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World - Avocados - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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Nov 13, 2018

Global Avocado Market: Increasingly Popular Trend of Healthy Eating Promote the Market Growth

IndexBox has just published a new report "World - Avocados - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report's key findings.

Avocado Consumption Is Growing Globally

The avocado is a very nutritious product that is rich with calories, vitamins, and minerals. Its popularity is growing with the help of the media and the spread of vegan and vegetarian eating habits. Its consumption is increasing worldwide but has been particularly active in the USA and South America, where avocados are a traditional and essential part of the local diet.

Global avocado consumption totaled X tons in 2017, increasing by X% against the previous year. In general, the total consumption figure indicated a remarkable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. Based on 2017 figures, avocado consumption increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2009, when it surged by X% y-o-y, as the global economy was settling down after the 2008 crisis. In 2014, consumption growth increased by X percentage points, mostly as a result of the stabilization in prices following the 2013 price rise. Global avocado consumption peaked in 2017, and is likely to see steady growth in the near future.

Global avocado market revenue amounted to $X in 2017 (IndexBox estimates), a rise of X% against the previous year. Overall, avocado consumption continues to indicate a remarkable expansion. Mexico and the Dominican Republic have seen consumption increase steadily since the end of 2015. The growth met soaring prices since 2015 due to shortages in supply both in Mexico and the USA, which resulted in rocketing market revenues, by X%, and X% in 2016 and 2017, respectively. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

Mexico and the USA Are The Leaders Of Avocado Consumption

The countries with the highest volumes of avocado consumption in 2017 were Mexico (X tons), the U.S. (X tons), and the Dominican Republic (X tons), together accounting for X% of global consumption. Mexico and the USA share even proportions of the global market and therefore largely determine the direction of market fluctuations. While Mexico has traditionally had a developed habit of avocado consumption, the US has been experiencing some phenomenal growth in per capita consumption over the past X years. Since X the per head consumption has quadrupled, and it keeps rising. Despite the 2016 slowdown, the market has been demonstrating a strong growth of +X% per year, on average, since 2007. Such a strong dynamic can mostly be attributed to the media hype concerning this product and the fact that it is often prescribed for people with digestion problems.

Indonesia, Colombia, Peru, Brazil, China, Rwanda, Kenya, France and Canada, which together accounted for a further X%, accounted for a smaller share of global consumption.

From 2007 to 2017, the most notable rate of growth in terms of avocado consumption, amongst the main consuming countries, was attained by the Dominican Republic (+X% per year). The Dominicans consume around X% of the locally produced avocado crop, and the growing population, together with the currently stabilizing economic environment, have supported local market growth.

The volume of Chinese (+X%) avocado consumption has been expanding too, and is expected to assume a considerably larger share in the medium-to-long term.

Avocado Consumption Is Expected To Accelerate

Driven by increasing demand for avocado worldwide, the market is expected to continue an upward consumption trend over the next eight years. In the short term, the pattern would be driven mostly by increases in population and the disposable income of the middle and upper class in the top consuming countries - the USA, Mexico, and others. Avocados are indeed price elastic if compared to other goods, which might give rise to threats over the future implications of currently growing retail prices. However, this is potentially rather a short-lived phenomenon, as new suppliers, such as Peru (+X%) and the Dominican Republic (+X%), are currently expanding at double-digit rates and are actively sourcing unsaturated export markets. Therefore, the current surging demand is expected to be met by supplies originating mainly from South American countries including Mexico - the largest producer.

The increasingly widespread trend of healthy eating in developing countries would, nonetheless, determine the medium and long-term prospects of the product. In China, consumption volumes are growing at a fast and stable pace, and this market is unsaturated, which implies a substantial export capacity in this region. Moreover, local Chinese warehouses are not in line with international standards, which is why the quality of imported vegetables with a poor shelf life - it is two weeks for avocados - is not the most tempting for a consumer. As soon as this problem is resolved efficiently, the attractiveness of avocados as a product for the Chinese middle class, which is expanding and getting richer, would be enhanced.

The relative economic stabilization in South American countries, such as Peru and the Dominican Republic, is also expected to exert a positive effect in terms of market expansion. Therefore, market performance is forecast to accelerate, expanding with an anticipated CAGR of +X% for the period from 2017 to 2025, which is projected to bring the market volume to X tons by the end of 2025.

Do you want to know more about the global avocado market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • avocado market share
  • avocado prices
  • avocado industry
  • avocado sales
  • avocado import
  • avocado export
  • avocado market forecast
  • avocado price forecast
  • key avocado producers

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global avocado market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 572 - Avocados

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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