Global Avocado Market Faces Declines in Shipments and Price Fluctuations Amid Holiday Demand Shifts

The United States experienced a notable decline in avocado imports from Mexico during the closing weeks of 2024, with shipments dropping 27% in week 52 alone.

Despite Mexico maintaining its dominant position as the primary supplier, contributing 94% of the total imports, the reduced volumes coincided with a price surge for larger avocado sizes, reaching an exceptional $72.50 per 25 pound box.

Globally, the avocado market also faced challenges during the same period.

Europe recorded a 21% decrease in shipments, primarily led by Israel and Colombia.

While prices for smaller sized avocados remained steady in this region, larger sizes saw a 10% decline in pricing.

Meanwhile, in China, imports fell by 24% compared to the previous week, although experts predict a recovery in the coming weeks.

Chile experienced a mixed performance.

Weekly shipments dropped by 27%, mirroring global trends, but the country achieved remarkable annual growth, with a 93% increase compared to the same timeframe in 2023.

This underscores Chile’s growing significance in the global avocado trade, despite short term fluctuations.

Data like this provides valuable insight into shifting patterns and opportunities for growth in the produce industry.

The United States, Europe, China, and Chile each showcased different market dynamics influenced by regional factors and demand fluctuations.

With information from: Produce Blue Book