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Global Market for Concentrated Lemon and Lime Juice Reached $591M

This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +2.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Based on 2018 figures, consumption of concentrated lemon and lime juice increased by +29.5% against 2012 indices. The pace of growth was the most pronounced in 2008 with an increase of 26% y-o-y. The global consumption of concentrated lemon and lime peaked in 2018 and is expected to retain its growth in the immediate term.

Consumption By Country
The U.S. (49K tonnes) remains the largest concentrated lemon and lime juice consuming country worldwide, accounting for 19% of total consumption. Moreover, consumption of concentrated lemon and lime juice in the U.S. exceeded the figures recorded by the world's second-largest consumer, Argentina (19K tonnes), threefold. The third position in this ranking was occupied by Germany (18K tonnes), with a 7% share.

From 2007 to 2018, the average annual growth rate of volume in the U.S. stood at +18.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: Argentina (+9.8% per year) and Germany (+0.1% per year).

In value terms, the U.S. ($110M), Germany ($59M) and Argentina ($58M) constituted the countries with the highest levels of market value in 2018, with a combined 38% share of the global market. These countries were followed by Japan, Canada, Spain, France, the Netherlands, Italy, Brazil, the UK and Senegal, which together accounted for a further 39%.

The countries with the highest levels of concentrated lemon and lime juice per capita consumption in 2018 were Senegal (551 kg per 1000 persons), the Netherlands (531 kg per 1000 persons) and Canada (470 kg per 1000 persons).

From 2007 to 2018, the most notable rate of growth in terms of per capita consumption of concentrated lemon and lime juice, amongst the main consuming countries, was attained by Spain, while the other global leaders experienced more modest paces of growth.

Production 2007-2018
In 2018, approx. 259K tonnes of concentrated lemon and lime juice were produced worldwide; rising by 12% against the previous year. The total output volume increased at an average annual rate of +3.1% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12% year-to-year. In that year, global production of concentrated lemon and lime juice attained its peak volume and is likely to continue its growth in the immediate term.

In value terms, production of concentrated lemon and lime juice stood at $593M in 2018 estimated in export prices. Over the period under review, the total output indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +3.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, production of concentrated lemon and lime juice increased by +26.8% against 2013 indices. The pace of growth was the most pronounced in 2008 when production volume increased by 18% y-o-y. The global production of concentrated lemon and lime juice peaked in 2018 and is likely to continue its growth in the near future.

Production By Country
Argentina (86K tonnes) constituted the country with the largest volume of production of concentrated lemon and lime fruit juice, accounting for 33% of total production. Moreover, production of concentrated lemon and lime juice in Argentina exceeded the figures recorded by the world's second-largest producer, Brazil (20K tonnes), fourfold. Spain (20K tonnes) ranked third in terms of total production with a 7.8% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in Argentina totaled +5.0%. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+0.7% per year) and Spain (+0.8% per year).

Exports 2007-2018
In 2018, the global exports of concentrated lemon and lime juice totaled 271K tonnes, rising by 5.7% against the previous year. In general, the total exports indicated buoyant growth from 2007 to 2018: its volume increased at an average annual rate of +5.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, exports of concentrated lemon and lime juice increased by +73.1% against 2007 indices. The most prominent rate of growth was recorded in 2008 when exports increased by 12% year-to-year. Over the period under review, global exports of concentrated lemon and lime juice attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, exports of concentrated lemon and lime juice stood at $660M (IndexBox estimates) in 2018. In general, exports of concentrated lemon and lime juice continue to indicate a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of 51% against the previous year. Over the period under review, global exports of concentrated lemon and lime juice attained their peak figure in 2018 and are likely to continue its growth in the near future.

Exports by Country
In 2018, Argentina (68K tonnes) represented the main exporter of concentrated lemon and lime juice, creating 25% of total exports. It was distantly followed by the Netherlands (19K tonnes), Mexico (18K tonnes), the U.S. (17K tonnes), Spain (16K tonnes), Italy (16K tonnes), Peru (16K tonnes), South Africa (13K tonnes) and Brazil (13K tonnes), together making up a 47% share of total exports. The United Arab Emirates (11K tonnes), Saudi Arabia (11K tonnes) and Thailand (9K tonnes) occupied a little share of total exports.

