Global Avocado Market Overview
In value terms, avocado production shrank modestly to $ in 2019 estimated in export prices. Overall, production, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Over the period under review, global production hit record highs at $ in 2018, and then fell in the following year.
Mexico ( tonnes) constituted the country with the largest volume of avocado production, accounting for % of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic ( tonnes), threefold. The third position in this ranking was occupied by Peru ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in Mexico stood at +%. The remaining producing countries recorded the following average annual rates of production growth: the Dominican Republic (+% per year) and Peru (+% per year).
In 2019, the global average avocado yield reduced slightly to tonnes per ha, with a decrease of -% compared with the previous year. The yield figure increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2009 when the yield increased by % y-o-y. The global yield peaked at tonnes per ha in 2018, and then reduced modestly 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.
The global avocado harvested area reached ha in 2019, therefore, remained relatively stable against the previous year's figure. In general, the total harvested area indicated a tangible expansion from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, avocado harvested area increased by +% against 2007 indices. The growth pace was the most rapid in 2013 with an increase of % y-o-y. The global harvested area peaked in 2019 and is expected to retain growth in years to come.
The global avocado market size totaled $ in 2019, rising by % against the previous year. 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). Over the period under review, consumption, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Global consumption peaked at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.
From 2007 to 2019, the most notable rate of growth in terms of avocado consumption, amongst the main consuming countries, was attained by the Dominican Republic, while avocado consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest avocado markets worldwide were the U.S. ($), Mexico ($) and the Dominican Republic ($), with a combined % share of the global market.
Among the main consuming countries, the Dominican Republic recorded the highest growth rate of market size, over the period under review, while avocado market for the other global leaders experienced more modest paces of growth.
In 2019, the highest levels of avocado per capita consumption was registered in the Dominican Republic ( kg per person), followed by Mexico ( kg per person), Guatemala ( kg per person) and Peru ( kg per person), while the world average per capita consumption of avocado was estimated at kg per person.
In the Dominican Republic, avocado per capita consumption increased at an average annual rate of +% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Mexico (+% per year) and Guatemala (+% per year).