The year 2023 was the one in which Mexico saw a major decrease in the export of avocados being the most drastic decline of thirteen years, according to information from Banxico. In spite of an 23.4 percentage rise in the export volume as that was reported by the Agricultural Markets Consulting Group (GCMA) in total, the value of avocado exports fell each year by 10 increasing to US$2.9 billion in the period from January through November.

This drop in avocado exports is in contrast to the growth of other industrial goods agro-industrial that come from Mexico. The beer industry was the top exporter by a whopping US$5.6 billion. This was and tequila was next which accounted for US$4.1 billion. Beef and beef-based products saw an increase of 9.4 percent increase, and strawberries and tomatoes saw an increase in international sales.

The issues facing Michoacan which is the largest manufacturer and importer of avocados from Mexico was evident in 2023. While it was able to produce 72.8 percent of Mexico’s total avocado production Michoacan suffered a decline in value for exports. But, it is essential in the supply of Mexican avocados for events such as that of the Super Bowl in the United States.

Michoacan along with Jalisco are the only two states that are authorized to export avocados to Japan, the United States, Canada, and Japan. Even with the decreases expected to 2023, the strategic position of the two Mexican states, as well as the ongoing growing demand worldwide for avocados offer potential for the industry to grow in the coming years.

Furthermore, the cost of avocados increased across Mexico at the beginning of the year. of this year reaching MX$50 per kg at different locations. This suggests possible changes to markets and appetite, which may impact the recovery of the industry going forward.

Source: mexicobusiness.news