U.S.: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in the U.S.

After two years of decline, the U.S. market for concentrated lemon and other citrus fruit juice increased by 24% to $X in 2021. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.1% against 2015 indices. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from the U.S.

In 2021, shipments abroad of concentrated lemon and other citrus fruit juice decreased by -40% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, posted a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 102% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice dropped slightly to $X in 2021. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 30%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from the United States, accounting for a 91% share of total exports. It was followed by South Korea (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-15.8% per year) and Japan (-22.0% per year).

In value terms, Canada ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from the United States, comprising 89% of total exports. The second position in the ranking was held by South Korea ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-6.8% per year) and Japan (-13.9% 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, with an increase of 66% against the previous year. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 81% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Canada ($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 South Korea (+10.6%), 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 the U.S.

In 2021, supplies from abroad of concentrated lemon and other citrus fruit juice increased by 13% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports posted a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of 69%. Imports peaked 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 shrank slightly to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.3% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 53% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of concentrated lemon and other citrus fruit juice to the United States, with a 46% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+43.9% per year) and Mexico (-4.0% per year).

In value terms, Argentina ($X), Mexico ($X) and Brazil ($X) were the largest concentrated lemon and other citrus fruit juice suppliers to the United States, with a combined 81% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +38.7%, 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

In 2021, the average import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, reducing by -12.1% against the previous year. Overall, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 63%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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