Overview of the Global Market for Peel Of Citrus Fruit Or Melons

Market Size for Peel Of Citrus Fruit Or Melons

In 2021, the global market for peel of citrus fruit or melons decreased by -3.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.9% against 2016 indices. Global consumption peaked at $X in 2020, and then reduced slightly in the following year.

Production of Peel Of Citrus Fruit Or Melons

In value terms, citrus fruit or melons peel production shrank modestly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.2% against 2016 indices. The growth pace was the most rapid in 2019 when the production volume increased by 43% against the previous year. Over the period under review, global production reached the maximum level at $X in 2020, and then declined slightly in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports

In 2021, the amount of peel of citrus fruit or melons exported worldwide dropped to X tons, with a decrease of -3.8% on 2020 figures. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 24%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports stood at $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27%. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Spain (X tons), distantly followed by Italy (X tons), Myanmar (X tons), Mexico (X tons), Peru (X tons) and Argentina (X tons) were the major exporters of peel of citrus fruit or melons, together committing 73% of total exports. Brazil (X tons), China (X tons), Turkey (X tons), Paraguay (X tons), Germany (X tons), Thailand (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Myanmar (with a CAGR of +57.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Spain ($X) and China ($X) constituted the countries with the highest levels of exports in 2021, with a combined 53% share of global exports.

Myanmar, with a CAGR of +75.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, surging by 6.8% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2013 an increase of 11%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.2%), while the other global leaders experienced more modest paces of growth.

Imports of Peel Of Citrus Fruit Or Melons

Imports

Global citrus fruit or melons peel imports rose remarkably to X tons in 2021, picking up by 12% on the year before. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. Over the period under review, global imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, citrus fruit or melons peel imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by Italy (X tons), Spain (X tons), France (X tons), Germany (X tons), Japan (X tons) and the United States (X tons) represented the key importers of peel of citrus fruit or melons, together generating 78% of total imports. Mexico (X tons), the UK (X tons), Poland (X tons) and Canada (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +16.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, France ($X), Japan ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2021, with a combined 34% share of global imports. These countries were followed by Germany, Italy, the United States, Spain, the UK, Poland, Canada and Mexico, which together accounted for a further 47%.

Among the main importing countries, Spain, with a CAGR of +10.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for peel of citrus fruit or melons amounted to $X per ton, increasing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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