Key Market Indicators
Lemon essential oil sales are expected to hit $12 billion by 2026, a slight increase from $11.7 billion in 2020. The market dropped 2% year on year, with the United Kingdom, Brazil and Mexico taking the second, third and fourth spots in the ranking. Guyanese lemon consumption is forecasted to reach nearly 8,000 metric tons in 2026, up from 6,000 metric tons in 2021, with an average year-on-year growth rate of 4%. Since 2017, demand has remained steady. Guyanese lemon production is projected to reach 9,200 metric tons by 2026, up from 7,300 metric tons in 2021, with an average year-on-year growth rate of 3.9%. Since 2002, supply has surged 19.9% annually. In 2021, the country ranked 57th, with Rwanda overtaking at 7,300 metric tons. China, Mexico and Argentina took the second, third and fourth spots in the ranking.
