Vietnam: Lemon And Lime Market 2024

Lemon And Lime Market Size in Vietnam

The Vietnamese lemon and lime market surged to $X in 2022, rising by 28% against the previous year. Overall, consumption, however, recorded a abrupt shrinkage. Lemon and lime consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Lemon And Lime Production in Vietnam

In value terms, lemon and lime production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average lemon and lime yield in Vietnam was estimated at less than X kg per ha, therefore, remained relatively stable against the previous year. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lemons and limes production in Vietnam stood at less than X ha, remaining relatively unchanged against the year before. In general, the harvested area recorded a relatively flat trend pattern.

Lemon And Lime Exports

Exports from Vietnam

In 2022, approx. X tons of lemons and limes were exported from Vietnam; shrinking by -10.5% against the previous year. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 113%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lemon and lime exports dropped to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 136% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for lemon and lime exports from Vietnam, with a 48% share of total exports. Moreover, lemon and lime exports to the United Arab Emirates exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was held by Oman (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+70.1% per year) and Oman (+37.7% per year).

In value terms, the largest markets for lemon and lime exported from Vietnam were the United Arab Emirates ($X), the Netherlands ($X) and Oman ($X), together accounting for 75% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +74.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average lemon and lime export price amounted to $X per ton, growing by 4.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 16%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Vietnam

In 2022, supplies from abroad of lemons and limes decreased by -16.7% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 100% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, lemon and lime imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate moderate growth. The pace of growth was the most pronounced in 2020 when imports increased by 119% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lemon and lime to Vietnam, accounting for a 83% share of total imports. Moreover, lemon and lime imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +10.3%.

In value terms, China ($X) constituted the largest supplier of lemons and limes to Vietnam, comprising 88% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.2%.

Import Prices by Country

In 2022, the average lemon and lime import price amounted to $X per ton, rising by 2.9% against the previous year. Over the period under review, the import price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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