Scotiabank's Department of Economic Studies forecasts that avocado exports in 2024 will remain steady at around US$970 million, despite a predicted decrease in export volume due to higher temperatures from the FEN. This is expected to be balanced by a 12% increase in average export price to US$1.80/kg, driven by a global supply drop. Climate factors are predicted to reduce California's supply by 20-30%, while water scarcity will impact crops in Spain and Portugal. Chile's production is now primarily for domestic consumption.