Argentina: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Argentina

The Argentinian market for concentrated lemon and other citrus fruit juice surged to $X in 2021, jumping by 15% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Argentina

In value terms, production of concentrated lemon and other citrus fruit juice rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 81%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Argentina

In 2021, exports of concentrated lemon and other citrus fruit juice from Argentina declined modestly to X tons, reducing by -2.8% compared with the year before. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 82%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of concentrated lemon and other citrus fruit juice declined to $X in 2021. Over the period under review, exports recorded a perceptible reduction. The growth pace was the most rapid in 2015 with an increase of 66% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Japan (X tons) were the main destinations of exports of concentrated lemon and other citrus fruit juice from Argentina, with a combined 74% share of total exports. Germany, Canada, Israel, Italy, Australia and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +20.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concentrated lemon and other citrus fruit juice exported from Argentina were the United States ($X), the Netherlands ($X) and Japan ($X), together comprising 77% of total exports. These countries were followed by Germany, Canada, Italy, Israel, Australia and France, which together accounted for a further 18%.

Germany, with a CAGR of +9.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, dropping by -12% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 76%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Argentina

In 2021, overseas purchases of concentrated lemon and other citrus fruit juice increased by 970% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, faced a abrupt downturn. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice soared to $X in 2021. Overall, imports, however, showed a deep slump. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest concentrated lemon and other citrus fruit juice supplier to Argentina, with a 78% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Brazil exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-14.4% per year) and Mexico (-43.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Argentina, comprising 68% of total imports. The second position in the ranking was held by Uruguay ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to -12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (-20.0% per year) and Mexico (-49.6% per year).

Import Prices by Country

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, waning by -47.9% against the previous year. In general, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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