Mexico Lime Market
Mexico is one of the major countries producing and consuming citrus fruits. Both Persian and Key limes are economically important for Mexico. Key limes mostly remain in the Mexican domestic market for consumption; however, recently, there has been an increase in the exports of this variety. Key limes are grown mostly on the Southern Pacific Coast of Mexico. The estimated CAGR is 0.08% and the value is projected to reach USD XX million by the end of 2021.
Mexico Lime Market Dynamics
Mexico is the major producer of lime; however, a bulk of the domestic produce is used to fulfill the local demand. The country is the major exporter to the US and therefore, the market value depends on the consumption and demand from other countries to which Canada also exports lime. The consumption of lime in Mexico is expected to increase over the forecast period to reach 1,590,759 tons by the end of 2020. A majority of the demand will be fulfilled by the domestic production in this region.
As per the Food and Agriculture Organization of the United Nations (UNFAO), Mexico and Brazil are the world’s largest producers of lime. Both these countries produce large quantities of Key limes. However, because of the lack of refrigeration, Key limes are preferred in Mexico as they have a longer shelf life. Mexico accounts for 13% of the global lime production, where lime yields average 12,226 pounds per acre.
The North American Free Trade Agreement (NAFTA) has worked in favor of Mexico’s lime production. A majority of limes produced in Mexico serve the domestic market. As per USDA’s FAS, Mexico, on an average, consumed 59% of all lemons and limes produced in the country. While Mexico is the largest supplier of fresh limes to the United States, the country only exported an average of 19% out of the total lime production. The import of lime is very less, nearly 3,669 tons as of 2015, and is consumed majorly by the processing companies for value-added market sale.
Mexico is by far the leading exporter of fresh limes. Approximately 20% of the fresh produce is exported, while over one-half of the processed production is traded. About 25% of Persian lime production in Mexico is under irrigation and roughly 50-60% of Persian limes are exported to the United States from Veracruz. In total, about 30% of Mexico’s total Persian lime production is exported.
The Mexico Lime market report covers the following information –
- Lime production
- Mexico consumption
- Mexico trade (export-import) scenario and statistics
- Price trend and seasonality of the crop
- Future outlook of the crop market
Stakeholders who would benefit -
- Lime growers
- Enterprises providing agricultural inputs
- Crop processing companies
- Crop importers and exporters
- Investors/research institutions interested in the crop market
1.1 Definition of the Market
1.2 Research Methodology
2. Executive Summary
3. Market Overview
4. Market Segmentation
4.1 Production Analysis
4.2 Consumption Analysis
4.3 Market Value
4.4 Price Trend
4.5 Import Market Analysis by Value
4.6 Import Market Analysis by Volume
4.7 Export Market Analysis by Value
4.8 Export Market Analysis by Volume