In 2023, fresh avocado imports in the US stood at 2.8 billion pounds, reflecting a consistent upward trend. Year-on-year variations indicate fluctuating growth, with a 3.57% increase from 2022 to 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) shows an average annual increase of 2.85%. Historical data highlights significant variations, with peaks in 2014 (CAGR of 20.25%) and a notable dip in 2019 (-3.41%). Forecasts predict continued growth, albeit at a slower pace, with a projected CAGR of 2.37% from 2024 to 2028.
Future trends to watch for include:
- Impact of climate change and environmental factors on avocado production.
- Changes in consumer preferences towards organic and sustainably sourced avocados.
- Potential trade policy shifts affecting import dynamics.