Thailand: Lemon And Lime Market 2024

Lemon And Lime Market Size in Thailand

The Thai lemon and lime market reached $X in 2022, picking up by 6.4% against the previous year. In general, consumption continues to indicate a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lemon And Lime Production in Thailand

In value terms, lemon and lime production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 190%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average lemon and lime yield in Thailand reduced to X tons per ha, flattening at 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 2.9%. The lemon and lime yield peaked at X tons per ha in 2017; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of lemons and limes were harvested in Thailand; picking up by 2.1% against the previous year. In general, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 6.6% against the previous year. The lemon and lime harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Lemon And Lime Exports

Exports from Thailand

In 2022, exports of lemons and limes from Thailand surged to X tons, with an increase of 98% compared with 2021 figures. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 346%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, lemon and lime exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 995% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for lemon and lime exports from Thailand, with a 62% share of total exports. Moreover, lemon and lime exports to Malaysia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), twofold. The third position in this ranking was held by Myanmar (X tons), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+169.1% per year) and Myanmar (+26.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for lemons and limes exports from Thailand, comprising 72% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 16% share of total exports. It was followed by Hong Kong SAR, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+169.3% per year) and Hong Kong SAR (+33.8% per year).

Export Prices by Country

In 2022, the average lemon and lime export price amounted to $X per ton, with an increase of 11% against the previous year. Overall, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by 286% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Thailand

In 2022, purchases abroad of lemons and limes decreased by -2.2% to X tons, falling for the second consecutive year after six years of growth. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 114%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lemon and lime imports surged to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 84%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lemon and lime to Thailand, with a 83% share of total imports. Moreover, lemon and lime imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), eightfold. The third position in this ranking was taken by Australia (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+139.5% per year) and Australia (+186.1% per year).

In value terms, China ($X) constituted the largest supplier of lemons and limes to Thailand, comprising 74% of total imports. The second position in the ranking was held by Myanmar ($X), with a 15% share of total imports. It was followed by the United States, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+331.8% per year) and the United States (-2.9% per year).

Import Prices by Country

In 2022, the average lemon and lime import price amounted to $X per ton, growing by 34% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lemon and lime import price increased by +74.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 59%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+80.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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