In 2023, Mexico exported 37.44 thousand metric tons of avocados to Spain. This represents a 17.21% increase from the previous year. The compound annual growth rate (CAGR) over the last five years (2018-2023) is 18.76%, indicating strong growth in avocado exports during this period.
Looking ahead, the forecasted data suggests a continued upward trend with an expected CAGR of 7.19% over the next five years (2024-2028). By 2028, exports are projected to reach 59.29 thousand metric tons, representing a 41.5% increase from 2023.
Future trends to watch for include:
- Sustainability practices in avocado farming
- Changes in consumer preferences and demand in Spain
- Impact of trade policies and tariffs
- Advancements in supply chain logistics and storage technology
Monitoring these factors will be essential for accurately forecasting and strategizing in the avocado export market.