Report Update Apr 1, 2024

Puerto Rico - Avocados - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Avocado Market 2024

Avocado Market Size in Puerto Rico

The Puerto Rican avocado market amounted to $X in 2021, rising by 1.9% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Avocado Production in Puerto Rico

In value terms, avocado production totaled $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decline. The growth pace was the most rapid in 2016 when the production volume increased by 66%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

In 2021, the average avocado yield in Puerto Rico contracted modestly to X tons per ha, standing approx. at 2020 figures. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the yield increased by 4.2% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2021, the growth of the avocado yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of avocados in Puerto Rico reached X ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2016 when the harvested area increased by 40% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area failed to regain momentum.

Avocado Exports

Exports by Country

Mexico represented the major exporter of avocados in the world, with the volume of exports finishing at X tons, which was near 39% of total exports in 2021. Peru (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (13%). Spain (X tons), Chile (X tons), Colombia (X tons), Kenya (X tons), the United States (X tons), the Dominican Republic (X tons), South Africa (X tons), New Zealand (X tons) and Israel (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to avocado exports from Mexico stood at +10.6%. At the same time, Colombia (+78.7%), Peru (+22.0%), the Netherlands (+20.3%), New Zealand (+16.6%), Kenya (+15.8%), the Dominican Republic (+14.2%), Spain (+9.9%) and the United States (+8.5%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in the world, with a CAGR of +78.7% from 2012-2021. Chile and South Africa experienced a relatively flat trend pattern. By contrast, Israel (-8.5%) illustrated a downward trend over the same period. While the share of Peru (+9.5 p.p.), the Netherlands (+5.7 p.p.) and Colombia (+3 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of South Africa (-3.3 p.p.), Israel (-3.4 p.p.), Chile (-5.5 p.p.) and Mexico (-7.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest avocado supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was held by Peru ($X), with an 18% share of global exports. It was followed by the Netherlands, with a 16% share.

In Mexico, avocado exports increased at an average annual rate of +14.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (+24.3% per year) and the Netherlands (+23.6% per year).

Avocado Imports

Imports by Country

In 2021, the United States (X tons) was the key importer of avocados, comprising 38% of total imports. The Netherlands (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Spain (6.7%) and France (5.7%). The following importers - Germany (X tons), the UK (X tons), Canada (X tons), Japan (X tons), Chile (X tons) and Russia (X tons) - together made up 17% of total imports.

From 2012 to 2021, average annual rates of growth with regard to avocado imports into the United States stood at +10.3%. At the same time, Chile (+67.4%), Spain (+22.6%), Russia (+19.2%), the Netherlands (+19.0%), Germany (+17.3%), the UK (+13.1%), Canada (+9.4%), France (+7.6%) and Japan (+3.0%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +67.4% from 2012-2021. From 2012 to 2021, the share of the Netherlands, Spain and Chile increased by +5.6, +3.6 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported avocados into Puerto Rico, comprising 36% of global imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of global imports. It was followed by France, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +14.3%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+23.2% per year) and France (+11.6% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Mexico and the Dominican Republic, together comprising 41% of global consumption. These countries were followed by Indonesia, Colombia, Brazil, Kenya, Haiti, Spain, China, France, Guatemala and Venezuela, which together accounted for a further 31%.

What are the largest producers of avocados in the world?

Mexico remains the largest avocado producing country worldwide, accounting for 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic, threefold. Peru ranked third in terms of total production with an 8.4% share.

What are the leading suppliers of avocados to Puerto Rico?

In value terms, the United States constitutes the largest market for imported avocados into Puerto Rico, comprising 36% of global imports. The second position in the ranking was held by the Netherlands, with a 15% share of global imports. It was followed by France, with a 6.5% share.

What are the leading importers of avocados from Puerto Rico?

In value terms, Mexico remains the largest avocado supplier from Puerto Rico, comprising 37% of global exports. The second position in the ranking was held by Peru, with an 18% share of global exports. It was followed by the Netherlands, with a 16% share.

This report provides an in-depth analysis of the avocado market in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023