The Avobook Week 31 Report highlights a 28% increase in the price of size 48 avocados in the United States, reflecting the rising value of nearly all Mexican fruit. Europe is experiencing price stability, despite a 15% increase in shipment volume.

The avocado market is experiencing significant changes this week, according to the latest Avobook Report , corresponding to Week 31. In the United States, prices have seen a significant increase for Mexican fruit, reflected in one of the reference sizes, size 48, which shows a 28% increase in its transaction value.

The main reason for this price increase is that the old harvest is ending and the new Mexican fruit has not yet reached the dry matter content threshold. Furthermore, there is another factor to consider: the total volume of fruit entering that market is rather modest, at 51 million pounds, 43% of which originates from its Mexican neighbors.

Peru remains the second largest supplier, with a 26% market share, nearly tied with California avocados at 24%. Colombia has seen a decline in its avocado shipments to the United States, now representing 6% of total exports, a 32% drop compared to the previous week.

Europe receives more fruit and prices remain stable

In Europe, the volume of shipments has increased by 15% compared to last week, with 786 containers received. The main source of these shipments is Peru, which accounts for 609 shipments, giving it three-quarters of the market.

Further behind is fruit from South Africa, which contributes 16% of what is available to importers.

Despite this increase in volume, prices traded in the Netherlands and the rest of Europe have remained stable. The situation is slightly different in Spain, where larger sizes saw a price decrease, following a trend of the last four weeks. Prices for sizes 20 and smaller remain stable.

China and Chile import much less fruit

In China, volumes remain low. This week's decline is 8% compared to last week and 57% lower compared to week 31 of 2023.

However, prices have increased significantly: some sizes are rising by up to $1 per kilo. Overall, there is a 39% increase compared to the previous week.

In Chile, imports have also decreased, with 32% fewer shipments compared to last week, with 81 containers, as the presence of local fruit grows.

However, the first shipments of the season from Chile to international markets have already begun, with six containers. The first shipment to Europe has already been dispatched and will arrive on that continent in week 33, marking the start of a season that will see a significant increase in its market share after that week.

The Avobook Week 31 Report offers a detailed analysis of these trends, both in origin and destination markets, providing crucial information to understand the global avocado market and make sound decisions.

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