Concentrated Lemon And Other Citrus Fruit Juice Market

Driven by increasing demand worldwide, the market for concentrated lemon and other citrus fruit juice is projected to grow with a CAGR of +3.7% in volume and +5.9% in value from 2022 to 2030. 2022 saw a reversal in declining consumption trends, reaching 293K tons. The United States, Mexico, and Japan were the top consumers. Argentina led in production, while the Netherlands and the United States were major importers, and Argentina and the Netherlands were top exporters. Import and export prices saw fluctuations, with Italy having the highest export price. Overall, Brazil showed the highest growth rates in exports and imports.

Market Forecast

Driven by increasing demand for concentrated lemon and other citrus fruit juice worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 392K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.9% for the period from 2022 to 2030, which is projected to bring the market value to $1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Concentrated Lemon And Other Citrus Fruit Juice

In 2022, consumption of concentrated lemon and other citrus fruit juice was finally on the rise to reach 293K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, global consumption of attained the peak volume at 311K tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The size of the market for concentrated lemon and other citrus fruit juice worldwide dropped modestly to $636M in 2022, standing approx. at 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). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $721M in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (42K tons), Mexico (23K tons) and Japan (21K tons), with a combined 30% share of global consumption. Germany, the United Arab Emirates, France, the Netherlands, Saudi Arabia, Egypt, Spain, the UK, Italy and Canada lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +10.3%), while juice for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($96M), Japan ($65M) and Mexico ($61M) appeared to be the countries with the highest levels of market value in 2022, with a combined 35% share of the global market. Germany, Spain, Egypt, the UK, France, the Netherlands, Canada, Italy, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

Among the main consuming countries, Saudi Arabia, with a CAGR of +9.6%, saw the highest rates of growth with regard to market size over the period under review, while juice for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of concentrated lemon and other citrus fruit juice per capita consumption in 2022 were the United Arab Emirates (1,203 kg per 1000 persons), the Netherlands (609 kg per 1000 persons) and Saudi Arabia (295 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +8.1%), while juice for the other global leaders experienced more modest paces of growth.

Production

World Production of Concentrated Lemon And Other Citrus Fruit Juice

For the third consecutive year, the global market recorded growth in production of concentrated lemon and other citrus fruit juice, which increased by 1% to 308K tons in 2022. The total output volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 14%. Over the period under review, global production of reached the peak volume at 313K tons in 2014; however, from 2015 to 2022, production failed to regain momentum.

In value terms, production of concentrated lemon and other citrus fruit juice fell to $568M in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, production reached the peak level of $648M. From 2015 to 2022, global production of growth remained at a somewhat lower figure.

Production By Country

Argentina (75K tons) constituted the country with the largest volume of production of concentrated lemon and other citrus fruit juice, accounting for 25% of total volume. Moreover, production of concentrated lemon and other citrus fruit juice in Argentina exceeded the figures recorded by the second-largest producer, Mexico (30K tons), threefold. The third position in this ranking was held by South Africa (21K tons), with a 6.7% share.

In Argentina, production of concentrated lemon and other citrus fruit juice remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+0.9% per year) and South Africa (+1.1% per year).

Imports

World Imports of Concentrated Lemon And Other Citrus Fruit Juice

In 2022, approx. 263K tons of concentrated lemon and other citrus fruit juice were imported worldwide; picking up by 7.4% compared with 2021 figures. The total import volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 14%. As a result, imports attained the peak of 264K tons. From 2017 to 2022, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice declined modestly to $576M in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 18%. Over the period under review, global imports of attained the peak figure at $646M in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the Netherlands (46K tons) and the United States (44K tons) represented the major importers of concentrated lemon and other citrus fruit juiceacross the globe, together comprising 34% of total imports. Germany (22K tons) ranks next in terms of the total imports with an 8.4% share, followed by Japan (8.1%) and France (5%). Italy (10K tons), the UK (9.4K tons), Canada (7.7K tons), Spain (7.6K tons), China (5K tons), Belgium (4.7K tons) and the United Arab Emirates (4K tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of +17.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($100M), the Netherlands ($85M) and Japan ($64M) were the countries with the highest levels of imports in 2022, with a combined 43% share of global imports. Germany, France, the UK, Canada, Italy, Spain, China, Belgium and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.

China, with a CAGR of +10.6%, recorded the highest growth rate of 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 concentrated lemon and other citrus fruit juice amounted to $2,194 per ton, which is down by -7.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 11% against the previous year. As a result, import price reached the peak level of $2,783 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($2,995 per ton), while the United Arab Emirates ($932 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Concentrated Lemon And Other Citrus Fruit Juice

In 2022, the amount of concentrated lemon and other citrus fruit juice exported worldwide was estimated at 277K tons, increasing by 4.8% against 2021. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 16% against the previous year. Over the period under review, the global exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of concentrated lemon and other citrus fruit juice shrank to $539M in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 17% against the previous year. Over the period under review, the global exports of hit record highs at $674M in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Argentina (74K tons), distantly followed by the Netherlands (35K tons), Brazil (19K tons), Italy (18K tons), Spain (17K tons), Peru (17K tons) and South Africa (17K tons) were the main exporters of concentrated lemon and other citrus fruit juice, together comprising 71% of total exports. The following exporters - Thailand (11K tons), Israel (9K tons), Mexico (7.1K tons), the United Arab Emirates (5.1K tons) and Greece (4.4K tons) - together made up 13% of total exports.

From 2012 to 2022, average annual rates of growth with regard to concentrated lemon and other citrus fruit juice exports from Argentina stood at +2.8%. At the same time, Brazil (+15.6%), Thailand (+11.5%), the Netherlands (+6.1%), Peru (+4.2%), Italy (+3.1%), the United Arab Emirates (+3.0%), South Africa (+2.1%), Israel (+2.0%) and Spain (+1.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.6% from 2012-2022. By contrast, Mexico (-4.0%) and Greece (-7.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, the Netherlands and Thailand increased by +4.7, +3.2 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest concentrated lemon and other citrus fruit juice supplying countries worldwide were Argentina ($122M), the Netherlands ($83M) and Italy ($50M), with a combined 47% share of global exports. Spain, Brazil, Israel, South Africa, Mexico, Peru, the United Arab Emirates, Thailand and Greece lagged somewhat behind, together accounting for a further 30%.

Among the main exporting countries, Brazil, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average export price for concentrated lemon and other citrus fruit juice amounted to $1,947 per ton, falling by -10.4% against the previous year. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $2,636 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($2,837 per ton), while Thailand ($594 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform