Avocado Oil Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Avocado Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Avocado Oil Price Trend for the Second Half of 2023

Avocado oil has a high smoke point, which makes it suitable for cooking, contributing to the production of healthier fried foods. In the cosmetics industry, avocado oil serves as a moisturizing agent in skincare products, thanks to its rich content of vitamins A, D, and E, as well as antioxidants. Additionally, it is utilized in hair care products for its nourishing properties, promoting hair strength and shine.

Avocado Oil Price Chart

Avocado Oil Price Trends


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In the third and fourth quarters of 2023, India welcomed its first shipment of avocados from Kenya, marking a significant milestone in bilateral trade relations. This development followed an agreement between the two countries, facilitated by the Ministry of Agriculture and Farmers' Welfare and the National Plant Protection Organization. The entry of Kenyan avocados increased the market competitiveness, and as a result, the domestic producers and traders had to reduce their prices in order to sustain themselves in the challenging environment.

Kenya, on the other hand, is a major avocado producer and has witnessed rapid growth in avocado plantations, predominantly managed by small-scale farmers. The fruit's expanding global trade and rise in popularity of Kenyan produce helped the market to expand in the overseas sectors. It also benefited the traders as they enjoyed the hike in avocado and its related avocado oil prices throughout the H2 of 2023.

Analyst Insight

According to Procurement Resource, the price trend for Avocado Oil will probably be dependent on the rising reliance of import-sustained countries on overseas exports and the market dynamics of downstream industries.

Avocado Oil Price Trend for the First Half of 2023

Avocado oil prices closely mimic the prices of its source fruit Avocado, which is majorly grown in American countries like Mexico, Columbia, and Peru. The first half of 2023 was a good season for Avocado farmers as the harvest turned out to be much better than the last year.

Australia, too witnessed a good harvest season, almost oversupplying the market, but as the fruit kept gaining popularity for its nutritional values, exports were also on the rise. As the consumption rose and the yield also increased, Avocado oil prices also witnessed lower fluctuating price trend, especially in the American and European markets.

Analyst Insight

According to the Procurement Resource, Avocado Oil prices are expected to rise in the coming months, as the consumption and downstream demands from oil industries are on the rise, and the harvest season is getting over. Thus, amidst limited supply and higher demands, prices are expected to incline further.

Procurement Resource provides latest prices of Avocado Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About

Avocado Oil is an edible oil pressed from the fruit of the avocado tree. It is utilised as an ingredient in several dishes, and as a cooking oil. It can also be used for other purposes like lubrication and in cosmetics, where it is valued for its supposed regenerative and moisturising properties.

It has a high smoke point and it is a good source of monounsaturated fats and vitamin E.  Avocado Oil is characterised by emerald green colour. The refined Avocado Oil barely has a smell, but the unrefined Avocado Oil smells nutty.

Product Details

Report Features Details
Product Name Avocado Oil
Synonyms 8024-32-6, Avocado oleum, Persea gratissima oil, Glyceridic, Lipovala
Industrial Uses High-heat cooking application, Baking, Moisturiser, Lubrication, Cosmetics
Supplier Database Sesajal S.A. de C.V, Bella Vado, Inc, Chosen foods LLC., Grupo Industrial Battellero S.A. de C.V
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Avocado Oil via Mechanical Extraction

In order to produce Avocado Oil, ripped avocado is pressed and the oil is recovered from it mechanically. The skin and stone (seed) is removed and after this, the flesh is ground to a paste and then malaxed for 40-60 minutes and 45-50°C.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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