Avocado Market Intelligence

Avocado Market Description

Mexico is a major producer of avocado with nearly 34 percent of global production, and exports to countries such as the U.S. and other growing markets such as Europe, China, and Japan. The overall cost of production is estimated to be high currently due to the high prices of fertilizers and pesticides. However, the demand for fresh fruit consumption and the guacamole market is increasing at a steady pace in existing as well as new markets. Asian markets are dependent on exports from Peru owing to its increasing market size. The market for avocado from China grew at a CAGR of 115.2 percent in 2017 due to an increase in demand from the region’s younger demography.

The report includes a comprehensive global market overview discussing the estimated trade analysis and the imports and exports made by various countries such as the U.S, the Netherlands, France, Spain, and Canada. The report presents the cost drivers of the avocado market along with a thorough analysis of some of the major avocado producing markets such as Australia, Kenya, and Israel. The report further presents the pricing structure based on short-term, medium-term, and long-term demand.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Key Producing Regions: Avocado
Regional Analysis: Mexico
Emerging Demand For Avocado
Cost Drivers: Avocado

Avocado Market Trend, Analysis & Forecast

Category Intelligence on Avocado covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

Avocado Market Analysis
Avocado Trade Analysis
Avocado Key Producing Regions
Avocado Regional Analysis
Emerging Avocado Growing Regions
Emerging Demand for Avocado
Avocado Cost Drivers
Avocado Price Outlook

Global Market Outlook on Avocados

Supply and demand of avocado are expected to be more balanced in 2018 when compared to the previous year, since production is expected to increase by 3 percent, supported by favorable weather conditions in key producing regions .Mexico’s avocado production is estimated to be approx. 1.8 MMT during 2017–2018 .Prices are estimated to rise moderately, due to surging demand from both existing and new markets

China’s imports increased at a CAGR of 115 percent between 2013 and 2017, indicating a steep increase in demand, due to increasing familiarity and popularity for the fruit
Mexican exports to the US and EU have been increasing by at least 3 to 5 percent every year, hence, its exports to China have been declining recently. However, Mexican exports to Asia could increase in the coming years
Other key avocado producers, like Chile and Peru, are finding China as a prospective export destination, due to its market potential, in terms of increasing demand. Currently, Chile is the largest exporter to China, followed by Mexico

Supply: Supply in major producing regions, like Mexico, California, and Peru are expected to be high for this season. Peru’s production is expected to increase by 10–15 percent in 2018, owing to favorable weather conditions

Risk: Avocados are sensitive to climatic changes and water supply. They are also prone to fungal and bacterial attacks

Demand: Demand from regular consuming countries, like Europe, the US, Japan, etc., is likely to increase. Demand from new markets, like China and Australia, is also expected to increase rapidly

Market Analysis

Mexico is the preferable destination for the US and European imports, whereas Chile, South Africa, and Peru are preferable for Asia, Eastern Europe, and Middle East imports, since their export markets are likely to expand in the next few years.

Mexico is the major producer of avocados, exporting majorly to the US and other growing markets, like Japan, China, and Europe.

Others

South Africa, Spain, Australia, Chile, China, Israel, and Haiti are some of the other key players producing 0.05 to 0.12 MMT each
Countries like Ecuador, New Zealand, Ethiopia, Cameroon, Condo, Madagascar, Costa Rica, the Philippines, Sri Lanka, and Paraguay produce 0.01 to 0.04 MMT each

Market Overview

Mexico is the major avocado producing and exporting country, followed by Dominican Republic and Peru
Michoacán (Mexican state) is the largest region in the world to produce avocado. Its annual production accounts for approx. 80 percent of the total Mexican production
Increasing demand for healthy foods and increasing Hispanic population in the US will ensure that the demand for guacamole will increase in the future

Supply Trends

Mexican Hass avocado production is forecast to be 1.8 MMT during 2017–2018, as favorable weather conditions and pest control initiatives are expected to boost production

Demand Trends

Increasing awareness about the nutrient rich fruit has led to a steady increase in consumption in many regions
Consumption is recovering in markets, such as Europe (up by approx. 15 percent Y-o-Y)
China is expected to be a major player in the long run despite its consumption levels remaining in Kilos, as its consumption has been doubling in the past couple of years
Consumption in Japan and Canada has been increasing by around 20 percent in the last few years

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