Vietnam: Lemon And Lime Market 2024

Lemon And Lime Market Size in Vietnam

In 2022, the Vietnamese lemon and lime market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a precipitous setback. Lemon and lime consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lemon And Lime Production in Vietnam

In value terms, lemon and lime production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Lemon and lime production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of lemons and limes in Vietnam totaled less than X kg per ha in 2022, leveling off at 2021 figures. Overall, the yield saw 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.

The lemon and lime harvested area in Vietnam was estimated at less than X ha in 2022, remaining constant against the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern.

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Lemon And Lime Exports

Exports from Vietnam

In 2022, shipments abroad of lemons and limes increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lemon and lime exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons), the Netherlands (X tons) and Malaysia (X tons) were the main destinations of lemon and lime exports from Vietnam, together accounting for X% of total exports. Qatar, Singapore, the UK, Saudi Arabia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Qatar ($X per ton) and Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Vietnam

In 2022, overseas purchases of lemons and limes increased by X% to X tons, rising for the fifth consecutive year after two years of decline. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lemon and lime imports surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Argentina (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average lemon and lime import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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