Avocados Prices

Avocados Prices December 2023

In December 2023, the price for avocados reached 2374 USD/MT in the United States.

In China, the avocados price touched 3072 USD/MT in December 2023.

Germany’s avocados price settled at 3819 USD/MT in December 2023.

Avocados Price Trend, Market Analysis, and News

IMARC's latest publication, “Avocados Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the avocados market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of avocados at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed avocados price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting avocados pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Avocados Market Analysis

The global avocados market size reached 9.1937 million tons in 2023. By 2032, IMARC Group expects the market to reach 12.64 million tons, at a projected CAGR of 3.60% during 2023-2032.

• Consumers are becoming more aware and careful of their health, which encourages them to seek meals that provide nutritional value and support overall well-being. Avocados are high in beneficial monounsaturated fats, vitamins, minerals, and fiber, making them a desirable choice. They are particularly popular among individuals who are following specific dietary regimes such as keto, paleo, and vegan diets. The market for vegan and paleo diets is growing rapidly, with a pace of 9.03% and 5.31%, and is expected to reach US$39.8 billion and US$19.0 billion by 2023, respectively. This hike in consumption of these diets has considerably boosted the market expansion.
• Avocados are becoming more popular as people learn about their role in lowering cholesterol, enhancing heart health, and delivering key nutrients like potassium and folate. It has been found that raised cholesterol levels increase the risks of heart disease and stroke. Globally, a third of ischaemic heart disease is attributable to high cholesterol. Overall, it is estimated to cause 2.6 million deaths and 29.7 million disability-adjusted life years (DALYS), or 2% of total DALYS. This data has encouraged more people to prioritize their health, which has resulted in the increased consumption of avocados.
• The widespread adoption of vegetarian and vegan lifestyles by people, which is creating the demand for plant-based foods, is driving the market expansion. The industry for plant-based food products is expected to reach US$ 29.0 billion by 2032, with a stunning 11.5% growth rate. Avocados are an excellent source of plant-based fats and proteins, which has made them a staple in these diets. They are known to provide essential nutrients that can be challenging to obtain from other plant-based sources, such as healthy fats and certain vitamins.
•  The availability and ease of buying avocados have been greatly increased by the growth of retail and e-commerce outlets. Major supermarket chains, specialized grocery stores, and online grocery platforms have expanded their offering of avocados, making it easier for customers to access the fruit. The Indian online grocery industry is expected to reach US$ 26.93 billion in 2027, up from US$ 3.95 billion in FY21, at a 33% CAGR. This growth of e-commerce has been particularly impactful, allowing consumers to purchase avocados from the comfort of their homes and have them delivered straight to their doorsteps. They have significantly increased avocado sales due to their convenience and accessibility.

Avocados News

The report covers the latest developments, updates, and trends impacting the price of avocados, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the avocados price trend.

Latest developments in the avocados industry:

• In October 2023, Eurosemillas SA launched a new avocado variety called Luna in collaboration with the University of California, Riverside. This new avocado variety offers consumers great flavor, a rind that turns black when ripe, and high postharvest quality.
• In August 2023, Westfalia Fruit launched India's first dedicated avocado ripening facility. This launch aims to support the growing demand for avocados in India and ensure a consistent supply of high-quality fruit to consumers.

Product Description

Avocado refers to a nutrient-rich fruit that is derived from the Persea americana tree. It is recognized for its creamy texture and distinctive taste. This fruit is available in several types, including Hass, Fuerte, Bacon, Zutano, and Pinkerton, each with unique characteristics in terms of flavor, size, and skin texture. Avocado possesses numerous beneficial properties, such as being high in healthy monounsaturated fats, fiber, vitamins, and minerals. It finds use in a variety of applications, like guacamole, salads, smoothies, sandwiches, sushi, toast, skincare products, hair care treatments, cooking oil, and baby food.

Avocados offer several benefits, such as improving heart health, aiding digestion, enhancing skin quality, supporting eye health, promoting weight loss, reducing inflammation, lowering cholesterol levels, boosting nutrient absorption, providing antioxidant properties, and offering a rich source of folate. Moreover, they are known for their versatility, high nutrient-density, suitability for various diets, easy incorporation into meals, and overall health benefits.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the avocados price trend. 

Global Avocados Price

The report offers a holistic view of the global avocados pricing trends in the form of avocados price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of avocados, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed avocados demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Avocados Price

European avocados prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for avocados can also be provided for an extensive list of European countries.

North America Avocados Price

The analysis of avocados prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific avocados historical data within the United States and Canada can also be provided.

Middle East and Africa Avocados Price

The report explores the avocados pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Avocados Price

The avocados pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This avocados price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Avocados Price

The analysis of avocados prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of avocados pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting avocados price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The avocados price charts ensure our clients remain at the forefront of the industry.