ASEAN: Avocado Market 2024

Avocado Market Size in ASEAN

The ASEAN avocado market rose to $X in 2022, surging by X% against the previous year. In general, consumption showed a strong expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Avocado Production in ASEAN

In value terms, avocado production expanded to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of avocado production was Indonesia (X tons), accounting for X% of total volume. Moreover, avocado production in Indonesia exceeded the figures recorded by the second-largest producer, Vietnam (X tons), threefold.

In Indonesia, avocado production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and the Philippines (X% per year).

The average avocado yield amounted to X tons per ha in 2022, remaining stable against 2021. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of avocados production in ASEAN reached X ha, picking up by X% compared with the previous year. In general, the harvested area posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to avocado production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Avocado Exports

Exports in ASEAN

In 2022, approx. X tons of avocados were exported in ASEAN; shrinking by X% compared with the previous year. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, avocado exports soared to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from the Philippines (X tons), Myanmar (X tons) and Indonesia (X tons), together finishing at X% of total export. It was distantly followed by Singapore (X tons), Malaysia (X tons) and Thailand (X tons), together constituting a X% share of total exports. Vietnam (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X) emerged as the largest avocado supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Myanmar, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Philippines totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Avocado Imports

Imports in ASEAN

After ten years of growth, purchases abroad of avocados decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, avocado imports shrank to $X in 2022. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Singapore (X tons) and Malaysia (X tons) represented the largest importers of avocados in ASEAN, together comprising X% of total imports. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brunei Darussalam (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Brunei Darussalam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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