LOS ANGELES, 01 Feb. 2022 (GLOBE NEWSWIRE) — Lemon prices in the United States are expected to increase, despite expected increases in domestic and global production, according to a new report from IndexBox. Rising logistics and fertilizer costs will continue to drive up prices. In December 2021, the monthly average retail price of a pound of lemons in the United States was estimated at around $2,014, up 6% from December 2020. In 2022, it is expected to increase 3% to $2,074 $ per pound.
This year, world lemon and lime production is expected to increase by 4% per year to reach 22 million tonnes on the highest harvested area and on favorable weather conditions in Mexico, Turkey and the United States 1.4 million tons. Lemon production in South Africa is expected to increase by 4% year-on-year to 650,000 tonnes.
In 2022, US production expected to increase 10% year-on-year to 885,000 tonnes with a larger crop in California. Imports into the United States are expected to decline 2.3% year-on-year to 840,000 tons due to increased domestic production.
World lemon and lime imports by country
In 2020, approx. 3.7 million tonnes of lemons and limes were imported worldwide, up 10% from the previous year. In terms of value, imports of lemons and limes soared to $4.2 billion.
In 2020, the United States (853,000 tonnes), followed far behind by the Netherlands (306,000 tonnes), Germany (260,000 tonnes), Russia (239,000 tonnes), France (174,000 tonnes ) and the United Kingdom (168,000 tons) were the main importers of lemons. and limes, together constituting 55% of the total supply. The following importers – Saudi Arabia (146,000 tons), Poland (141,000 tons), United Arab Emirates (136,000 tons), Italy (119,000 tons), Canada (66,000 tons), Ukraine (65,000 tons) and Romania (62,000 tonnes) – together represent 20% of total purchases.
In terms of value, the largest import markets for lemons and limes in the world were the United States ($659 million), Germany ($455 million) and the Netherlands ($346 million ), together accounting for 35% of world imports.
In 2020, the average import price of lemon and lime was $1,137 per ton, up 4.8% from the previous year. Prices varied significantly depending on the country of destination; the country with the highest cost was Canada ($1,925 per ton), while the United Arab Emirates ($714 per ton) was among the lowest. In 2020, the most notable growth rate in terms of prices was achieved by Poland, while the other world leaders experienced more modest growth rates.
IndexBox is a market research company developing an AI-based solution market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade and prices for over 10,000 different products in 200 countries.
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Companies mentioned in the report
Limoneira Company, Integradora Veracruzana De Frutas Tropicales Spr De Rl, Mondelez Mexico S De Rl De Cv, Citrofrut SA De C, Procimart SA De Cv, Colgate-Palmolive, SA De CV, Kronoz International Inc., Envases Universales De Mexico SA De CV , Empacadora Paso Real SA De Cv, Mexican Persian Lemon, GTR THAI AGRO FOODS, Syaa Nur Ventures, Ziyang Crystal Fruits Import & Export Co. Ltd, Yue Yuan Lemon Co., Alakaim Foodstuff Trading Company, Agriplaza Farm, Italgroup, Lvfeng Lemon Industry Co., Lemon-flex Company Limited China, Bravis Comercial Exportadora Ltda, Sucocitrico Cutrale Ltda
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