Nectarines Prices

Nectarines Prices August 2023

In the third quarter of 2023, the price of nectarines in the United States reached 2.51 USD/lb by August.

Nectarines Price Trend, Market Analysis, and News

IMARC's latest publication, “Nectarines Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the nectarines market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of nectarines at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed nectarines price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting nectarines pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Nectarines Market Analysis

• Consumers' growing health concerns are a major market driver for nectarines. Nectarines, which are high in vitamins A and C, potassium, and fiber, appeal to health-conscious shoppers looking for nutritious snacks. They are also low in calories, fat, and cholesterol, making them a good choice for people looking to maintain a healthy diet. The growing trend toward natural and organic foods increases demand for nectarines, as customers prefer fresh, less processed foods. As per IMARC Group, in 2023, the market for organic food reached a value of US$ 207.4 Billion. IMARC Group projects that the market will expand at a rate of 10.97% from 2024 to 2032, and will reach US$ 528.9 Billion, by the year 2032. This health-driven demand is also fueled by growing awareness of the antioxidants and phytonutrients present in nectarines, which promote general health and well-being.
• The rising disposable income also has a direct impact on nectarines demand. As per the US Bureau of Economic Analysis, personal income increased $122.0 billion (0.5 percent at a monthly rate) in March. Disposable personal income (DPI)—personal income less personal current taxes—increased $104.0 billion (0.5 percent). As consumer’s purchasing power grows, they are more likely to spend on luxury and exotic fruits, such as nectarines. This tendency is especially visible in emerging nations, where the middle class is growing and there is a greater demand for diversified and high-quality fruits. Higher disposable earnings also result in higher spending on health and fitness, which drives up demand for nutrient-dense fruits like nectarines. Retailers and marketers are capitalizing on this trend by advertising nectarines as a luxury fruit alternative in a variety of package options that appeal to a wide range of consumer categories.

Nectarines News

The report covers the latest developments, updates, and trends impacting the price of nectarines, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the nectarines price trend.

Latest developments in the nectarines industry:

• July 2024: Vietnam granted access for California peaches and nectarines, allowing these fruits to be exported to the country. This decision follows a successful inspection by Vietnamese authorities of California's production facilities and pest management systems. The move is expected to enhance trade relations between the U.S. and Vietnam, benefiting California growers by expanding their market opportunities. The first shipments are anticipated to begin soon, marking a significant milestone for the state's agricultural exports.
• January 2022: Unifrutti Group acquired Chile-based fruit supplier Verfrut, enhancing its operations in the fresh produce sector. Verfrut, known for its extensive farming of grapes, cherries, apples, blueberries, and stone fruits like nectarines, operates over 7,500 hectares in Chile and Peru. This strategic acquisition aims to boost Unifrutti's growth and commitment to sustainability.

Product Description

Nectarines are a type of stone fruit that belongs to the same species as peaches, Prunus persica. They are identified by their smooth, fuzz-free skin, which differs from the fuzzy skin of peaches. This unique smoothness is attributable to a recessive gene, which makes nectarines genetically identical to peaches yet distinct in texture. Nectarines are typically small to medium-sized, with a round shape and a central pit or stone. Their skin color varies from yellow to deep red, while the meat inside might be yellow, white, or slightly reddish. Nectarines have a sweet and juicy flavor with a dash of acidity, making them ideal for fresh consumption as well as in desserts, salads, and beverages. They can be enjoyed fresh, cooked, or dried, and they pair well with various other fruits and flavors, enhancing their versatility in culinary applications. Their appealing taste and nutritional benefits make them a favored choice among consumers seeking delicious and healthful fruits.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the nectarines price trend.

Global Nectarines Price

The report offers a holistic view of the global nectarines pricing trends in the form of nectarines price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of nectarines, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed nectarines demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Nectarines Price

European nectarines prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for nectarines can also be provided for an extensive list of European countries.

North America Nectarines Price

The analysis of nectarines prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific nectarines historical data within the United States and Canada can also be provided.

Middle East and Africa Nectarines Price

The report explores the nectarines pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Nectarines Price

The nectarines pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This nectarines price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Nectarines Price

The analysis of nectarines prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of nectarines pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting nectarines price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The nectarines price charts ensure our clients remain at the forefront of the industry.