Avocado production in Ethiopia has seen significant growth from 18.21 thousand metric tons in 2013 to 116.9 thousand metric tons in 2023, showing a robust upward trend over the past decade. The most remarkable growth was observed between 2013 and 2014 with a 194.95% YoY increase. Recent years have seen a steadier but still positive growth, with the CAGR over the last five years standing at around 6.63%. Specifically, between 2021 and 2023, the YoY increases were 9.83% and 3.84%, respectively.
Looking ahead, the forecasted data indicates continued growth, albeit at a moderated pace, with a 5-year CAGR projected at 2.77%, leading to a value of approximately 139.46 thousand metric tons by 2028. This suggests an overall forecasted growth rate of 14.65% over the next five years.
Future trends to watch for:
- Potential market saturation which might slow down production growth.
- Influence of climate change on avocado yields.
- Improvements in agricultural practices and technology adoption.
