GITNUX MARKETDATA REPORT 2024

Statistics About The Average Variable Cost

The average variable cost (AVC) is the total variable costs divided by the quantity of output produced, representing the cost incurred per unit of output.

Last Updated: June 18, 2024

Written & Summarized by: Jannik Lindner

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In this post, we explore a diverse range of statistics on average variable costs across various industries and regions. From agriculture to energy production, these figures provide valuable insights into the cost structures of different sectors. Scroll through to uncover intriguing data points on the average variable costs of production for corn, soybeans, coal, milk, eggs, electricity, and more in different parts of the world.

Statistic 1

"The national average variable cost of production for corn in the United States was $580 per acre in 2020."

Statistic 2

"For soybeans, the average variable cost in 2020 in the US was $202 per acre."

Statistic 3

"The average variable cost of coal production in the United States was $30.03 per short ton in 2019."

Statistic 4

"In 2013, the average variable cost for milk production in the European Union ranged from 22.7 to 56.7 Euro cents per kilogram."

Statistic 5

"According to a 2019 report, the average variable cost of producing one dozen eggs in the United States was $0.65."

Statistic 6

"In 2020, the average variable cost of producing electricity in Germany was between €0.02 and €0.08 per kwh."

Statistic 7

"For 2017, the Michigan State University Extension reports that the average variable cost of producing corn per bushel is $2.85."

Statistic 8

"According to a 2019 Statistics Canada survey, the average variable cost of poultry production in Canada was CAD $1.70 per kilogram."

Statistic 9

"In 2019, the average variable cost of producing apples for sale in the United Kingdom was £2,780 per hectare."

Statistic 10

"An average variable cost for businesses in the aircraft manufacturing sector in the United States in 2021 is projected to be around $1.22 billion."

Statistic 11

"In 2019, the average variable cost for fish farming in Norway was at NOK 34.46 per kg of salmon."

Statistic 12

"As of 2020, the average variable cost for rice farming in India was ₹11,387 per hectare."

Statistic 13

"In 2020, the average variable cost of ethanol production in the U.S. Midwest was $1.22 per gallon."

Statistic 14

"In 2018, the average variable cost for producing crude oil in Saudi Arabia was $3.00 per barrel."

Statistic 15

"The average variable cost of grape production in France was €2,291 per hectare in 2017."

Statistic 16

"In 2019, the average variable cost of wool shearing in Australia was AUD $2.65 per sheep."

Statistic 17

"In 2018, the average variable cost for producing one tonne of cement in China was ¥267.40."

The statistics presented reveal a wide range of average variable costs across different industries and countries, highlighting the diverse nature of production costs in various sectors. From the relatively low variable cost of producing coal in the United States to the considerably higher costs associated with aircraft manufacturing, the data underscores the significant variability in production expenses. Understanding and analyzing these costs is crucial for businesses and policymakers to make informed decisions and optimize their operations to remain competitive in their respective markets.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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