Global avocado trade gradually changing as industry expands

Published Jun 13, 2024

Tridge summary

Rabobank's report forecasts a continued expansion in avocado production and exports, with Mexico, Peru, and Colombia being the leading exporters by 2026. The market will see diversification beyond Latin America, with the United States as the top importer and Mexico fulfilling over 90% of its demand. Europe's consumption is increasing, and Asia and Latin America present significant growth opportunities. The Hass avocado will continue to be the dominant variety, but other similar varieties with higher yield and efficiency will be progressively adopted. The industry will experience consolidation due to increasing competition and pressure on margins, especially in certain South American areas.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A report by Rabobank-RaboResearch Food & Agribusiness highlights that avocado production and exports will continue to expand, with variable growth rates depending on the different production regions. By 2026, Mexico, Peru and Colombia are expected to be the largest exporters of the fruit and, although Latin America will continue to dominate the export market, avocado production and exports will diversify globally. “To remain profitable, industry players must innovate in response to increasingly competitive markets and supply-side challenges,” says Rabobank. In relation to the United States, the report indicates that this country will continue to be the largest importer of avocados and will increasingly depend on imports, with Mexico well positioned to supply more than 90% of the market. In the case of Europe, it is noted that avocado consumption levels vary significantly by country, but lagging countries are catching up. “There is substantial growth potential in the Asian and ...
Source: MXfruit
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