The large global demand and the profitable export unit price of this product remain the main drivers of this growth, prompting substantial investments in the area of expansion in both core production and emerging areas.
According to the report on the Agricultural Outlook 2021-2030 of the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO), avocado will become the most traded tropical fruit. to 2003
According to the report, avocado production by 2030 is projected at 12 million metric tons, of which up to 3.9 million tons are purchased, surpassing both pineapples and scabies in volume.
“Production is forecast to reach 12 million barrels by 2030, more than three times its 2010 level.” Ample global demand and profitable export unit prices remain the main drivers of this growth, prompting substantial investments in area expansion as well as in primary production. and in emerging areas,” the document says.
On the other hand, the report highlights that at the highest average unit prices of avocados, the total world export value would reach an estimated US$8.3 billion, thus placing avocados as one of the most valuable products in the market.
On the other hand, it stands out that, although avocado production has been concentrated in a small number of regions and countries so far, it is expected that in 2030 approximately 74% of avocado production will remain in Latin America and the Caribbean, given its prosperity. growing conditions in this region.
Also, the report indicates that in Mexico, the largest producer and exporter of avocados in the world, growth of 5.2% per year is expected in the next ten years due to the continuous growth of demand in the United States.
“Despite growing competition from emerging exporters, Mexico is expected to continue to increase its share of world exports, up to 63% in 2030,” indicates a report published by the OECD.