Global Avocado Market Overview
In value terms, avocado production rose sharply to $ in estimated in export prices. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Global production peaked in and is likely to see gradual growth in the near future.
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 , the average annual rate of growth in terms 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 , the global average yield of avocados totaled tonnes per ha, stabilizing at 2019. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of % year-to-year. Over the period under review, the average avocado yield reached the peak level in and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the total area harvested in terms of avocados production worldwide rose remarkably to ha, increasing by % compared with 2019 figures. Overall, the total harvested area indicated temperate growth from 2007 to : its figure increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, avocado harvested area increased by +% against 2007 indices. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. The global harvested area peaked in and is expected to retain growth in the immediate term.
The global avocado market revenue stood at $ in , increasing 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). In general, consumption showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of % y-o-y. Over the period under review, the global market attained the peak level in and is expected to retain growth in the immediate term.
From 2007 to , the most notable rate of growth in terms of avocado consumption, amongst the key consuming countries, was attained by Haiti, while avocado consumption for the other global leaders experienced more modest paces of growth.
In value terms, Mexico ($), the U.S. ($) and the Dominican Republic ($) constituted the countries with the highest levels of market value in , together accounting for % of the global market.
The Dominican Republic saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while avocado market for the other global leaders experienced more modest paces of growth.
In , the highest levels of avocado per capita consumption was registered in the Dominican Republic ( kg per person), followed by Haiti ( kg per person), Colombia ( kg per person) and Mexico ( kg per person), while the world average per capita consumption of avocado was estimated at kg per person.
From 2007 to , the average annual rate of growth in terms of the avocado per capita consumption in the Dominican Republic amounted to +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Haiti (+% per year) and Colombia (+% per year).