Skip to main content

"Avocado consumption in the US market could grow by 50% in a decade"


Overview of the avocados in the US market, complemented by charts from Agronometrics.


Original published in FreshPlaza.com on December 21, 2020 

Jose Antonio Gomez Bazan, the Managing Director of Camposol International, said that avocado consumption in the United States, a market that imports more than 80% of the avocado it consumes, was expected to reach 1,800,000 tons in 2030, i.e. 50% more than the 1,200,000 tons it currently consumes. According to Gomez Bazan, this forecast was based on statistics of the increase in per capita consumption and population growth.

Historical volumes (in KG) of avocados in the US market, by origin
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

Since 40% of the avocado that is consumed in the US market is sold via the Horeca channel, this year's avocado consumption was expected to decrease more than it did because of the restrictions there were on this channel due to the pandemic. The decrease, however, wasn't so bad because consumption from the retail channel grew significantly. “American supermarkets had never sold so much avocado as in 2020. Sales grew by 20% to 30% in volume over the historical records of previous years. This increase, however, didn't replace all the consumption of the Horeca channel,” he said.

Europe, an attractive market

The Camposol representative stressed that Europe was the most interesting market for many Peruvian businessmen because the American market was sufficiently supplied by Mexico and California. In fact, in the last 8 years, Peru has increased the volume of avocado it exports to Europe at an annual rate of 17%.

Gomez Bazan said that Europe had gone from consuming 380,000 tons in 2010 to 800,000 tons nowadays. "The positive thing about Europe is that it has a very low per capita consumption of avocados (1.1 kilos per person per year), so it has the potential is to triple it," he said.

He also highlighted that local avocado production had grown significantly and is expected to continue to increase, mainly in Spain and Portugal.

China, a potential yet to be explored

In 2016, Peru exported 4,200 tons of avocado to China. In 2020, the country shipped 14,500 tons to this destination. According to estimates, Peru will continue to increase its shipments to this destination. “Per capita consumption in China is almost non-existent and it has a population of close to 1.5 billion. If consumption in China in the next ten years increases to the levels Europe has, it would be very important. The key here is supplying China with the quality and consistency it requires,” he said.

The outlook for the Chinese market is uncertain and depends on the countries that have entered it, mainly Peru, Chile, Mexico, and pretty soon Colombia, Gomez Bazan stated. "These countries have the great responsibility of joining forces to promote avocado consumption."

The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.

Access the original article with this (Link)

Comments

Popular posts from this blog

Blueberry boom: Worldwide growth creates challenges for NW producers

Overview of the northwest blueberry season by Doug Krahmer of Berries Northwest, Cort Brazelton of Fall Creek Farm and Nursery, Kasey Cronquist of the U.S. Highbush Blueberry Council and Mark Hurst of Hurst's Berry Farm, complemented by charts from Agronometrics. Original published in www.capitalpress.com  on July 30, 2020 ALBANY, Ore. — On a seasonably warm July afternoon in the fertile Willamette Valley, Doug Krahmer stood between rows of organic blueberries and watched as a large mechanical harvester rolled slowly through the field, rattling bushes heavy with ripe fruit. Measuring a little more than 15 feet tall, 11 feet wide and weighing 7 tons, the harvester seemingly floated in the distance over neat rows while fiberglass rods, or “fingers,” shook the berries onto a conveyor belt that swooped them to the upper deck and into plastic crates. From there, the crates were loaded into refrigerated trucks and driven from the farm north of Albany, Ore., to a packing shed ea

The table grape industry is in uncharted territory right now

Overview of the potential impact of COVID-19 on future grape supply and price, by Ira Greenstein of Direct Source Marketing, complemented by charts from Agronometrics. Original published in FreshPlaza.com  on March 24, 2020 While the Chilean and Peruvian grape seasons are winding down and their weekly volumes are decreasing, the table grape industry has seen an uptick in demand in the past weeks. This is partially a result of the high retail movements due to the coronavirus panic-shopping of the past few weeks. Ira Greenstein of Direct Source Marketing says: “A month ago, importers had a real concern that the industry wouldn’t be able to move through the condensed volumes and huge inventories would be sitting in cold storages. That sentiment has completely reversed with substantially increased retail demand due to the COVID-19 pandemic.” With the lower volumes but increasing demand, the cold stores are rapidly being depleted and spot market pricing is expected to continue to i

Peru's blueberry oversupply takes its toll on export price

Overview of the Peruvian blueberry season, complemented by charts from Agronometrics.   Original published in FreshPlaza.com   on November 25, 2020  This year's Peruvian blueberry season began in June with the export of 1,010 tons worth 5 million dollars. These figures represented a 25% increase in volume and a 77% increase in value over the same month of 2019. The lower production in the northern hemisphere due to weather problems allowed producers to achieve attractive prices of $ 5.15 per kilogram in June. Volume (in Kg) of blueberry from Perú in the US market Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) The good reception of Peruvian blueberries and the increase in prices encouraged exports during July, a month in which the country shipped 4,808 tons (+ 108%) for 26 million dollars (+ 102%). In this month, the increase in the Peruvian supply generated a slight 3% fall in the typical prices of the month,