The supply of fresh avocados in Canada has shown a general upward trend from 2013 to 2021 before a slight dip in 2022. By 2023, the supply stood at 104.9 thousand metric tons, showing a 6.5% year-on-year increase. Over the last five years, from 2019 to 2023, the compound annual growth rate (CAGR) has averaged to 2.17%, indicating a deceleration in growth. The future forecasted data from 2024 to 2028 shows a slight decreasing trend with a 5-year CAGR of -0.35%.
Future trends to watch for:
- Market stabilization and potential saturation in Canadian avocado consumption and supply.
- Possible impacts of global supply chain disruptions or changes in avocado-producing regions.
- Influence of health trends and consumer preference shifts on avocado demand.
