Peru: Lemon And Lime Market Overview 2021

Lemon And Lime Market Size in Peru

The Peruvian lemon and lime market surged to $X in 2019, growing by X% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Lemon And Lime Production in Peru

In value terms, lemon and lime production surged to $X in 2019 estimated in export prices. Overall, production continues to indicate a measured expansion. The growth pace was the most rapid in 2014 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2015 to 2019, production growth remained at a lower figure.

In 2019, the average yield of lemons and limes in Peru rose significantly to X tonnes per ha, with an increase of X% on 2018 figures. Overall, the yield, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when the yield increased by X% y-o-y. Over the period under review, the average lemon and lime yield attained the maximum level at X tonnes per ha in 2007; however, from 2008 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of lemons and limes production in Peru dropped to X ha, waning by -X% compared with 2018 figures. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the harvested area increased by X% y-o-y. The lemon and lime harvested area peaked at X ha in 2018, and then dropped modestly in the following year.

Lemon And Lime Exports

Exports from Peru

In 2019, overseas shipments of lemons and limes decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2018, and then reduced in the following year.

In value terms, lemon and lime exports rose slightly to $X in 2019. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2019 and are likely to see steady growth in years to come.

Exports by Country

Chile (X tonnes) was the main destination for lemon and lime exports from Peru, accounting for a X% share of total exports. Moreover, lemon and lime exports to Chile exceeded the volume sent to the second major destination, Ecuador (X tonnes), threefold. Panama (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Chile stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+X% per year) and Panama (+X% per year).

In value terms, Chile ($X) remains the key foreign market for lemon and lime exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Chile stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average lemon and lime export price stood at $X per tonne in 2019, increasing by X% against the previous year. In general, export price indicated a temperate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lemon and lime export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Bolivia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Panama, while the prices for the other major destinations experienced more modest paces of growth.

Lemon And Lime Imports

Imports into Peru

In 2019, the amount of lemons and limes imported into Peru expanded rapidly to X tonnes, growing by X% compared with the year before. Over the period under review, total imports indicated a notable increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, lemon and lime imports reduced rapidly to $X in 2019. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Brazil (X tonnes) constituted the largest supplier of lemon and lime to Peru, with a X% share of total imports. Moreover, lemon and lime imports from Brazil exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold.

From 2007 to 2019, the average annual growth rate of volume from Brazil was relatively modest.

In value terms, Brazil ($X) and the U.S. ($X) were the largest lemon and lime suppliers to Peru, with a combined X% share of total imports.

Brazil saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average lemon and lime import price stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Brazil amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lemons and limes in the world?

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The countries with the highest volumes of lemon and lime consumption in 2019 were India (3.5M tonnes), China (2.7M tonnes) and Mexico (1.9M tonnes), together comprising 40% of global consumption. Argentina, the U.S., Brazil, Turkey, Italy, Iran, Syrian Arab Republic, Sudan, Egypt and Colombia lagged somewhat behind, together comprising a further 37%.

What are the largest producers of lemons and limes in the world?

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The countries with the highest volumes of lemon and lime production in 2019 were India (3.5M tonnes), Mexico (2.7M tonnes) and China (2.7M tonnes), with a combined 44% share of global production. Argentina, Brazil, Turkey, Spain, the U.S., South Africa, Iran, Italy, Syrian Arab Republic and Egypt lagged somewhat behind, together accounting for a further 41%.

What are the leading suppliers of lemons and limes to Peru?

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In value terms, Brazil ($13K) and the U.S. ($9.4K) appeared to be the largest lemon and lime suppliers to Peru, together accounting for 88% of total imports.

What are the leading importers of lemons and limes from Peru?

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In value terms, Chile ($5.6M) remains the key foreign market for lemon and lime exports from Peru, comprising 57% of total exports. The second position in the ranking was occupied by Panama ($1.2M), with a 13% share of total exports. It was followed by the UK, with a 8.1% share.

What is the average export price for lemons and limes in Peru?

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In 2019, the average lemon and lime export price amounted to $927 per tonne, growing by 8% against the previous year.

What is the average import price for lemons and limes in Peru?

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The average lemon and lime import price stood at $1,011 per tonne in 2019, declining by -23.4% against the previous year.