Plums Prices

Plums Prices December 2023

In 2023, the price of plums in the United States reached 4170 USD/MT by December. Similarly, in China, the plums prices hit 1077 USD/MT in December 2023. Germany also saw plums prices reaching 2993 USD/MT during December 2023.

Plums Price Trend, Market Analysis, and News

IMARC's latest publication, “Plums Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the plums market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of plums at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed plums price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting plums 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.

Plums Market Analysis

The global plums market size reached 16.63 million tons in 2023. By 2032, IMARC Group expects the market to reach 22.86 million tons, at a projected CAGR of 3.60% during 2023-2032.

• Plums are becoming increasingly popular due to their outstanding nutritional profile, which includes high quantities of vitamins A, C, and K, dietary fiber, and powerful antioxidants. Plums contain antioxidants that help counteract oxidative stress, which has been related to chronic diseases such as cancer and cardiovascular disease. In 2019, an estimated 17.9 million people died from cardiovascular diseases (CVDs), accounting for 32% of total global mortality. 85% of these deaths were caused by heart attacks or strokes. Additionally, plums' low glycemic index makes them beneficial to diabetics. Diabetes affects 29.7 million individuals of all ages, or 8.9% of the United States population. These alarming findings indicate plums' rising importance in managing a variety of illnesses, which has contributed to their widespread acceptance and adoption.
• Functional foods that provide additional health benefits are another significant factor that is driving the expansion of this market. The market for functional foods is expected to reach US$ 368.9 billion by 2032, with a staggering 5.7% growth rate. Plums and their derivatives are marketed and promoted as functional foods due to their digestive health benefits, antioxidant properties, and ability to improve bone health, which encourages their inclusion in various products.
• The growing concern about synthetic chemicals and pesticides that are used in producing fruits has made many consumers look for organically grown produce. The industry for organic foods is expanding at an impressive pace of 10.97% each year and is expected to reach $528.9 billion by 2032. Organic plums that are free from synthetic fertilizers and pesticides cater to this demand. Moreover, better access to products in supermarkets and online stores, along with increased certifications and regulations that assure consumers of the quality and authenticity of organic plums, has increased the expansion of this market.
• The growing popularity of plant-based and vegetarian diets has boosted the demand for plums. The market for plant-based food products is expected to reach US$ 29.0 billion by 2032, indicating an astounding 11.5% increase. As more individuals follow diets that limit or eliminate animal products, they look for alternate sources of protein, healthy fats, and critical elements. The shift towards plant-based diets is another major driver of the plum market. Plums offer a natural, plant-based source of essential nutrients, making them an attractive option for consumers looking to increase their fruit and vegetable intake.

Plums News

The report covers the latest developments, updates, and trends impacting the price of plums, 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 plums price trend.

Latest developments in the plums industry:

• In January 2023, Pacific Trellis Fruit announced that it will feature four new imported specialty plum varieties in the US. The plums were unveiled in 2-pound clamshells under the Dulcinea brand.
• In May 2024, Superplum announced that it had raised $15 million from investors to expand its business. The company said it has completed the Series A funding round to raise $15 million. This will include expansion projects for fruits like mangoes, litchis, apples, grapes, cherries, and plums amongst a growing list of products.

Product Description

Plum refers to a fruit from the Prunus genus that is available in various types like European, Japanese, and Damson plum variations. It is known for its smooth skin, juicy flesh, and central stone, with colors ranging from yellow to dark purple. They are rich in vitamins A, C, and K, dietary fiber, and antioxidants. They are used in fresh consumption, jam and jelly, baking, sauces, wine and brandy, prunes, cosmetic products, dietary supplements, herbal medicines, and natural sweeteners.

Plums are high in vitamins, improve digestion, boost immunity, promote eye health, enhance skin health, provide energy, support heart health, reduce inflammation, aid in weight management, and offer potential anti-cancer properties. Moreover, they are lauded for their versatility in culinary uses, ease of incorporation into various products, long shelf life, year-round availability, rich nutrient profile, pleasant taste, and natural sweetness.

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 plums price trend. 

Global Plums Price

The report offers a holistic view of the global plums pricing trends in the form of plums 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 plums, 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 plums 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 Plums Price

European plums 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 plums can also be provided for an extensive list of European countries.

North America Plums Price

The analysis of plums 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 plums historical data within the United States and Canada can also be provided.

Middle East and Africa Plums Price

The report explores the plums 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 Plums Price

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

Latin America Plums Price

The analysis of plums 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 plums pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting plums 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 plums price charts ensure our clients remain at the forefront of the industry.