kg, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011, when the average import price increased by X% y-o-y. Global import price peaked in 2017, and is expected to retain its growth in the near future.

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

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

Source: IndexBox AI Platform