The market for lemons and limes in China stood at 2.17 million metric tons in 2023, reflecting a year-on-year growth rate of 0.79% and a CAGR of 0.4% over the last five years. From 2014 to 2018, the market experienced varied growth rates with significant spikes in 2017 (2.8%) and 2018 (7.52%). A slight decline followed in 2019 (-1.36%) and 2020 (-4.14%), before stabilizing and recording positive growth in 2021 (6.16%) and 2022 (0.84%). Forecasts predict a gradual increase in market volume, reaching 2.26 million metric tons by 2028, with a forecasted 5-year CAGR of 0.65% and an overall growth rate of 3.28%.
Future trends to watch for:
- Potential impacts of global trade policies on citrus imports and exports.
- Consumer preferences shifting towards organic and sustainably sourced produce.
- Technological advancements in agricultural practices improving yield and efficiency.
- Health and wellness trends boosting demand for vitamin C-rich fruits.
- Climate change impacts on crop yields and market stability.
