Overview of the world avocado market

Published 2021년 12월 10일

Tridge summary

The global avocado market is experiencing a surge in demand, with Italy's consumption expected to double. However, oversupply has led to price drops in countries like the Netherlands and Australia. Despite these challenges, Australia aims to double its production by 2026, and Spain anticipates a 20% increase in harvest this year. The market is dominated by the Hass variety, with Morocco and tropical avocados growing in popularity in Europe. The UK's retail sales have risen as Covid restrictions ease, but demand for avocados has dropped due to stricter regulations. In Italy, avocado sales have surged by 67.4% in the last year, with one distributor importing 6,000 tons. Overall, the Hass avocado market is projected to grow at a CAGR of 4.8% from 2020 to 2025.

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

Original content

The rising popularity of avocados worldwide seems unstoppable; for Italy, consumption is even forecast to double. However, some countries have noticed that the oversupply sometimes affects prices, such as in the Netherlands and Australia, where the latter country has even dumped some avocados as a result. Despite this, Australia plans to double its avocado production by 2026, and Spain expects a 20% larger harvest this year compared to 2020. The Netherlands: Avocado market very difficult The avocado market is very difficult at the moment, notes a Dutch importer. He attributes the situation to too much supply from Israel and Colombia, combined with traditionally difficult December sales at retail because space is then made available for other items. Combined with the catering and food service that are closed in large parts of Europe, it ensures a full stock for many importers and difficult sales in combination with low prices. Germany: Tropical and Moroccan avocados on the rise The ...

Source: AGF