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

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

In 2021, the Mexican market for concentrated lemon and other citrus fruit juice decreased by -0.8% to $X, falling for the third consecutive year after four years of growth. In general, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Mexico

In value terms, production of concentrated lemon and other citrus fruit juice rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Mexico

In 2021, overseas shipments of concentrated lemon and other citrus fruit juice increased by 1.3% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice shrank to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Mexico, with a 93% share of total exports. It was followed by the Netherlands (X tons), with a 2.9% share of total exports. The UK (X tons) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.9% per year) and the UK (-18.0% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Mexico, comprising 95% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 2.2% share of total exports. It was followed by the UK, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-6.0% per year) and the UK (-18.5% per year).

Export Prices by Country

The average export price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, shrinking by -9.8% against the previous year. Overall, the export price saw a slight setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were Germany ($X per ton) and the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Mexico

Imports of concentrated lemon and other citrus fruit juice into Mexico fell remarkably to X tons in 2021, reducing by -67.7% on the year before. Over the period under review, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2014 when imports increased by 219% against the previous year. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of concentrated lemon and other citrus fruit juice dropped markedly to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 188% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Argentina (X tons) and Brazil (X tons) were the main suppliers of imports of concentrated lemon and other citrus fruit juice to Mexico, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +55.3%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X), Argentina ($X) and Brazil ($X) appeared to be the largest concentrated lemon and other citrus fruit juice suppliers to Mexico, with a combined 95% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +54.5%, recorded the highest growth rate of 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

The average import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, with a decrease of -7.2% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for concentrated lemon and other citrus fruit juice decreased by -20.0% against 2016 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 68% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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