Australia is experiencing a dip in avocado production with the 2024/25 crop estimated to be down 15 per cent on last year, Rabobank says in a report.
But the drop in Australia’s booming ‘avo’ production is expected to be short-lived, resulting from the phenomenon of ‘alternate bearing’ where trees can produce a large crop one year followed by small or no crops the next, according to the report by the agribusiness banking specialist’s RaboResearch division.
And Australian production is forecast to rebound to record volumes – of around 170,000 metric tons – in 2025/26.
And even with the decline in this year’s production, there will still be plenty of avocados to go around, says RaboResearch analyst Anna Drake, with Australia estimated to produce 128,000 metric tons of the fruit in the 2024/25 season – which equates to close to 20 avocados per person a year.
Meanwhile the world’s appetite for avocados continues to grow at a rapid rate, with the global market ‘smashing’ the USD 20 billion (AUD 30 billion) mark for the first time.
And global avocado export volumes are expanding rapidly, the report says.
