Cote d'Ivoire: Avocado Market 2024

Avocado Market Size in Cote d'Ivoire

The Cote d'Ivoire's avocado market dropped modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Avocado Production in Cote d'Ivoire

In value terms, avocado production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. Avocado production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of avocados in Cote d'Ivoire amounted to X tons per ha in 2022, almost unchanged from the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by 2.2% against the previous year. Over the period under review, the average avocado yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of avocados in Cote d'Ivoire declined to X ha, therefore, remained relatively stable against the previous year. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 2.2% against the previous year. The avocado harvested area peaked at X ha in 2021, and then dropped modestly in the following year.

Avocado Exports

Exports from Cote d'Ivoire

In 2022, shipments abroad of avocados increased by 2.9% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when exports increased by 226% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, avocado exports totaled $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 121% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali (X tons) was the main destination for avocado exports from Cote d'Ivoire, with a 97% share of total exports. It was followed by Burkina Faso (X tons), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mali totaled +28.3%.

In value terms, Mali ($X) remains the key foreign market for avocados exports from Cote d'Ivoire, comprising 63% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Mali amounted to +26.3%.

Export Prices by Country

In 2022, the average avocado export price amounted to $X per ton, with an increase of 10% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 48% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Mali totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+32.4%).

Avocado Imports

Imports into Cote d'Ivoire

In 2022, purchases abroad of avocados was finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a significant decline. The growth pace was the most rapid in 2018 when imports increased by 36% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, avocado imports expanded notably to $X in 2022. Overall, imports, however, continue to indicate a sharp reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X kg), Lebanon (X kg) and Mexico (X kg) were the main suppliers of avocado imports to Cote d'Ivoire, together accounting for 88% of total imports. Peru and Morocco lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of avocados to Cote d'Ivoire, comprising 54% of total imports. The second position in the ranking was held by Peru ($X), with a 16% share of total imports. It was followed by Mexico, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+8.3% per year) and Mexico (+1.1% per year).

Import Prices by Country

The average avocado import price stood at $X per ton in 2022, rising by 1.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 73% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+8.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform