Price for Citrus Fruits Not Elsewhere Classified in the United States - 2023
Contents:
- Price for Citrus Fruits Not Elsewhere Classified in the United States (FOB) - 2023
- Price for Citrus Fruits Not Elsewhere Classified in the United States (CIF) - 2023
- Exports of Citrus Fruits Not Elsewhere Classified in the United States
- Imports of Citrus Fruits Not Elsewhere Classified in the United States
Price for Citrus Fruits Not Elsewhere Classified in the United States (FOB) - 2023
In August 2023, the average export price for citrus fruits not elsewhere classified amounted to $1,418 per ton, reducing by -3.2% against the previous month. In general, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in January 2023 an increase of 31% against the previous month. As a result, the export price reached the peak level of $2,368 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Canada ($1,710 per ton), while the average price for exports to Mexico ($872 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Citrus Fruits Not Elsewhere Classified in the United States (CIF) - 2023
The average import price for citrus fruits not elsewhere classified stood at $6,052 per ton in August 2023, surging by 656% against the previous month. In general, the import price, however, showed a pronounced setback. The import price peaked at $7,619 per ton in September 2022; however, from October 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($12,264 per ton), while the price for Chile ($3,743 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Citrus Fruits Not Elsewhere Classified in the United States
In 2022, approx. 12K tons of citrus fruits not elsewhere classified were exported from the United States; with a decrease of -21.7% compared with 2021 figures. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 4%. As a result, the exports reached the peak of 16K tons, and then dropped dramatically in the following year.
In value terms, citrus fruits not elsewhere classified exports declined to $24M in 2022. The total export value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $25M, and then shrank in the following year.
| Export of Citrus Fruits Not Elsewhere Classified in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 16.8 | 13.5 | 17.7 | 18.5 | 3.3% |
| Cayman Islands | 0.7 | 2.3 | 3.2 | 4.0 | 78.8% |
| Canada | 1.1 | 0.4 | 1.2 | 0.7 | -14.0% |
| New Zealand | 2.6 | 3.2 | 1.2 | 0.4 | -46.4% |
| Japan | 1.4 | 1.2 | 0.2 | N/A | -62.2% |
| Others | 0.5 | 0.8 | 2.0 | 0.3 | -15.7% |
| Total | 23.1 | 21.5 | 25.5 | 24.0 | 1.3% |
Top Export Markets for Citrus Fruits Not Elsewhere Classified from the United States in 2022:
- Japan (undefinedK tons)
- South Korea (9.3K tons)
- Cayman Islands (2.0K tons)
- Canada (0.5K tons)
- New Zealand (0.2K tons)
Imports of Citrus Fruits Not Elsewhere Classified in the United States
In 2022, after two years of decline, there was significant growth in purchases abroad of citrus fruits not elsewhere classified, when their volume increased by 87% to 223 tons. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, citrus fruits not elsewhere classified imports surged to $1.4M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Citrus Fruits Not Elsewhere Classified in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 532 | 542 | 589 | 644 | 6.6% |
| Israel | 27.3 | 165 | 89.8 | 359 | 136.0% |
| Morocco | 8.0 | 30.5 | 33.7 | 207 | 195.8% |
| Italy | 27.5 | 47.8 | 67.6 | 89.1 | 48.0% |
| Nigeria | N/A | 2.2 | 9.2 | 49.5 | 374.3% |
| China | 106 | N/A | 4.2 | 35.7 | -30.4% |
| Dominican Republic | N/A | N/A | N/A | 18.3 | 0% |
| Jamaica | 162 | 105 | N/A | N/A | -35.2% |
| Others | 80.9 | 40.6 | 67.9 | 33.7 | -25.3% |
| Total | 943 | 933 | 862 | 1,436 | 15.0% |
Top Suppliers of Citrus Fruits Not Elsewhere Classified to the United States in 2022:
- Chile (97.8 tons)
- Morocco (44.4 tons)
- Israel (23.7 tons)
- Dominican Republic (21.0 tons)
- Nigeria (14.7 tons)
- Italy (11.7 tons)
- China (4.3 tons)
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