Skip to main content

US imported over 2.1 billion pounds of Mexican Hass avocado in 2019/20 season


Overview of the Mexican avocado supplies in the US market, complemented by charts from Agronometrics.  


Original published in FreshPlaza.com on December 7, 2020 

According to a new economic contribution analysis from Texas A&M University, the imports of Mexican Hass avocados have made substantial contributions to the U.S. economy during the 2019-2020 growing season. In this timeframe, more than 2.1 billion pounds of avocados were imported into the U.S. from the Mexican state of Michoacán.

The economic analysis concludes significant contributions from U.S. imports of Mexican Hass avocados to the U.S. economy as avocado imports move through the food supply chain and stimulate various market activities. The contributions include:

$6.5 billion in output or spending

$4.0 billion to the U.S. GDP (value-added)

33,051 jobs for American workers

$2.2 billion in labor income

$1.1 billion in taxes

Comparing the results of this report to those in previous years reveals the growing importance of Mexican avocado imports to the U.S. economy. The contribution of avocado imports to total U.S. output increased 273% from $1.7 billion in 2012 to $6.5 billion in FY 2019/20. At the same time, the contribution of those imports to U.S. GDP (value added) has increased by nearly 230% from $1.2 billion to $3.99 billion. The contributions to U.S. labor income, U.S. tax revenues, and employment have also registered dramatic increases (219%, 558%, and 194%, respectively).

The report also showed that, as a result of the growing demand for avocados, domestic U.S. growers have also benefited from higher price points and a larger market for their products. Avocado farming continues to be a viable and sustainable business venture in Mexico as well: the Mexican avocado industry creates approximately 78,000 direct and permanent jobs and 310,000 indirect and seasonal jobs, providing a productive living in a region that was once one of the largest sources of migrant workers in the U.S.

"The numbers of the report show the expansive growth in economic benefits that avocado imports from Mexico have provided to the U.S.," said Alvaro Luque, CEO of Avocados From Mexico. "Through our win-win partnership between the U.S. and Mexico, Avocados From Mexico has become an economic engine that supplies the growing demand for avocados in the U.S. and benefits the wholesale, retail and foodservice industries at both state and national levels."

The record-breaking volume year for avocado imports is driven by the skyrocketing demand for avocados: avocado consumption has grown over 600% between 1989/90 2019/20, an impressive 10% average annual growth rate over that period3. The unique microclimate, volcanic soil and timely rainfall of Michoacán, Mexico allows avocados to be grown year-round, which is why its orchards supply nearly 82% of the avocado imports into the U.S.

Historical volume (in LB) of avocados from Mexico, in the US market
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)


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,