Eastern Asia: Avocado Market 2025

Avocado Market Size in Eastern Asia

The East Asian avocado market dropped to $X in 2022, waning by -10.1% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Avocado Production in Eastern Asia

In value terms, avocado production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The country with the largest volume of avocado production was China (X tons), accounting for 99.9% of total volume.

From 2012 to 2022, the average annual growth rate of volume in China stood at +1.1%.

In 2022, the average avocado yield in Eastern Asia contracted to X tons per ha, remaining relatively unchanged against the year before. The yield indicated noticeable growth from 2012 to 2022: its figure increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, avocado yield decreased by -12.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the avocado yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of avocados production in Eastern Asia reduced slightly to X ha, with a decrease of -2.4% on 2021 figures. Overall, the harvested area saw a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. Over the period under review, the harvested area dedicated to avocado production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Avocado Exports

Exports in Eastern Asia

In 2022, exports of avocados in Eastern Asia fell remarkably to X tons, with a decrease of -40.1% on the previous year. In general, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 324% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, avocado exports fell markedly to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 489% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

The shipments of the one major exporters of avocados, namely Hong Kong SAR, represented more than two-thirds of total export.

Hong Kong SAR was also the fastest-growing in terms of the avocados exports, with a CAGR of +23.5% from 2012 to 2022. While the share of Hong Kong SAR (+30 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) also remains the largest avocado supplier in Eastern Asia.

In Hong Kong SAR, avocado exports increased at an average annual rate of +23.2% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2015 an increase of 39% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -0.3% per year.

Avocado Imports

Imports in Eastern Asia

In 2022, avocado imports in Eastern Asia contracted markedly to X tons, declining by -22.3% compared with the previous year's figure. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 46%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, avocado imports reduced notably to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 53%. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Japan (X tons) and China (X tons) were the major importers of avocados in Eastern Asia, together reaching near 71% of total imports. Hong Kong SAR (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together held near 28% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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 87% share of total imports.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 5.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 18%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($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 China (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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