Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2019 |
| CAGR: | 3.2 % |
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Market Overview
The Australian lime market is estimated to record a CAGR of 3.2% during the forecast period. Lime is used as an ingredient for the production of citric acid, lime oil, lime juice, and other products that are used in the household food items, as well as chores. Therefore, the growing demand for the products will eventually increase the demand for lime and as a result, the growing interest in health benefits and cleaning applications will be a major force driving the market.
Scope of the report
The report contains an analysis of the various parameters of the lime market. The study takes into account the commercial lime fruit as a commodity and comprises of major developments in the niche market. Lime (citrus) fruit is an excellent source of vitamin C. The health benefits of these fruits also rest in their fiber and phytochemicals. The Australian lime market report is segmented based on the trend, growth, production, consumption, and demand in Australia. The report also includes value chain analysis of lime in the Australian market.
| Australia | |
| Production Analysis | |
| Consumption Analysis | |
| Trade Analysis by Volume and Value | |
| Price Trend Analysis |
Key Market Trends
Production and Import Analysis of Limes
The production of lime in Australia decreased for the last 3 years due to adverse climatic conditions as lime are most climate-sensitive crops. Little fluctuation in temperature affects the yield of lime. The lime production accounts for 46 thousand tons in 2016 which got reduced to 33 thousand ton by 2018. According to the Bureau of Meteorology, 2018 was the third hottest year of Australia and in addition to it November 2019 rainfall was lowest on record for Australia, for that month, therefore the production of lime was affected heavily which in turn reduce the yield of lime during the period. Henceforth, in order to meet the demand, a higher amount of import has been seen in the region. The United States, Egypt, NewZealand, and Spain are some of the major exporters of lime to Australia. In 2018, Australia Imported limes accounting for 6.88 million ton up from 5.5 million ton in 2017 denoting the increase in the import of lime in the region.
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Australia Dominates in the Re-Exporting of Limes in terms of Value
Lime is not an exception to the fact that it has unique health benefits like other fruits. Lime consists mainly of water, which is an extremely good source of vitamin C. Increasing health literacy makes consumers realize the best about lime, which has the least amount of calories, carbohydrates, and zero fat. This is one of the odd health benefits that makes consumers consume lime and drive the lime market. Australia is increasing its export of limes with the government encouraging farmers to export limes where only 4% of Australian limes are exported and 87% sold in the domestic market. According to the Australian Horticulture Exporter and Importer Association, in 2018, more than 264,000 ton of fresh citrus were exported valued at more than USD 440 million to countries like Indonesia, Canada, Singapore, Phillippines are some of the major markets where limes are exported to. Seasonal market behavior has increased with time-specific consumption of lime and lime products, keeping the market in line and moving forward.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Value Chain Analysis
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4.5 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Australia
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5.1.1 Production Analysis
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5.1.2 Consumption Analysis
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5.1.3 Trade Analysis by Volume and Value
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5.1.4 Price Trend Analysis
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6. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Australia Lime Market market is studied from 2016 - 2026.
What is the growth rate of Australia Lime Market?
The Australia Lime Market is growing at a CAGR of 3.2% over the next 5 years.
