In 2022, the avocado market was valued at ~$14 billion, with estimates predicting a future valuation of ~$21 billion by the year 2028. As westerners continue to demand and consume this delicious fruit, the market correspondingly reacts to try to meet these demands.
The prices of such commodities are largely determined by the intersection of these forces of demand and supply. Thanks to technological advancements in the modern age, it has become increasingly easier to log, track, and analyze price and market data revolving around virtually any commodity, avocados included.