China lime market is projected to grow at a CAGR of 1.93% during the forecast period (2020-2025).
- The cultivation of lime takes place mostly in the regions of Tongnan, near Chongqing, Anyone, Dehong, and the provinces of Sichuan, Hainan, and Yunnan. , Anyone is the major lime producing region in the country accounting for almost 80% of the production each year.
- The overall lime production is expected to increase as Chinese producers are being benefited from favorable weather, the diminished impact from citrus greening and increased yields in younger orchards, especially in western China.
Key Market Trends
Raw Material for Many Food Processing Industries
Lime is used as one of the key raw ingredients for many food processing and other industrial application. Certain pickles and juice processing industries procure lime consistently by lime producers. Lime is extensively used as an important ingredient in cosmetics, essential oil and pharmaceutical industries for manufacturing products. Therefore, to meet the growing demand from these industries, the production of lime has increased in recent years. The lime-based ingredient used in drinks, food, and confectionery contains a flavor quite distinct from that made from lemons. This unique taste of lime makes it a majorly demanding citrus fruit and therefore is in great demand among the Chinese beverage companies. Also, lime rind contains a limonene chemical compound, an essential oil that is widely used in the oil and cosmetics industries. Thus, Chinese cosmetic manufacturers are widely adopting such ingredients in their cosmetic production. Thus, the demand from these industries is positively impacting the production of lime in the country.
China Emerges as One of the Major Lime Exporters to Various Countries
The United Nations Statistics Division-commodity Trade Statistics Database reported that the countries, such as the Philippines, Hong Kong, Vietnam, and Russia were the major importers of limes from China in 2018, accounting for USD 18.7 million, USD 17.8 million, USD 14.8 million and USD 13.3 million, respectively. There is a high demand for China's lime and other citrus fruits in export markets. To meet the constantly increasing demand, the country exports a good amount of these fruits to other countries, as China is producing a considerable amount of limes in the country itself. With the trade war and the import tariffs that the US is setting, it is unclear how the market will develop over the forecast period. South Africa will be demanding limes from China in the latter part of 2018. Thus, the overall lime production and thereby exports are expected to increase, as Chinese producers are benefitted from favorable weather, the diminished impact from citrus greening, and increased yields in younger orchards, especially in western China.
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