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U.S. Lemon And Lime Import Price per Ton August 2022

In August 2022, the lemon and lime price per ton amounted to $931, picking up by 17% against the previous month. Overall, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in March 2022 an increase of 26% month-to-month. As a result, import price reached the peak level of $2,411 per ton. From April 2022 to August 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2022, the countries with the highest prices were Colombia ($1.1 per kg) and Chile ($1.1 per kg), while the price for Mexico ($891 per ton) and Argentina ($976 per ton) were amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.6%), while the prices for the other major suppliers experienced a decline.

U.S. Lemon And Lime Imports

In August 2022, after five months of growth, there was decline in overseas purchases of lemons And Limes, when their volume decreased by -0.2% to 96K tons. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in June 2022 when imports increased by 31% against the previous month. Imports peaked at 96K tons in July 2022, and then contracted in the following month.

In value terms, lemon And Lime imports surged to $90M (IndexBox estimates) in August 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 35% against the previous month. Over the period under review, imports attained the maximum at $110M in April 2022; however, from May 2022 to August 2022, imports failed to regain momentum.

U.S. Lemon And Lime Imports by Country

In August 2022, Mexico (66K tons) constituted the largest supplier of lemon And Lime to the United States, accounting for a 69% share of total imports. Moreover, lemon And Lime imports from Mexico exceeded the figures recorded by the second-largest supplier, Argentina (14K tons), fivefold. The third position in this ranking was held by Chile (11K tons), with an 11% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume from Mexico amounted to +4.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Argentina (+92.3% per month) and Chile (+158.2% per month).

In value terms, Mexico ($59M) constituted the largest supplier of lemon And Lime to the United States, comprising 66% of total imports. The second position in the ranking was held by Argentina ($14M), with a 16% share of total imports. It was followed by Chile, with a 13% share.

From January 2022 to August 2022, the average monthly growth rate of value from Mexico totaled -4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Argentina (+93.4% per month) and Chile (+148.9% per month).

Source: https://www.indexbox.io/blog/lemon-and-lime-price-per-ton-august-2022/

IndexBox has just published a new report: ‘World – Lemons And Limes – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

Driven by growing logistics and fertilizer costs, lemon prices in the U.S. will rise despite expected increases in domestic and global production. In 2022, worldwide lemon and lime output is forecast to grow by 4% y/y to a record 22M tonnes due to increased acreages and favourable weather in Mexico, Turkey, South Africa and the U.S.

Lemon prices in the U.S. are projected to grow, despite expected increases in domestic and global production. Rising logistics and fertilizer costs are to push up fruit prices. In December 2021, the monthly average retail price for a pound of lemons in the U.S. was estimated at approximately $2.014, rising by 6% compared to December 2020. In 2022, it is forecast to pick up 3% to $2.074 per pound.

This year, global lemon and lime production is projected to increase by 4% y/y to 22M tonnes on the higher harvested areas and favourable weather in Mexico, Turkey and the U.S. Output in Mexico is to grow by 7% y/y to 3.2M tonnes, while Turkey production is set to soar by 27% y/y to a record 1.4M tonnes. Lemon production in South Africa is to rise by 4% y/y to 650K tonnes.

In 2022, U.S. output is expected to pick up 10% y/y to 885K tonnes with a larger crop in California. Imports into the U.S. are forecast to decrease by 2.3% y/y to 840K tonnes on rising domestic production.

Global Lemon and Lime Imports by Country

In 2020, approx. 3.7M tonnes of lemons and limes were imported worldwide, surging by 10% on the year before. In value terms, lemon and lime imports skyrocketed to $4.2B (IndexBox estimates).

In 2020, the U.S. (853K tonnes), distantly followed by the Netherlands (306K tonnes), Germany (260K tonnes), Russia (239K tonnes), France (174K tonnes) and the UK (168K tonnes) were the key importers of lemons and limes, together constituting 55% of total supplies. The following importers – Saudi Arabia (146K tonnes), Poland (141K tonnes), the United Arab Emirates (136K tonnes), Italy (119K tonnes), Canada (66K tonnes), Ukraine (65K tonnes) and Romania (62K tonnes) – together made up 20% of total purchases.

In value terms, the largest lemon and lime importing markets worldwide were the U.S. ($659M), Germany ($455M) and the Netherlands ($346M), together comprising 35% of global imports.

In 2020, the average lemon and lime import price amounted to $1,137 per tonne, surging by 4.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($1,925 per tonne), while the United Arab Emirates ($714 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

U.S. Lemon and Lime Price Surges 17% to $931 per Ton

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