Global Avocado Market Overview
In value terms, avocado production stood at $ in 2018 estimated in export prices. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by % year-to-year. Over the period under review, global production hit record highs in 2018 and is likely to continue growth in years to come.
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.
In Mexico, avocado production increased at an average annual rate of +% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: the Dominican Republic (+% per year) and Peru (+% per year).
In 2018, the global average yield of avocados expanded to tonnes per ha, with an increase of % against the previous year. The yield figure increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2009 when the yield increased by % against the previous year. The global yield peaked in 2018 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, approx. ha of avocados were harvested worldwide; growing by % on the year before. The harvested area increased at an average annual rate of +% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. The global harvested area peaked in 2018 and is likely to continue growth in the near future.
The global avocado market revenue dropped slightly to $ in 2018, falling 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 recorded a strong expansion. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. Over the period under review, the global market reached the peak level at $ in 2017, and then declined modestly in the following year.
From 2007 to 2018, the most notable rate of growth in terms of avocado consumption, amongst the leading consuming countries, was attained by the Netherlands, 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 ($) appeared to be the countries with the highest levels of market value in 2018, together accounting for % of the global market. These countries were followed by Indonesia, Colombia, Brazil, China, the Netherlands, Venezuela, Kenya, Viet Nam and Peru, which together accounted for a further %.
The Netherlands 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 2018, the highest levels of avocado per capita consumption was registered in the Dominican Republic ( kg per person), followed by the Netherlands ( kg per person), Mexico ( kg per person) and Colombia ( 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 expanded at an average annual rate of +% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+% per year) and Mexico (+% per year).