Europe: Abundance of small sizes impacts its price
During week 45, Europe received 562 imports, a slightly lower figure (8%-) than the previous week. However, the decrease is more significant compared to the same period last year, as there was 12% more fruit on the market during the same week in 2023.
Chile remains the most important source of avocados, with a 44% market share, followed by Colombia at 29%, and Israel, which accounts for 16% of the fruit in that region. Avocados from Spain are also available, and recent shipments from Peru continue to arrive.
Moroccan fruit is starting to become visible, but in the coming weeks it will show its greatest presence, offering production closer to the destinations, compared to Chilean fruit, which will be most impacted by the Moroccan onslaught.
In fact, Chile's volume is expected to decrease next week, according to records of fruit in transit. This week, imports from that country were 25% lower than the previous week. Conversely, imports from other sources are growing, such as Israel, which saw a 30% weekly increase in shipments; Spain, which is about to begin its peak season; and Colombia, which is experiencing a 40% volume increase.
In the Netherlands, there's a phenomenon worth noting: the prices of smaller fruit sizes have been significantly impacted. Records show an abundance of these sizes, primarily from Colombia, which explains their current prices. For example, size 30 has decreased by 36%. This trend is expected to continue in the coming weeks.
Israel is also sending a fair amount of fruit, but mainly green-skinned avocados, which are not in high demand in some markets.
Therefore, significant opportunities arise for those who can offer medium and large sizes. This is not the case for large fruit, whose prices have remained fairly stable. Although size 18 has decreased by 5%, it remains at a good price.
You can see all the details of the global avocado market in the Avobook Premium Report for Week 45.