The Avobook W21 report also shows a decline in Mexico's market share in the United States and a striking phenomenon in China, where there is less volume, but the price is falling.

For several weeks, a saturated European inventory kept avocados at low prices. However, the Avobook W21 Report shows that supply and demand have finally balanced, driven by lower-than-expected avocado volumes from Peru. Despite this, Peru remains the top-selling avocado.

This has opened up opportunities for Colombia, which is filling the gaps left by its South American neighbor, while South Africa is behaving just as Avobook projected last week: it jumps from 40 to 317 containers, due to the fluctuations caused by problems in shipping routes.

An indicator that shows the inventory clearance can be seen in Holland, where the price of size 22 has grown by 31%, a situation that is repeated in much of the fruit arriving in the old continent.

In the United States, for the first time since week 41 of 2023, avocado shipments have fallen below the 40 million pound mark (33 million pounds), decreasing their market share from 70% to 61%. The reason is clear: Michoacán is finishing its harvest, having already met 90% of its projected production for the season.

This coincides with the numbers for California's presence, which has shown gradual growth, with almost 5% higher than last week.

Peru has also significantly increased its shipments. That's not a problem for Colombia, which is also gaining significant ground.

But data from the Avobook W21 Report shows that the Mexican effect in North America also extends to Canada, as it is the main supplier of the fruit to that country. The reduction in Mexican exports has led Peru to triple its shipments in just over a month, going from 2 to 6 containers per week.

Also interesting is what we're seeing in China: Peruvian avocado exports have decreased in volume. They've dropped from 80 containers per week to just over 40, which led to expectations of improved prices. However, prices have fallen by an average of 15% for larger sizes ( 18 to 24) and between 7% and 10% for smaller sizes.

In Chile, we should see an increase in the arrival of Peruvian avocados, considering that the peak of that origin in 2023 occurred between June and July.

We invite you to read the Avobook W21 Report or the summary, which can be accessed at the following link.