Lemon And Lime Market Overview in Azerbaijan
In value terms, lemon and lime production stood at $ in estimated in export prices. Over the period under review, the total production indicated a tangible increase from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2010 when the production volume increased by % year-to-year. Lemon and lime production peaked in and is likely to see steady growth in the near future.
In , the average lemon and lime yield in Azerbaijan expanded to tonnes per ha, increasing by % against 2019. The yield figure increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the yield increased by % against the previous year. As a result, the yield reached the peak level of tonnes per ha. from 2009 to , the growth of the average lemon and lime yield remained 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 , approx. ha of lemons and limes were harvested in Azerbaijan; falling by -% against 2019. Overall, the harvested area showed a slight downturn. The most prominent rate of growth was recorded in 2016 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to lemon and lime production attained the maximum at ha in 2007; however, from 2008 to , the harvested area remained at a lower figure.
The size of the lemon and lime market in Azerbaijan soared to $ in , rising by % 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, consumption enjoyed a resilient increase. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. Lemon and lime consumption peaked in and is expected to retain growth in the near future.