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China - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights

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Jul 30, 2023

Price of Pimenta Peppers in China Soars to $2,997 per Ton

China Pimenta Pepper Export Price in June 2023

In June 2023, the pimenta pepper price amounted to $2,997 per ton, therefore (FOB, China), remained relatively stable against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 12% m-o-m. As a result, the export price attained the peak level of $3,092 per ton. From September 2022 to June 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Japan ($4,493 per ton), while the average price for exports to South Africa ($1,810 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Pimenta Pepper in China (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Japan4,7784,5555,3114,6674,6844,7534,8495,0784,7194,9925,0455,1014,493
Mexico3,1613,0103,3543,5933,2372,8362,7072,8563,0472,8583,1373,3313,782
Germany2,5052,7142,4212,2952,6572,8973,6862,6422,6712,7333,1263,0193,370
United States3,0963,0993,3823,1623,4453,3303,3492,8812,8602,8552,8223,0393,166
Malaysia2,9493,0463,0403,3163,3493,4613,1353,5123,1402,9853,0163,1883,163
Indonesia2,2922,2801,4961,4582,1712,2122,2951,7611,7422,2972,4121,7542,911
Russia1,9942,1332,3122,2562,4282,3352,2242,0312,1522,3522,3862,5702,802
Spain2,2932,2852,4082,2662,4862,5712,5382,6452,5862,7032,5922,5842,747
Thailand2,3512,3372,5742,4132,3992,3192,5202,5052,5922,3122,2622,3922,632
South Korea2,7392,7292,3292,3542,3482,2422,1962,8242,5642,3602,4952,5722,567
Israel2,2712,8372,7772,7342,5082,5472,5672,5062,4232,4282,6182,7752,527
South Africa1,7591,6501,8051,7291,6411,5601,5091,6531,6261,5401,5211,7321,810
Average2,8102,7613,0922,9523,0182,9842,8022,9362,8342,9262,8902,9532,997

China Pimenta Pepper Exports

For the third consecutive month, China recorded decline in shipments abroad of pimenta pepper, which decreased by -10.3% to 25K tons in June 2023. Overall, total exports indicated a notable increase from June 2022 to June 2023: its volume increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports decreased by -23.0% against March 2023 indices. The growth pace was the most rapid in December 2022 with an increase of 35% m-o-m.

In value terms, pimenta pepper exports dropped to $76M (IndexBox estimates) in June 2023. Over the period under review, total exports indicated perceptible growth from June 2022 to June 2023: its value increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports decreased by -21.2% against March 2023 indices. The pace of growth appeared the most rapid in March 2023 when exports increased by 37% m-o-m. As a result, the exports attained the peak of $96M. From April 2023 to June 2023, the growth of the exports remained at a lower figure.

China Pimenta Pepper Exports by Country

Spain (5.8K tons) was the main destination for pimenta pepper exports from China, accounting for a 23% share of total exports. Moreover, pimenta pepper exports to Spain exceeded the volume sent to the second major destination, the United States (2.8K tons), twofold. South Korea (2.3K tons) ranked third in terms of total exports with an 8.9% share.

From June 2022 to June 2023, the average monthly growth rate of volume to Spain amounted to +2.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+2.2% per month) and South Korea (+6.8% per month).

In value terms, the largest markets for pimenta pepper exported from China were Spain ($16M), the United States ($8.7M) and Malaysia ($6.8M), together comprising 41% of total exports. These countries were followed by Mexico, South Korea, Japan, Thailand, South Africa, Indonesia, Israel, Russia and Germany, which together accounted for a further 36%.

Among the main countries of destination, Israel, with a CAGR of +6.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pimenta pepper market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 689 - Pimento

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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