Forecast: Avocados Exported to South Korea by Mexico

The export of avocados from Mexico to South Korea has shown a significant upward trend over the past decade, with a remarkable growth rate year-on-year. In 2023, the export volume stood at 6870 Metric Tons, reflecting a consistent increase in demand and market penetration. Over the last two years, the year-on-year growth was 19.20% in 2022 and 15.95% in 2023. The compound annual growth rate (CAGR) for the last five years was 27.41%. Forecasts for the next five years indicate a steady increase, with an estimated CAGR of 7.97% through 2028. Observing these trends, the exports are anticipated to grow by 46.76% over this period.

Looking ahead, several trends will be pivotal:

  • The adoption of sustainable farming practices could influence production and export capabilities positively.
  • Consumer demand in South Korea for healthier food options, including avocados, is likely to sustain growth.
  • Trade policies and economic conditions between Mexico and South Korea will remain critical factors for continued expansion.

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