🧵 1. Avocado consumption in the U.S. has more than tripled since 2001, with 90% of avocados coming from Mexico, totaling $2.7 billion in imports by 2024. #business
🧵 1. Avocado consumption in the U.S. has more than tripled since 2001, with 90% of avocados coming from Mexico, totaling $2.7 billion in imports by 2024. #business
🧵 2. California produces about 90% of domestic avocados, but falls short of meeting the high demand due to factors like cost of production and limited resources.
🧵 3. U.S. agricultural production is shrinking, with imports surpassing exports for the first time. Mexico remains a low-cost, efficient producer of avocados.
🧵 4. Over 80% of Mexico's avocado exports go to the U.S., with its industry expanding. Jalisco is the second Mexican state trading avocados with the U.S.
🧵 5. The growth of Mexico's avocado industry poses challenges for U.S. producers, leading to concerns about meeting the rising demand.
🧵 Read more at: https://www.cnbc.com/2024/08/17/why-90percent-of-the-us-avocado-supply-comes-from-mexico-.html