Based on the provided data, Mexican avocados exported to France experienced significant fluctuations from 2013 to 2023. In 2023, the exports were valued at $43.14 million. Over this period, notable shifts include an early surge, peaking in 2017 at $46.88 million, a subsequent dip by 2020, and a recovery reaching new peaks in 2022 and 2023.
Key variations over the last two years show a recovery with a 23.3% increase in 2022 followed by a further 14.12% rise in 2023. The five-year compound annual growth rate (CAGR) leading up to 2023 stands at 6.92%.
The forecast for 2024-2028 indicates a steady growth, albeit at a moderate pace, with a projected 1.95% CAGR over the next five years. By 2028, avocados exports to France by Mexico are expected to reach $48.79 million, marking an overall growth rate of 10.16% from 2024 to 2028.
Future trends to watch for include potential market volatility influenced by environmental factors, shifts in consumer demand, and changes in trade policies that could either bolster or hinder avocado exports from Mexico to France.
