Cuba: Lemon And Lime Market 2024

Lemon And Lime Market Size in Cuba

The Cuban lemon and lime market contracted to $X in 2021, with a decrease of -5.1% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Lemon And Lime Production in Cuba

In value terms, lemon and lime production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2014 with an increase of 74%. Lemon and lime production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

In 2021, the average yield of lemons and limes in Cuba contracted to X tons per ha, which is down by -4.8% against 2020 figures. Overall, the yield showed a mild contraction. The pace of growth appeared the most rapid in 2018 when the yield increased by 29% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2021, the growth of the average lemon and lime yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of lemons and limes were harvested in Cuba; surging by 5.9% compared with 2020. Over the period under review, the harvested area, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. Over the period under review, the harvested area dedicated to lemon and lime production attained the peak figure at X ha in 2017; however, from 2018 to 2021, the harvested area stood at a somewhat lower figure.

Lemon And Lime Exports

Exports from Cuba

In 2021, shipments abroad of lemons and limes decreased by -46.2% to X tons, falling for the fifth year in a row after five years of growth. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 341% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, lemon and lime exports shrank notably to $X in 2021. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 375% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X kg), Spain (X kg) and Canada (X kg) were the main destinations of lemon and lime exports from Cuba.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +55.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lemon and lime exported from Cuba were Spain ($X), France ($X) and Canada ($X), with a combined 99.9% share of total exports.

Spain, with a CAGR of +57.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lemon and lime export price stood at $X per ton in 2021, growing by 10% against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lemon and lime export price increased by +60.8% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 26%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 Canada (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Cuba

For the fourth consecutive year, Cuba recorded decline in purchases abroad of lemons and limes, which decreased by -16.2% to X tons in 2021. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 62% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lemon and lime imports dropped to $X in 2021. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 55%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Colombia (X tons) was the main lemon and lime supplier to Cuba, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Colombia amounted to -10.0%.

In value terms, Colombia ($X) constituted the largest supplier of lemon and lime to Cuba.

From 2012 to 2021, the average annual growth rate of value from Colombia totaled -12.1%.

Import Prices by Country

The average lemon and lime import price stood at $X per ton in 2021, surging by 3.2% against the previous year. Overall, the import price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Colombia.

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to -2.2% per year.

Source: IndexBox Platform

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