Updated Nov 6, 2022 23:15

Market for Citrus Fruit Or Melons Peel in Brazil

Market Overview
In , the Brazilian market for peel of citrus fruit or melons increased by % to $, rising for the third year in a row after two years of decline. Over the period under review, consumption enjoyed a resilient increase. Citrus fruit or melons peel consumption peaked in and is expected to retain growth in the immediate term.

In value terms, citrus fruit or melons peel production fell slightly to $ in estimated in export price. In general, production continues to indicate a buoyant increase. The growth pace was the most rapid in 2019 when the production volume increased by % against the previous year. Citrus fruit or melons peel production peaked at $ in , and then contracted in the following year.


Consumption
In , citrus fruit or melons peel consumption in Brazil stood at tons, approximately reflecting the previous year. Overall, the total consumption indicated temperate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Citrus fruit or melons peel consumption peaked in and is likely to continue growth in the immediate term.

The size of the market for peel of citrus fruit or melons in Brazil rose slightly to $ in , with an increase 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). In general, consumption continues to indicate strong growth. Citrus fruit or melons peel consumption peaked in and is expected to retain growth in the near future.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in Brazil, 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 Brazil 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
Brazil 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.