Citrus Fruit Or Melons Peel Market

The article discusses the global market for peel of citrus fruit or melons, forecasting an upward consumption trend with anticipated growth in volume and value terms. The market performance is expected to expand with a CAGR of +1.5% in volume and +3.7% in value from 2022 to 2030, reaching 1.6M tons and $5B respectively by the end of 2030. Analysis includes consumption trends, production statistics, import-export dynamics, and key market players such as China, the United States, and India.

Market Forecast

Driven by increasing demand for peel of citrus fruit or melons worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Peel Of Citrus Fruit Or Melons

In 2022, approx. 1.5M tons of peel of citrus fruit or melons were consumed worldwide; growing by 2% on 2021 figures. The total consumption volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 1.5M tons in 2020; afterwards, it flattened through to 2022.

The revenue of the market for peel of citrus fruit or melons worldwide reached $3.8B in 2022, rising by 2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.9% against 2020 indices. Over the period under review, the global market hit record highs at $3.9B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (195K tons), the United States (126K tons) and India (79K tons), with a combined 27% share of global consumption. Japan, Pakistan, Bangladesh, Brazil, Russia, Nigeria, Indonesia, Germany, France and Mexico lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +8.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest citrus fruit or melons peel markets worldwide were China ($528M), the United States ($339M) and Germany ($194M), together comprising 28% of the global market.

The United States, with a CAGR of +10.8%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of citrus fruit or melons peel per capita consumption in 2022 were France (462 kg per 1000 persons), Japan (443 kg per 1000 persons) and Germany (408 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +6.0%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Peel Of Citrus Fruit Or Melons

Global citrus fruit or melons peel production totaled 1.5M tons in 2022, therefore, remained relatively stable against the previous year. The total output volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. Over the period under review, global production reached the maximum volume at 1.5M tons in 2020; afterwards, it flattened through to 2022.

In value terms, citrus fruit or melons peel production expanded slightly to $3.9B in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 44% against the previous year. Global production peaked at $3.9B in 2020; afterwards, it flattened through to 2022.

Production By Country

The countries with the highest volumes of production in 2022 were China (196K tons), the United States (124K tons) and India (79K tons), together comprising 27% of global production. Pakistan, Japan, Bangladesh, Brazil, Russia, Nigeria, Indonesia, Germany, Mexico and Italy lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +8.4%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Peel Of Citrus Fruit Or Melons

In 2022, approx. 44K tons of peel of citrus fruit or melons were imported worldwide; surging by 8.8% compared with 2021 figures. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, citrus fruit or melons peel imports expanded notably to $87M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports By Country

In 2022, the Netherlands (7.4K tons), Spain (6.8K tons) and Italy (5.2K tons) was the key importer of peel of citrus fruit or melons in the world, generating 44% of total import. France (3.4K tons) held the next position in the ranking, followed by Mexico (3.2K tons), Germany (3K tons), the United States (2.8K tons) and Japan (2.8K tons). All these countries together took approx. 35% share of total imports. China (1.3K tons), Guatemala (1.1K tons), Poland (0.9K tons) and the UK (0.9K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guatemala (with a CAGR of +67.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest citrus fruit or melons peel importing markets worldwide were Japan ($10M), France ($9.5M) and Spain ($9M), together comprising 33% of global imports. The Netherlands, Germany, Italy, the United States, Mexico, the UK, Poland, China and Guatemala lagged somewhat behind, together accounting for a further 48%.

Mexico, with a CAGR of +23.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for peel of citrus fruit or melons amounted to $1,999 per ton, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 an increase of 8.7%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($3,571 per ton), while Guatemala ($23 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Peel Of Citrus Fruit Or Melons

In 2022, approx. 78K tons of peel of citrus fruit or melons were exported worldwide; dropping by -4% on the year before. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, the exports reached the peak of 82K tons, and then declined in the following year.

In value terms, citrus fruit or melons peel exports expanded slightly to $129M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 30%. As a result, the exports attained the peak of $132M. From 2015 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

In 2022, Myanmar (15K tons), Peru (14K tons) and Spain (13K tons) represented the largest exporter of peel of citrus fruit or melons in the world, generating 54% of total export. It was distantly followed by Italy (7.3K tons), Argentina (6K tons) and Mexico (5.4K tons), together mixing up a 24% share of total exports. China (2K tons), Turkey (1.5K tons), Belize (1.3K tons) and Ghana (1.2K tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belize (with a CAGR of +12,614.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest citrus fruit or melons peel supplying countries worldwide were Myanmar ($27M), Spain ($24M) and Peru ($14M), with a combined 50% share of global exports. Argentina, Mexico, China, Italy, Ghana, Turkey and Belize lagged somewhat behind, together accounting for a further 27%.

Belize, with a CAGR of +2,472.0%, 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

The average export price for peel of citrus fruit or melons stood at $1,654 per ton in 2022, increasing by 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. The global export price peaked at $1,985 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($3,458 per ton), while Belize ($165 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform