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

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

The Peruvian market for concentrated lemon and other citrus fruit juice was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Peru

In value terms, production of concentrated lemon and other citrus fruit juice stood at $X in 2021 estimated in export price. In general, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 17% against the previous year. As a result, production attained 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 from Peru

In 2021, approx. X tons of concentrated lemon and other citrus fruit juice were exported from Peru; declining by -2.5% compared with the previous year. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 15%. 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 rose sharply to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 14%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Peru, accounting for a 83% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. The third position in this ranking was taken by Israel (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+17.7% per year) and Israel (+409.9% per year).

In value terms, the United States ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Peru, comprising 73% of total exports. The second position in the ranking was held by Israel ($X), with a 7.4% share of total exports. It was followed by Canada, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+428.8% per year) and Canada (+21.1% per year).

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, surging by 9.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 20%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Bahamas ($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 Israel (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Peru

In 2021, supplies from abroad of concentrated lemon and other citrus fruit juice increased by 136% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 260%. Over the period under review, imports of attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, imports of concentrated lemon and other citrus fruit juice skyrocketed to $X in 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 246%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Argentina (X tons) was the main concentrated lemon and other citrus fruit juice supplier to Peru, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Argentina totaled +80.6%.

In value terms, Argentina ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Peru.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina amounted to +62.0%.

Import Prices by Country

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, which is down by -27.3% against the previous year. Overall, the import price recorded a slight decrease. The growth pace was the most rapid in 2016 when the average import price increased by 34%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +8.9% per year.

Source: IndexBox Platform

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