Despite these strange times, the avocado business in Kenya seems to be thriving. Kenya has recently topped Africa in global exports and at this point in time ranks 7th largest exporter in the world.
The diverseness of the avocado has had an effect on its demand. Year by year, its demand around the globe goes up. According to InspiraFarms, the fast growth in demand and prices are setting up avocado as one of the top crops to be traded.
Over the years, the export of avocados has gained a lot of momentum in the country. It is currently a great source of revenue and business to not only the farmers but also to the country. Statistics show that Kenya produces an average of 191,000 tons of avocado per year. It exports approximately 51,507 tons of the fruit.
According to Transparency Market Research (TMR), the global avocado market was valued at US$13.64 bn in 2018 and is predicted to attain an overall value of US$21.56 bn by 2026. The market is projected to show a healthy CAGR of 5.9% every year during the forecast period of 2018-2026.