The Asian-Pacific Avocado Market Peaks Near $1.4B
Mar 1, 2021
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The Asia-Pacific avocado market peaks near $1.4B (in wholesale prices), following the global trend of rising avocado consumption. Indonesia, China, and Australia constitute the largest avocado consumers in Asia-Pacific. Since the main consumers of avocados in Asia-Pacific are affluent residents of large cities, the continued growth of the middle class, particularly, in China, is expected to promote demand for avocados. The pandemic, however, still brings a significant risk of disruption of supply chains between avocado growers, importers, distributors, and retailers.