U.S. - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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View PricingU.S. Avocado Market to Continue Robust Growth
Driven by growth of the Latin American population in the U.S., promotion of healthy eating, as well as increasing use of avocados in menus of "healthy fast food" restaurants in large cities, the avocado market performance is set to continue its upwards consumption trend in the medium term.
The U.S. avocado market showed an upward trend of consumption, rising steadily from 2011 to 2016. According to market research conducted by IndexBox, in wholesale prices, the market size doubled over the last five years and finally reached $X in 2016. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). However, being calculated at the average retail prices, the market size is estimated near $X, which makes huge contrast against the revenues of producers and importers.
In physical terms, an X% decrease of consumption volume was observed in 2016to X tons, but previously the market volume underwent a robust growth from 2011-2015. A sensitive increase in import prices in 2016 could be the reason for this drop in consumption; it also enabled the market to grow in value terms against the decline in consumption volume in 2016.
Over the analyzed period, avocados became increasingly popular in the U.S.: per capita avocado consumption in U.S. expanded robustly from X kg/year in 2007 to X kg/year in 2016. In value terms, per capita avocado consumption ranged in the interval from $X per year in 2008 to $X per year in 2016. Consumption of avocados in the United States will be affected mostly by sustainable population growth, especially including the growth of the Latin American population with avocado being a staple in their cuisine; the use of avocados as an ingredient in the cosmetic industry is also increasing. Promotion of healthy eating and vegan or vegetarian diet, along with growth in the number of "healthy fast food" restaurants in large cities, as well as the growing popularity of avocado sandwiches will constitute some other factors contributing to the avocado market growth; moreover, largest fast-food chains are increasingly adding dishes with avocado to their menus. Thus, based on these factors, market performance is forecast to continue its upwards consumption trend, expanding with an anticipated average annual growth rate of +X% for the nine-year period from 2016 to 2025, which is projected to lead the market volume to X tons by the end of 2025.
The U.S. avocado production recorded wild fluctuations over the period under review. In 2016, the value of shipments in the industry decreased by X% to $X. Production volume of avocados also dropped in 2016, amounting to X tons. Fluctuations in the volume of avocado production are primarily due to lean seasons in the two largest avocado producing states - California and Florida. At the same time, the harvested area of avocados gradually decreased within the period under review: the results of 2016 indicated a drop by X% against the level of 2007.
Therefore, the national production of avocados in the U.S. is unable to meet domestic consumption due to its insufficient volumes, relative high costs and significant fluctuations due to lean seasons. As a result, the growing consumption of avocados in the U.S. has stimulated an increase in imports - the share of imports in total U.S. avocados consumption increased from X% in 2007 to X% in 2016.
In 2016, the value of total U.S. avocado imports was $X. There was an annual average increase of +X% for the period from 2007 to 2016; it accelerated sharply over the last four years. In physical terms, U.S. avocado imports reached X tons in 2016, levelling off against the previous year and thereby finishing a period of steady growth observed over the previous four years.
Mexico (X tons) was the main supplier of avocado into the U.S., with a share of X% of total U.S. imports in 2016. Imports from Mexico increased at an average annual rate of +X% from 2007 to 2016. Therefore, Mexico significantly strengthened its position in the U.S. imports by +X percentage points from 2007 to 2016. Peru held the second position in the ranking with X% share of total imports, followed by Chile (X%) and the Dominican Republic (X%).Mexico significantly strengthened its position in terms of the U.S. imports from X% in 2007 to X% in 2016, while Chile, which previously boasted a high volume of imports, saw its share reduced by –X percentage points over the same period.
On the other hand, the U.S. exported X tons of avocado in 2016, with Canada constituting the main export destination. The export volumes fluctuated somewhat wildly from 2007-2016, with acceleration over the last year. As the market continues to be dominated by imports, these small exports may include not only domestically produced avocados, but re-exports as well.
Retail prices for avocado fluctuated mildly over the analyzed period. It dropped from the highest level achieved in 2011 of $X per unit to $X per unit in 2016. Regionwise, the highest price in 2016 was recorded in Hawaii (X $ per unit) and the lowest in the U.S. South Central (X $ per unit).
Do you want to know more about U.S. avocado market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- avocado market share
- avocado prices
- avocado industry
- avocado sales
- avocado market forecast
- avocado price forecast
- key avocado producers
Source: United States Of America: Avocados - Market Report. Analysis and Forecast
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This report provides an in-depth analysis of the avocado market in the U.S.. Within it, you will discover 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 forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 572 - Avocados
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- 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
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
