U.S. Citrus Fruit Market - Orange Consumption Rebounds Slightly, Breaking Its Long-Term Downward Trend

IndexBox has just published a new report: 'U.S. - Citrus Fruit - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the citrus fruit market in the U.S. amounted to $X in 2018, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018, when the market value increased by X% y-o-y. Citrus fruit consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

In 2018, the amount of citrus fruits consumed in the U.S. stood at X tonnes, picking up by X% against the previous year. Over the period under review, citrus fruit consumption, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2008, when consumption increased by X% y-o-y. In that year, the citrus fruit consumption attained its peak volume of X tonnes. From 2009 to 2018, the growth of the citrus fruit consumption remained at a lower figure.

Production in the U.S.

Citrus fruit production in the U.S. totaled X tonnes in 2018, waning by -X% against the previous year. Over the period under review, citrus fruit production continues to indicate a measured setback.

Production By Type

Oranges (X tonnes) constituted the product with the largest volume of citrus fruit production, accounting for X% of total production. Moreover, oranges exceeded the figures recorded for the world's second largest type, tangerines, mandarins, clementines, satsumas (X tonnes), fourfold. Lemons and limes (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2018, the average annual growth rate of the volume of citrus fruit production of oranges amounted to -X%. With regard to the other produced products, the following average annual rates of growth were recorded: tangerines, mandarins, clementines, satsumas (+X% per year) and lemons and limes (+X% per year).

Exports from the U.S.

In 2018, approx. X tonnes of citrus fruits were exported from the U.S.; dropping by -X% against the previous year. Over the period under review, citrus fruit exports continue to indicate an abrupt descent. In value terms, citrus fruit exports stood at $X (IndexBox estimates) in 2018.

Imports into the U.S.

Citrus fruit imports into the U.S. totaled X tonnes in 2018, surging by X% against the previous year. Over the period under review, the share of imports in terms of total citrus fruit consumption in the U.S. was relatively small in physical terms, fluctuating under an X% figure. In value terms the share of imports also stood at a low figure, which means that the the U.S. citrus fruit market is largely supplied by domestic manufacturers. However, the share of imports increased gradually but robustly over the last decade, indicating that the U.S. constitutes an increasingly attractive market for fruit suppliers from abroad.

Total imports indicated a resilient increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, citrus fruit imports amounted to $X (IndexBox estimates) in 2018.

Source: IndexBox AI Platform