Key Market Indicators
Sales of lemon essential oil are expected to drop by 0.9% annually over the next six years, reaching $52.1 million by 2026. This decline is slightly lower than the 1.3% year-on-year fall seen in 2020. The United Kingdom, Brazil and Mexico are the top three markets. Consumption of Brazilian lemons is expected to rise by 1.8% annually over the next five years, reaching 1.14 million metric tons by 2026. This growth is slightly higher than the 0.5% year-on-year rise seen since 2017. Brazilian lemon production is forecast to increase by 2% annually over the next five years, reaching 1.78 million metric tons in 2026. This growth is slightly higher than the 5.1% year-on-year rise seen since 1966. China, Mexico and Argentina are the top three producers.