Exports from Argentina increased at an average annual rate of +3.9% from 2007 to 2018. At the same time, Saudi Arabia (+63.9%), Thailand (+39.3%), Peru (+30.3%), the U.S. (+11.2%), South Africa (+10.0%), the United Arab Emirates (+8.2%), Mexico (+7.6%), the Netherlands (+7.0%) and Italy (+2.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter in the world, with a CAGR of +63.9% from 2007-2018. Brazil experienced a relatively flat trend pattern. By contrast, Spain (-2.3%) illustrated a downward trend over the same period. While the share of Argentina (+8.6 p.p.), Peru (+5.5 p.p.), the U.S. (+4.3 p.p.), Saudi Arabia (+4 p.p.), Mexico (+3.8 p.p.), the Netherlands (+3.6 p.p.), Thailand (+3.2 p.p.), South Africa (+3.1 p.p.) and the United Arab Emirates (+2.3 p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Spain (-1.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($226M) remains the largest concentrated lemon and lime juice supplier worldwide, comprising 34% of global exports. The second position in the ranking was occupied by the Netherlands ($63M), with a 9.5% share of global exports. It was followed by Italy, with a 7.9% share.

In Argentina, exports of concentrated lemon and lime juice expanded at an average annual rate of +15.4% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the Netherlands (+14.2% per year) and Italy (+7.9% per year).

Export Prices by Country
The average export price for concentrated lemon and lime juice stood at $2,439 per tonne in 2018, approximately mirroring the previous year. Over the period under review, the export price indicated prominent growth from 2007 to 2018: its price increased at an average annual rate of +5.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, export price for concentrated lemon and olime juice decreased by -12.9% against 2015 indices. The most prominent rate of growth was recorded in 2008 an increase of 35% year-to-year. The global export price peaked at $2,799 per tonne in 2015; however, from 2016 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($3,352 per tonne), while Peru ($675 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Argentina, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018
Global imports totaled 267K tonnes in 2018, going up by 3.7% against the previous year. Over the period under review, the total imports indicated remarkable growth from 2007 to 2018: its volume increased at an average annual rate of +4.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports of concentrated lemon and lime juice increased by +52.6% against 2012 indices. The most prominent rate of growth was recorded in 2008 with an increase of 23% year-to-year. Over the period under review, global imports of concentrated lemon and lime juice reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, imports of concentrated lemon and lime juice amounted to $640M (IndexBox estimates) in 2018. In general, the total imports indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +4.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports of concentrated lemon and lime juice increased by +40.5% against 2013 indices. The growth pace was the most rapid in 2008 with an increase of 49% y-o-y. Over the period under review, global imports of concentrated lemon and lime juice reached their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country
In 2018, the U.S. (66K tonnes), distantly followed by the Netherlands (28K tonnes), Germany (22K tonnes), Canada (17K tonnes) and Japan (16K tonnes) represented the key importers of concentrated lemon and lime juice, together achieving 56% of total imports. France (10,503 tonnes), Senegal (9,018 tonnes), Spain (8,443 tonnes), Italy (7,446 tonnes), the UK (7,433 tonnes), Lao People's Democratic Republic (5,978 tonnes) and Saudi Arabia (4,703 tonnes) occupied a minor share of total imports.

Imports into the U.S. increased at an average annual rate of +15.9% from 2007 to 2018. At the same time, Lao People's Democratic Republic (+18.6%), Senegal (+14.8%), Saudi Arabia (+13.7%), Canada (+12.7%), Spain (+9.6%), Italy (+7.0%) and the Netherlands (+3.8%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer in the world, with a CAGR of +18.6% from 2007-2018. The UK, Germany and Japan experienced a relatively flat trend pattern. By contrast, France (-3.7%) illustrated a downward trend over the same period. While the share of the U.S. (+20 p.p.), Canada (+4.8 p.p.), the Netherlands (+3.5 p.p.), Senegal (+2.6 p.p.), Spain (+2 p.p.) and Lao People's Democratic Republic (+1.9 p.p.) increased significantly in terms of the global imports from 2007-2018, the share of France (-2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concentrated lemon and lime juice importing markets worldwide were the U.S. ($145M), Germany ($74M) and the Netherlands ($71M), together accounting for 45% of global imports.

The U.S. experienced the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country
The average import price for concentrated lemon and lime juice stood at $2,396 per tonne in 2018, jumping by 2.5% against the previous year. Overall, the import price indicated a prominent increase from 2007 to 2018: its price increased at an average annual rate of +4.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, import price for concentrated lemon and lime juice decreased by -12.8% against 2015 indices. The growth pace was the most rapid in 2010 an increase of 24% year-to-year. The global import price peaked at $2,771 per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($3,548 per tonne), while Senegal ($300 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.


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