The consumption of fresh avocados in Canada has shown significant growth from 2013 to 2023, peaking at 102.78 thousand metric tons in 2021. Recent years have displayed volatilities, notably a dip in 2022 followed by a mild recovery in 2023 with a 6.41% year-on-year increase. The compound annual growth rate (CAGR) has slowed notably from 18% in 2013 to just 2.15% by 2023.
Future consumption trends forecast a slight decline, with expected drops leading to a -0.37% CAGR by 2028. Over the next five years, growth is predicted to decrease by an average rate of -1.84% annually.
Future trends to watch for include:
- Potential changes in avocado prices and supply due to global market fluctuations.
- Shifts in consumer preferences towards plant-based diets that may impact overall demand.
- Impact of climate change on avocado production affecting availability and cost.