Latin America and the Caribbean: Market for Concentrated Lemon And Other Citrus Fruit Juice 2023

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Latin America and the Caribbean

The Latin American market for concentrated lemon and other citrus fruit juice expanded sharply to $X in 2021, surging by 13% against the previous year. Overall, consumption saw a mild shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Latin America and the Caribbean

In value terms, production of concentrated lemon and other citrus fruit juice amounted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 60% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports in Latin America and the Caribbean

In 2021, exports of concentrated lemon and other citrus fruit juice in Latin America and the Caribbean amounted to X tons, standing approx. at the previous year. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when exports increased by 29% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice reduced to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 31% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina represented the key exporting country with an export of around X tons, which accounted for 55% of total exports. It was distantly followed by Brazil (X tons), Peru (X tons) and Mexico (X tons), together constituting a 42% share of total exports.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of concentrated lemon and other citrus fruit juice. At the same time, Brazil (+17.4%), Peru (+3.2%) and Mexico (+1.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +17.4% from 2012-2021. Brazil (+12 p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Argentina saw its share reduced by -1.6% and -10.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest concentrated lemon and other citrus fruit juice supplier in Latin America and the Caribbean, comprising 61% of total exports. The second position in the ranking was held by Mexico ($X), with a 15% share of total exports. It was followed by Brazil, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Argentina totaled -2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+0.2% per year) and Brazil (+12.8% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, falling by -10.4% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 an increase of 34%. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.9%), while the other leaders experienced a decline in the export price figures.

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports in Latin America and the Caribbean

In 2021, purchases abroad of concentrated lemon and other citrus fruit juice was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice contracted notably to $X in 2021. In general, imports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when imports increased by 28% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Peru (X tons), distantly followed by Chile (X tons), Bahamas (X tons), Panama (X tons), the Dominican Republic (X tons), Mexico (X tons) and Argentina (X tons) were the main importers of concentrated lemon and other citrus fruit juice, together creating 82% of total imports.

From 2012 to 2021, the biggest increases were in Panama (with a CAGR of +57.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concentrated lemon and other citrus fruit juice importing markets in Latin America and the Caribbean were Peru ($X), Chile ($X) and Mexico ($X), together comprising 55% of total imports. Panama, the Dominican Republic, Bahamas and Argentina lagged somewhat behind, together accounting for a further 28%.

Among the main importing countries, Panama, with a CAGR of +69.2%, saw 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

The import price in Latin America and the Caribbean stood at $X per ton in 2021, declining by -18.3% against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. Over the period under review, import prices hit record highs 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 importing countries. In 2021, the country with the highest price was Mexico ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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