Lemon And Lime Market Overview in Peru
In value terms, lemon and lime production skyrocketed to $ in 2019 estimated in export prices. Over the period under review, production enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a somewhat lower figure.
The average yield of lemons and limes in Peru expanded remarkably to tonnes per ha in 2019, increasing by % against the previous year's figure. In general, the yield, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2018 when the yield increased by % year-to-year. The lemon and lime yield peaked at tonnes per ha in 2007; however, from 2008 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of lemons and limes production in Peru declined modestly to ha, waning by -% on 2018. The harvested area increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to lemon and lime production attained the maximum at ha in 2018, and then contracted modestly in the following year.
The revenue of the lemon and lime market in Peru skyrocketed to $ in 2019, increasing 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, the total consumption indicated a measured expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2017 indices. The pace of growth was the most pronounced in 2018 when the market value increased by % y-o-y. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.