Raspberry Puree Price Trend and Forecast

Raspberry Puree Regional Price Overview

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

Raspberry Puree Price Trend for the Second Half of 2024

The prices of raspberry puree in the second half of 2024 exhibited mixed trends, reflecting the price trajectory of its key feedstock, raspberries. Raspberry puree is a versatile ingredient used in a wide range of foods to provide vibrant color, a sweet-tart flavor, and a smooth consistency. It is made by blending raspberries until smooth and then straining them to remove seeds, resulting in a refined, flowy texture. Artificial sweeteners and preservatives are added at the final stage to extend the product's shelf life.
 

Raspberry Puree Price Chart

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Since raspberry puree is primarily derived from raspberries, the price of raspberries significantly influences its pricing. At the beginning of the period, raspberry prices followed an upward trend due to a limited fruit supply. Heat waves across Europe damaged crops in several key growing regions, tightening supplies and driving up prices. Additionally, Ukraine's ongoing conflict exacerbated market volatility by causing delays in fruit processing and storage.

A similar trend was observed in Mexico, where high-quality frozen raspberry supplies also faced shortages. However, as the quarter progressed, fresh fall and winter harvests from key growing regions stabilized supply, leading to a price correction in the fruit. This allowed raspberry puree prices to regain balance in the latter half of the period.

Analyst Insight

According to Procurement Resource, the prices of raspberry puree are expected to observe an oscillating trajectory influenced by the prices of its primary feedstock, raspberry.
 

Raspberry Puree Price Trend for the First Half of 2024
 
The price of raspberry puree primarily depends on the prices and production volumes of raspberries. Since raspberries are agricultural products, the prices vary regionally. In the United States, the prices of raspberries were almost double the prices compared with the last year. This provided some upstream support to the prices of raspberry puree with the tightening of the profit margins of the producers. Bad weather conditions and low production in Mexico were the reasons behind this limited supply of the raspberries. Limited volumes and higher demand kept the prices of raspberry puree volatile in the United States market.

European market also witnessed the same trend of surge in prices. Ukraine, Poland, and Serbia are the leading suppliers of raspberries. The prices were stable in Germany amid stable supply of raspberries. Overall, the prices of raspberry puree rose depending on the prices of raspberries, which were in limited supply in the said period, influenced by climatic factors, increased production costs, and competition from overseas producers. A visible shift in the prices is expected after the newly harvested crop hits the market.

Analyst Insight

According to Procurement Resource, the prices of raspberry puree can show a fluctuating trend in the short term, but prices are expected to decline after the newly harvested crop hits the markets.
 

Raspberry Puree Price Trend for the Second Half of 2023

The prices of raspberry puree in the said period kept on fluctuating directly depending on the prices of feedstock, raspberries. In the United States, raspberries enjoyed unprecedented sales amid growing demand. Depreciating dollar was the good news for importing countries, filling the gaps in supply in Europe and Asia. A marginal decline in production was witnessed in Mexico due to warm and humid weather conditions. Volumes from Watsonville covered for the lost production in the month of August. This rise in price provided cost support to the downstream industries such as raspberry puree and syrup.

Ukraine, Poland, and Serbia are the leading suppliers of raspberries. The prices raspberry in Ukraine witnessed low prices in Q3'23 amid weak demand. As raspberry puree prices are primarily dependent on the supply of raspberries, the market witnessed a fluctuating trend. European market also witnessed elevated prices for a few weeks in October amid the limited supply due to production losses caused by Storm Bernard. Significant damage in the producing regions of Spain, Portugal, and Morocco was visible in October.

Analyst Insight

According to Procurement Resource, the prices of raspberry puree are expected to witness inclines in the coming months, depending on the limited supply of raspberries.
 

Raspberry Puree Price Trend for the First Half of 2023

The said period of H1’23 witnessed a dip in Raspberry Puree prices. Raspberry Puree prices directly depend on the feedstock Raspberry prices, which were sluggish during this time. Ukraine, Serbia, and Poland are the leading suppliers of Raspberries. So, when the war hit Ukraine, the Raspberry Puree prices shot up in 2022 as the supplies were compromised.

However, the arrangement by the United Nations-led to restoring supplies from the war-hit country. Further, because of normalized energy prices, the processing cost that is required to convert Raspberries into Raspberry Puree also declined. Overall, slumping price trend were observed.

Analyst Insight

According to Procurement Resource, the price trend for Raspberry Puree are set to decline further in the coming months, as the winter season will push down the freezing and storage charges.
 

Raspberry Puree Price Trend for the Second Half of 2022

The demand for raspberries grew in the US market during the later months of 2022 which led to the strengthening in the prices of the commodity thereby directly impacting the price trend for raspberry puree. The raspberry market is, however, not expected to return to the 2021 levels, even if the demand picks up. The holiday season supported the market and generated the momentum that the commodity required. In addition to that, the dominance of Peruvian blueberries declined as the supply decreased and the production of raspberries in Mexico and the US pulled up.

In the European market too, the prices were under the green light for a prolonged period, but the ongoing Russia-Ukraine crisis disrupted the dynamics. The producers were forced to sell their crops at compromised prices. The market values steadily dropped under these circumstances, and finally, Ukraine ceased its sales, and exporters from other nations too decreased their prices. But the prices are expected to recover in the upcoming months as the Raspberry market has a history of high demand.

Analyst Insight

According to Procurement Resource, given the current market dynamics, the price trend for Raspberry Puree are expected to increase in the coming months. The high demand from the end-user market industries will lead to an incline in the prices of raspberry puree.
 

Raspberry Puree Price Trend for the First Half of 2022

The National Farm Union, UK concluded that the war in Ukraine is one of the prime reasons for the current price rise in farm and allied products. The price of jams and puree shot up by 50% as compared to the previous year.

The global supply chain disruptions amid complicated logistics and adverse weather conditions have rattled the farm input costs. With the current market uncertainty, the suppliers reached the limits up to which they can absorb the rise in input costs and thus, transferring the high puree prices to the consumers.

In Moldova, the raspberry prices averaged 60-65 MDL/kg (3.31-3.39 USD). Owing to a lousy harvest in Serbia, Romania, and Poland the prices of raspberry soared throughout Europe. In Poland, the prices of raspberry averaged 8-9 Euro/kg. In Mexico, the increasing demand from consumers caused raspberry prices to average 18-20 USD/lb. Hence, owing to the inflated raspberry prices, the price trend for raspberry puree remained anchored throughout the said period.

Procurement Resource provides latest prices of Raspberry Puree. 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.