Exports of avocados from Mexico experience the steepest drop in 13 years

by

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

Related Agroforestry News Posts:

  1. Avocados Australia’s Regional Forum to boost avocado exports In the financial year 2022-23, Australian avocado growers/exporters exported 10,736 tonnes of fresh avocados for export to markets in the world. Avocados Australia is working on growing that number year on year. To achieve this goal, they have launched an...
  2. Kenya surpasses Tanzania among the top 10 producers of avocados Avocados are now one of Tanzania’s top exports, as more farmers take part in what’s known as “green gold.” Tanzania isn’t in the top 10 of producers in the world despite its production reaching new records. This is because a...
  3. Rwanda seeks to increase exports of avocado via sea after the the first shipment of avocados proved to be to be a success Rwanda will continue its experiment with exports of avocado via sea freight following an initial shipment that was successful into Dubai in November of the year before. The first shipment, which carried more than 23 tons of Hass avocados, showed...
  4. Vietnamese Fruit and vegetable exports are at a historical record highs According to the data of Vinafruit which is the Vietnam Fruits and Vegetable Association Exports during the initial third quarter of 2023 valued at US$4.1 billion. That’s 22 percent more than the entire year 2022, Vinafruit said. Durian as well...
  5. Australians stunned as the price of avocados fall to only 9 cents In Brisbane in the city, avocado prices have dropped to just 9 cents per ounce since Australia is experiencing a rapid increase in the production. Avocados Australia said that even though prices of avocados is affected by a variety of...

Source: The Plantations International Agroforestry Group of Companies