From 2013 to 2023, avocado production in Asia has shown a steady increase, culminating in a production value of 881.79 Thousand Metric Tons in 2023. Analysis of year-on-year variations reveals fluctuations, with notable growth in 2015 (15.59%) and 2018 (12.2%). Conversely, 2016 saw a decrease of 9.48%. The CAGR over the last five years (2018-2023) averaged 3.58%, indicating a sustained upward trend despite minor annual variations.
The forecasted production from 2024 to 2028 suggests continued growth, albeit at a slower pace. The 5-year CAGR for this period is projected to be 1.93%, leading to an overall increase of 10%. Future trends to watch for include potential impacts of climate change, advancements in agricultural practices, and shifts in consumer demand influencing production strategies.
