Lemon And Lime Market Overview in the Philippines
In value terms, lemon and lime production reduced remarkably to $ in estimated in export prices. Over the period under review, production continues to indicate slight growth. The growth pace was the most rapid in 2018 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. from 2019 to , production growth failed to regain the momentum.
The average yield of lemons and limes in the Philippines shrank slightly to tonnes per ha in , falling by -% on 2019. Over the period under review, the yield continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the yield increased by % y-o-y. The lemon and lime yield peaked at tonnes per ha in 2007; however, from 2008 to , the yield stood 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 the Philippines; which is down by -% on 2019 figures. In general, the harvested area saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to lemon and lime production reached the maximum at ha in 2007; however, from 2008 to , the harvested area stood at a somewhat lower figure.
The revenue of the lemon and lime market in the Philippines surged to $ in , jumping 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). Overall, consumption continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by % y-o-y. Lemon and lime consumption peaked in and is expected to retain growth in the near future.