Forecast: Fresh Avocados Production in the US

The US fresh avocado production has seen significant fluctuations from 2013 to 2023, with a notable decrease, reaching 251.26 million pounds in 2023 from a peak of 457.88 million pounds in 2015. The year-on-year variation highlighted substantial declines, particularly in 2022 and 2023, with -3.86%. The average compound annual growth rate (CAGR) over the past five years stands at -7.15%, indicating a persistent downward trend. Future projections for 2024-2028 anticipate further reductions, with an expected decrease to 203.98 million pounds by 2028. The forecasted 5-year CAGR is -3.3%.

Key trends to watch for include:

  • Continued decline in production due to environmental factors and market conditions.
  • Potential innovations in agricultural practices that may stabilize or reverse the declining trend.
  • Shifting consumer preferences and their impact on demand and production strategies.

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