Updated Nov 6, 2022 23:17

Market for Citrus Fruit Or Melons Peel in China

Market Overview
The Chinese market for peel of citrus fruit or melons stood at $ in , approximately equating 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, however, posted a resilient expansion. Citrus fruit or melons peel consumption peaked at $ in 2019; however, from to , consumption remained at a lower figure.

In value terms, citrus fruit or melons peel production reached $ in estimated in export price. Overall, production, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by % against the previous year. Citrus fruit or melons peel production peaked at $ in 2019; however, from to , production remained at a lower figure.


Consumption
In , approx. tons of peel of citrus fruit or melons were consumed in China; surging by % on the year before. Overall, the total consumption indicated a buoyant expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2008 indices. Over the period under review, consumption reached the maximum volume in and is expected to retain growth in the immediate term.

The revenue of the market for peel of citrus fruit or melons in China totaled $ 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 showed strong growth. Citrus fruit or melons peel consumption peaked in and is likely to see gradual growth in the immediate term.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of citrus fruit or melons peel in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for citrus fruit or melons peel. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
China remains a net exporter of citrus fruit or melons peel; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.