Global Avocado Market. Analysis And Forecast to 2025
This report covers an in-depth survey of the global avocado market. Within it, you will identify the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The outlook exhibits the market perspectives through 2025.
Countries coverage: Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.
• Avocado market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Global avocado production, split by region and country;
• Global avocado trade (exports and imports);
• Producer, export and import prices for avocado;
• Avocado market trends, drivers and restraints;
• Key market players and their profiles.
Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.
Global avocado market revenue amounted to 10,881 million USD in 2015, declining by -2.4% against the previous year level. Overall, global avocado market continues to indicate a perceptible growth: the market value increased at an average annual rate of +7.2% from 2007 to 2015. This trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2011, when the market revenue increased by +45% from the previous year level. Over the period under review, the global avocado market attained its maximum revenue of 11,153 million USD in 2014. From 2015 to the end of the period under review, the total avocado market revenue failed to regain its former peak level.
Over the analyzed period, an increase in global avocado production was primarily driven by disposable income growth, popularity of healthy eating, and diversification of diet. Furthermore, these key drivers are expected to continue promoting the avocado output in the immediate term. This general positive trend was largely conditioned by a robust expansion of the harvested area and a moderate improvement of the yield figures.
The country with the largest volume of the avocado output in absolute volumes was Mexico (1,639 thousand tonnes), accounting for 31% of global production. Moreover, avocado output in Mexico exceeded the figures recorded by the world's second largest producer, the Dominican Republic (507 thousand tonnes), threefold. The third position in this ranking was occupied by Peru with a share of 7%. From 2007 to 2015, an average annual growth rate of Mexico's avocado producton stood at +4.6%. The remaining producing countries recorded the following average annual growth rates: the Dominican Republic (+13.5% per year) and Peru (+15.4% per year).
The world avocado harvested area amounted to 578 thousand ha in 2015, which was 5.5% more than the previous year figure. The harvested area indicated a noticeable increase over the period under review, representing a compound annual growth rate of +4.3% from 2007 to 2015. This trend pattern, however, indicated some mild fluctuations over the recent years. Over the period under review, the total avocado harvested area peaked in 2015, and is likely to continue its expansion in the immediate term, following rising demand for avocado globally.
The global average avocado yield amounted to 92 thousand hg/ha in 2015, fluctuating near the previous year level. The yield figures recorded an upward trend over the period under review, with a compound annual growth rate standing at +0.6% from 2007 to 2015. These yield figures maintained, all in all, a stable trend pattern throughout the analyzed period. The highest avocado yields were recorded in 2014, when it peaked at 92 thousand hg/ha. Afterwards, it decreased slightly and then fluctuated around these levels throughout the analyzed period.
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