World: China overtakes Japan as Asia’s largest avocado importer

Published 2024년 7월 19일

Tridge summary

A Rabobank report highlights the rapid growth of the avocado market in Asia, with China becoming the largest importer in the region in 2023, primarily supplied by Peru, Chile, and Kenya. Despite low per-capita consumption, Asia's market potential is substantial. The OECD-FAO Agricultural Outlook predicts continued global growth in avocado production, led by Mexico, Colombia, Peru, and the Dominican Republic. By 2033, avocados are expected to surpass pineapples and mangos in trade value, with Mexico remaining the top exporter. The United States and the European Union will continue to be the largest import markets, while significant growth is also expected in the UK, Canada, China, and the Middle East due to rising incomes and changing consumer preferences. Per-capita consumption is also set to rise in producing countries like Colombia, the Dominican Republic, and Indonesia.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A recent report on the global avocado industry by Rabobank, the Dutch multinational bank and leader in agricultural financing, revealed that while North America and Europe together account for 88% of global avocado imports, Asian markets are experiencing rapid growth, with imports reaching 184,000 metric tons in 2023, a 29% year-on-year increase. Furthermore, China surpassed Japan to become Asia’s largest avocado importer in 2023. Prior to 2014, China’s avocado imports were negligible. However, they then began to increase rapidly, surpassing the milestone of 40,000 metric tons in 2018. The growth from 2022 to 2023 was particularly remarkable, with imports rising from 41,000 metric tons to 66,000 metric tons, representing an increase of 61%. Meanwhile, Japan, previously the largest importer in Asia, registered 62,000 metric tons of avocado imports in 2023. According to data from the International Trade Center, Peru is China’s largest avocado supplier, with exports reaching 50,000 ...

Source: Producereport