Updated Nov 6, 2022 23:36

Market for Citrus Fruit Or Melons Peel in the United States

Market Overview
After five years of growth, the U.S. market for peel of citrus fruit or melons decreased by -% to $ in . In general, consumption, however, continues to indicate a prominent expansion. Citrus fruit or melons peel consumption peaked at $ in , and then contracted in the following year.

In value terms, citrus fruit or melons peel production dropped to $ in . Over the period under review, production, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by %. Citrus fruit or melons peel production peaked at $ in , and then shrank in the following year.


Consumption
In , consumption of peel of citrus fruit or melons in the United States was estimated at tons, approximately mirroring figures. In general, consumption enjoyed a measured increase. Citrus fruit or melons peel consumption peaked at tons in ; however, from to , consumption stood at a somewhat lower figure.

The value of the market for peel of citrus fruit or melons in the United States rose modestly to $ in , picking up 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). Over the period under review, consumption recorded resilient growth. Over the period under review, the market attained the maximum level at $ in ; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in the United States, 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 the United States 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
The United States remains a net importer of citrus fruit or melons peel; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.