Australia - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAvocado Price in Australia - 2023
Contents:
- Avocado Price in Australia (CIF) - 2022
- Avocado Price in Australia (FOB) - 2023
- Avocado Imports in Australia
- Avocado Exports in Australia
Avocado Price in Australia (CIF) - 2022
In 2022, the average avocado import price amounted to $3,096 per ton, which is down by -22.5% against the previous year. In general, the import price recorded a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $4,534 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($3,356 per ton), while the price for New Zealand amounted to $3,080 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-1.5%).
Avocado Price in Australia (FOB) - 2023
The average avocado export price stood at $2,505 per ton in September 2023, falling by -10% against the previous month. In general, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 18% m-o-m. The export price peaked at $4,749 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($3,903 per ton), while the average price for exports to the United Arab Emirates ($1,913 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+39.4%), while the prices for the other major destinations experienced a decline.
Avocado Imports in Australia
In 2022, overseas purchases of avocados decreased by -16.7% to 14K tons, falling for the second year in a row after two years of growth. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2020 with an increase of 64%. As a result, imports reached the peak of 25K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, avocado imports shrank markedly to $43M in 2022. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2020 when imports increased by 109% against the previous year. As a result, imports attained the peak of $112M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Avocado in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 53.5 | 104 | 65.2 | 40.5 | -8.9% |
Chile | N/A | 8.1 | 1.8 | 2.8 | -41.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 53.5 | 112 | 67.0 | 43.3 | -6.8% |
Top Suppliers of Avocado to Australia in 2022:
- New Zealand (13.2K tons)
- Chile (0.8K tons)
Avocado Exports in Australia
In 2022, approx. 11K tons of avocados were exported from Australia; picking up by 35% on the previous year's figure. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 251%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, avocado exports soared to $38M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 118%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
Export of Avocado in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 3.0 | 4.3 | 12.5 | 17.9 | 81.4% |
Singapore | 6.4 | 3.7 | 9.2 | 11.7 | 22.3% |
Malaysia | 6.6 | 4.6 | 5.4 | 6.8 | 1.0% |
Japan | 0.1 | N/A | 0.3 | 1.2 | 128.9% |
Others | 1.0 | 0.5 | 1.3 | 0.7 | -11.2% |
Total | 17.1 | 13.2 | 28.7 | 38.2 | 30.7% |
Top Export Markets for Avocado from Australia in 2022:
- Hong Kong SAR (5.1K tons)
- Singapore (3.5K tons)
- Malaysia (1.8K tons)
- Japan (0.3K tons)
This report provides an in-depth analysis of the avocado market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global avocado market revenue amounted to $13.5B in 2018, reducing by -9.3% against the previous year. This...
Global avocado consumption totaled X tons in 2017, increasing by X% against the previous year.
In 2016, the avocados market increased to X tons, expanding at +X% per year from 2007 to 2016. Over the last six years, market displayed a consistent growth; it accelerated sharply from 2011-2016 after a period of relatively flat trend pattern
Global avocado consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global avocado exports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global avocado imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.