The U.S. has developed a huge appetite for avocados, with per-capita consumption more than tripling since 2001. Neighbor Mexico has fueled a lot of the demand, with 80% of its avocado exports bound for the U.S., which in 2024 are set to total $2.7 billion. No other country comes close to Mexico’s production; in 2023, the state of Michoacán alone, where most of Mexico’s avocados come from, planted more than 440,000 acres, according to the USDA. By comparison, California, the U.S.' most dominant avocado producer, had little more than 52,000 planted avocado trees. Several factors like expensive labor, skyrocketing water costs and shrinking land availability have diminished the state’s role in the industry significantly. Can the U.S. avocado industry ever catch up to Mexico’s?
Chapters:
0:00 Introduction
1:11 Chapter 1. California’s struggles
6:17 Chapter 2. Mexico’s dominance
9:15 Chapter 3. Supply chain risks
Produced by: Natalie Rice
Edit by: Evan Lee Miller
Senior Managing Producer: Tala Hadavi
Camera by: Bart Vandever
Animation: Jason Reginato, Christina Locopo, Emily Rabbideau
Additional Sources: Hass Avocado Board, California Avocado Commission, Avocado Institute of Mexico
Additional footage: AP Photo, Avocados From Mexico, Avocados Producers and Exporters Association of Mexico, Getty Images, NBC News, Reuters
» Subscribe to CNBC:
» Subscribe to CNBC TV:
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to be more successful and confident with your money? Take CNBC Make It’s new online course. Our expert instructors will help you master your money and discover practical strategies to boost your savings, reduce debt, and grow your wealth—in a way that works best for you. Enroll in "Achieve Financial Wellness: Be Happier, Wealthier & More Financially Secure" to start your journey to financial freedom today! Get a 30% discount with the coupon code EARLYBIRD until September 2, 2024:
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Instagram:
Follow CNBC News on Facebook:
Follow CNBC on Threads:
Follow CNBC News on X:
Follow CNBC on WhatsApp:
Why Mexico Beats The U.S. In Avocado Production
Watch video Why Mexico Beats The U.S. In Avocado Production online, duration 13 minute 17 second in high hd quality that is uploaded to the channel CNBC 09 August 2024. Share the link to the video on social media so that your subscribers and friends will also watch this video. This video clip has been viewed 367 thousand times and liked it 5 thousand visitors.