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The Mexican Lime Market is segmented by Production, Consumption and Trade analysis, in terms of Import and Export during the forecast period (2020-2025)
The Mexican lime market is estimated to record a CAGR of 2.1% during the forecast period. 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. 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.
Lime (citrus) fruit is an excellent source of vitamin C. The health benefits of these fruits also rest in their fiber and phytochemicals. The lime peels are rich in limonene phytochemicals. The Mexican lime market is segmented by production, consumption, and trade analysis in terms of import and export during the forecast period (2020-2025).
|Consumption Analysis and Market Value|
|Trade Analysis by Volume and Value|
|Price Trend Analysis|
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As per the Food and Agriculture Organization of the United Nations (UNFAO), Mexico and Brazil are the world’s largest producers of lime. 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 an average of 12,226 pounds per acre. The major regions producing almost 80% of limes in Mexico are Colima, Guerrero, Michoacan, and Oaxaca. On the other hand, Veracruz accounts for about 61% of the production of Persian lime and lemons, which are mostly concentrated in the Yucatán Peninsula. Lime production is also impacted by the effect of drug cartels in Mexico. When lime prices soar, the extortion of lime farmers by drug cartel members is common. There have been reports of armed cartel members robbing trucks of limes headed to the United States.
The country is the major exporter to the United States, 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 metric ton by the end of 2020. A majority of the demand will be fulfilled by domestic production in this region.
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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 product 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 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 average, consumed 59% of all lemons and limes produced in the country. While Mexico is the largest supplier of fresh limes in the United States, the country exported an average of 19% out of the total lime production. The United States, the Netherlands, the United Kingdom, Japan, and France are the major importers of Mexican lime. During the forecast period, 2016-2018, Mexico saw a revenue increase of 21.50% in exporting lime.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 PESTLE Analysis
5. MARKET SEGMENTATION
5.1.1 Production Analysis
5.1.2 Consumption Analysis and Market Value
5.1.3 Trade Analysis by Volume and Value
5.1.4 Price Trend Analysis
6. MARKET OPPORTUNITIES AND FUTURE TRENDS