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

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

The MERCOSUR market for concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021, with an increase of 23% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Concentrated Lemon And Other Citrus Fruit Juice in MERCOSUR

In value terms, production of concentrated lemon and other citrus fruit juice reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 75% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in MERCOSUR

In 2021, approx. X tons of concentrated lemon and other citrus fruit juice were exported in MERCOSUR; approximately mirroring 2020 figures. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 45%. Over the period under review, the exports of hit record highs 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. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 40%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina was the major exporter of concentrated lemon and other citrus fruit juice in MERCOSUR, with the volume of exports finishing at X tons, which was near 63% of total exports in 2021. Brazil (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Peru (16%). Uruguay (X tons) followed a long way behind the leaders.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of concentrated lemon and other citrus fruit juice. At the same time, Brazil (+17.4%) and Peru (+3.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +17.4% from 2012-2021. By contrast, Uruguay (-2.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in MERCOSUR, comprising 73% of total exports. The second position in the ranking was held by Brazil ($X), with an 18% share of total exports. It was followed by Peru, with a 7.1% share.

In Argentina, exports of concentrated lemon and other citrus fruit juice shrank by an average annual rate of -2.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+12.8% per year) and Peru (+5.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, which is down by -10.8% against the previous year. Overall, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2014 an increase of 49%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.9%), while the other leaders experienced a decline in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in MERCOSUR

After three years of decline, purchases abroad of concentrated lemon and other citrus fruit juice increased by 83% to X tons in 2021. Over the period under review, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2017 with an increase of 98% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice soared to $X in 2021. In general, imports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 52%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Peru was the main importing country with an import of around X tons, which finished at 50% of total imports. Chile (X tons) took a 31% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (9.6%) and Colombia (5%). Uruguay (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Chile (with a CAGR of +7.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) were the countries with the highest levels of imports in 2021, together accounting for 91% of total imports.

Peru, with a CAGR of +5.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, with a decrease of -22.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 53%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform