Asia-Pacific: Avocado Market 2025

Avocado Market Size in Asia-Pacific

In 2022, the Asia-Pacific avocado market decreased by -5.5% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption, however, posted a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Avocado Production in Asia-Pacific

In value terms, avocado production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 35%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of avocado production was Indonesia (X tons), accounting for 58% of total volume. Moreover, avocado production in Indonesia exceeded the figures recorded by the second-largest producer, Vietnam (X tons), threefold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia stood at +8.1%. The remaining producing countries recorded the following average annual rates of production growth: Vietnam (+136.6% per year) and China (+1.1% per year).

The average avocado yield contracted to X tons per ha in 2022, flattening at 2021. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 14%. The level of yield peaked at X tons per ha in 2021, and then contracted 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 2022, the avocado harvested area in Asia-Pacific contracted modestly to X ha, waning by -4.9% compared with the previous year. The total harvested area indicated a prominent increase from 2012 to 2022: its figure increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, avocado harvested area increased by +62.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 31% against the previous year. Over the period under review, the harvested area dedicated to avocado production reached the maximum at X ha in 2021, and then fell slightly in the following year.

Avocado Exports

Exports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in shipments abroad of avocados, which increased by 6.5% to X tons in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 79% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, avocado exports rose modestly to $X in 2022. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

New Zealand was the major exporting country with an export of around X tons, which amounted to 57% of total exports. Australia (X tons) ranks second in terms of the total exports with a 19% share, followed by Hong Kong SAR (18%). The Philippines (X tons) followed a long way behind the leaders.

Exports from New Zealand increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, the Philippines (+52.3%), Hong Kong SAR (+23.5%) and Australia (+15.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +52.3% from 2012-2022. While the share of Hong Kong SAR (+11 p.p.), Australia (+4.2 p.p.) and the Philippines (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-16.3 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest avocado supplier in Asia-Pacific, comprising 56% of total exports. The second position in the ranking was taken by Australia ($X), with a 24% share of total exports. It was followed by Hong Kong SAR, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in New Zealand amounted to +7.5%. In the other countries, the average annual rates were as follows: Australia (+15.9% per year) and Hong Kong SAR (+23.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, shrinking by -2.9% against the previous year. Over the period under review, the export price showed a mild decline. The growth pace was the most rapid in 2020 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Avocado Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas purchases of avocados, when their volume decreased by -20.4% to X tons. Over the period under review, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, avocado imports contracted notably to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 49%. The level of import peaked at $X in 2021, and then contracted significantly in the following year.

Imports by Country

Japan (X tons) and China (X tons) represented the major importers of avocados in 2022, amounting to approx. 32% and 26% of total imports, respectively. Hong Kong SAR (X tons) ranks next in terms of the total imports with a 14% share, followed by Australia (8.8%) and South Korea (8.5%). The following importers - Singapore (X tons) and Malaysia (X tons) - each reached a 6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +75.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 70% share of total imports.

China, with a CAGR of +77.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by 1.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 19% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Malaysia ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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