Lemons or limes are the leading citrus varieties produced in Argentina, accounting for more than half of the total citrus production in the country. The lime production in Argentina is expected to register a CAGR of 2.3% during the forecast period. Argentina is the fourth-largest producer of lime in the world with 10% of world production in 2018. The main advantages of Argentina lime market include suitable growing conditions and season, and land availability.
Key Market Trends
Rise in the Lime Production
Lime production in Argentina has been continuously increasing for the last five years at an average rate of 1.5 million metric tons per year. In 2018, the country produced 2 million tonnes of lime, which is highest ever in Argentina. Tucuman is the leading lime producing region in Argentina with almost 70% of production. The main reason for such a rise in production is due to the high demand for lime. Domestic consumption of lime and lemon in Argentina has been improving positively, with little fluctuation over the years. Consumption demand is predominantly satisfied by the regional production and supply, with little imports.
Leading Importers from Argentina
Argentina exported 0.3 million metric tonnes of lime to the world, which is 16% of its total production. European countries such as Spain, Netherlands, Russia, Italy, and Greece are some of the leading importers of lime from Argentina with 27.09%, 13.31%, 12.78%, 12.29% and 3.8% of Argentina's exports in 2018. Ukraine, Canada, France, and the USA are some other countries that import lime from Argentina.
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