Asia-Pacific: Lemon And Lime Market 2024

Lemon And Lime Market Size in Asia-Pacific

The Asia-Pacific lemon and lime market was estimated at $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lemon And Lime Production in Asia-Pacific

In value terms, lemon and lime production declined slightly to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were India (X tons), China (X tons) and Thailand (X tons), together accounting for 94% of total production.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +4.8%), while production for the other leaders experienced more modest paces of growth.

The average lemon and lime yield expanded rapidly to X tons per ha in 2022, increasing by 5.9% compared with 2021. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by 9.2% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of lemons and limes in Asia-Pacific dropped modestly to X ha, which is down by -4% on the previous year. The harvested area increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the harvested area increased by 9%. Over the period under review, the harvested area dedicated to lemon and lime production attained the maximum at X ha in 2021, and then shrank in the following year.

Lemon And Lime Exports

Exports in Asia-Pacific

In 2022, overseas shipments of lemons and limes decreased by -14.2% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 63%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, lemon and lime exports fell significantly to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 88%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) and Vietnam (X tons) represented the key exporters of lemons and limes in Asia-Pacific, together accounting for near 68% of total exports. It was distantly followed by India (X tons) and Thailand (X tons), together committing a 16% share of total exports. The following exporters - Hong Kong SAR (X tons), Australia (X tons) and Malaysia (X tons) - each resulted at an 8.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 81% of total exports. Thailand, Hong Kong SAR, Australia and Malaysia lagged somewhat behind, together accounting for a further 11%.

In terms of the main exporting countries, Thailand, with a CAGR of +39.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, reducing by -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the other leaders experienced more modest paces of growth.

Lemon And Lime Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of lemons and limes decreased by -6.9% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 47% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lemon and lime imports fell slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 76%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Malaysia (X tons), Hong Kong SAR (X tons), South Korea (X tons), the Philippines (X tons), Singapore (X tons), China (X tons), Nepal (X tons) and Indonesia (X tons) represented the main importers of lemons and limes, together mixing up 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lemon and lime importing markets in Asia-Pacific were Japan ($X), South Korea ($X) and Hong Kong SAR ($X), with a combined 56% share of total imports. Malaysia, the Philippines, Indonesia, China, Singapore and Nepal lagged somewhat behind, together accounting for a further 37%.

Among the main importing countries, the Philippines, with a CAGR of +51.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by 2.2% against the previous year. Over the period under review, the import price showed mild growth. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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