Papaya Price Trend and Forecast

Papaya Regional Price Overview

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

 

Papaya Price Trend for the First Half of 2024

In the first half of year 2024, the papaya market has faced notable supply challenges and shifting demand dynamics. A significant weather-related issue in Mexico, including fluctuating temperatures, has disrupted the growth of papaya plants, leading to a tight supply. This situation is exacerbated by earlier gaps in supply, affecting virtually all growers and shippers, particularly from the Colima and Yucatan Peninsula regions. Despite these supply constraints, the overall demand for papayas has been lower compared to the same period last year.
 

Papaya Price Chart

Papaya Price Trends and Forecast

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This subdued demand is unusual and might be influenced by economic factors, contributing to a situation where prices have not surged as one might expect given the supply issues. Additionally, while imports from Mexico have decreased slightly, largely due to the production challenges in Guatemala which has suffered from torrential rainfall and flooding—Brazil has increased its export volume, leading to a decrease in prices for solo-type papayas. Overall, the papaya market experienced a complex scenario where supply shortages were met with softer demand, leading to only moderate price increases.

Analyst Insight

According to Procurement Resource, looking ahead, supply might see a gradual improvement post-Easter, but changes in market conditions will likely remain incremental.
 

Papaya Price Trend for the Second Half of 2023

In the second half of 2023, the global papaya market experienced varied trends across different regions. In the Netherlands, demand for Famosa papayas was relatively low, whereas Golden papayas, especially from Brazil, saw a notable surge in popularity, driven by strong demand in southern Europe as a seasonal Christmas item. France's market remained stable but complex, with papayas from Spain and Brazil contributing to a diverse but steady supply. Italy faced a decline in market share due to falling prices and declining quality, particularly for the Formosa variety, while Spain enjoyed increased demand during the festive season due to its competitive pricing and quality.

South Africa struggled with low production levels, likely due to adverse weather conditions, which limited availability. In North America, papaya supplies improved following a period of limited availability, driven by better sunlight conditions and economic adjustments. Overall, while the papaya market faced regional challenges and fluctuations, the fruit's diverse applications in culinary and health sectors, along with increased demand for quality, continued to influence market dynamics throughout the second half of 2023.

Analyst Insight

According to Procurement Resource, market dynamics for papaya are expected to remain fluctuating moving ahead as well. Supply and demand equations show regional variations.
 

Papaya Price Trend for the First Half of 2023

The prices of papaya fluctuated throughout the first and second quarters of 2023 as the demand and supply equilibria struggled to find an even point. In the first quarter, the rates of exports of papaya from Peru fell to almost half of its value due to weather and socioeconomic challenges. Even the number of countries to which Peru exports also declined to only five.

However, in Asian countries such as India, the demand for papaya surged in the months of the first and second quarters while its supply in the Indian markets remained low. This wide gap between the supply and demand of papaya pushed the prices of papaya in a positive direction. The cause of this rise in demand in Asian countries is the extreme weather conditions, due to which the summer season became much hotter. And thus, with the rising temperature and prevalent heat waves, the prices of papaya also surged in the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Papaya is expected to follow a fluctuating path as the demand in Asian countries is rising amid the limited production rates, but the global scenario does not seem to be in favor of the increasing papaya prices.

Procurement Resource provides latest prices of Papaya. 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 Papaya

Papaya is an elongated, vibrant yellow-orange colored fruit belonging to the genus Carica. It has a sweet taste, tropical flavor, and rich nutritional profile. It has a high quantity of vitamin C & A, dietary fibers, antioxidants, and enzymes that have various applications. They can be enjoyed with fruit salads, smoothies, or even as a raw fruit.

Papaya Product Details

Report Features Details
Product Name Papaya
Industrial Uses Textiles, Pharmaceuticals, Biodegradable Packaging, Papain Extraction, Cosmetics and skincare
HS Code 08072000
Supplier Database Brooks Tropicals LLC, Calavo Growers Inc., Galla Foods, Harvest Fresh Farms, Riverford Organic Farmers Ltd, Super Starr International
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


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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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