Lemon And Lime Market Overview in Viet Nam
In value terms, lemon and lime production contracted to $ in 2019 estimated in export prices. Over the period under review, the total production indicated measured growth 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, production decreased by -% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. From 2018 to 2019, production growth failed to regain the momentum.
The average yield of lemons and limes in Viet Nam stood at kg per ha in 2019, remaining stable against 2018 figures. In general, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the lemon and lime harvested area in Viet Nam amounted to ha, remaining relatively unchanged against the previous year. In general, the harvested area recorded a relatively flat trend pattern.
The size of the lemon and lime market in Viet Nam declined notably to $ in 2019, with a decrease of -% 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 recorded a deep reduction. The pace of growth was the most pronounced in 2017 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.