Spain - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's Pimenta Pepper Price Reduces to $3,617 per Ton
Spain Pimenta Pepper Export Price in February 2023
In February 2023, the pimenta pepper price stood at $3,617 per ton (FOB, Spain), reducing by -2.9% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 9.2% month-to-month. Over the period under review, the average export prices reached the peak figure at $3,725 per ton in January 2023, and then reduced modestly in the following month.
Average prices varied somewhat for the major external markets. In February 2023, the countries with the highest prices were the United States ($4,084 per ton) and the UK ($3,928 per ton), while the average price for exports to France ($3,210 per ton) and Poland ($3,214 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
COUNTRY | Export Price of Pimenta Pepper in Spain (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
United States | 3,497 | 3,386 | 3,618 | 3,510 | 3,569 | 3,630 | 3,539 | 3,429 | 3,372 | 3,777 | 3,989 | 4,457 | 4,084 |
United Kingdom | 3,689 | 3,519 | 3,485 | 3,664 | 3,883 | 3,634 | 3,440 | 3,337 | 3,853 | 3,646 | 3,781 | 4,019 | 3,928 |
Belgium | 3,408 | 3,358 | 3,091 | 3,333 | 3,272 | 3,299 | 3,160 | 3,064 | 3,093 | 3,668 | 3,543 | 3,461 | 3,629 |
Austria | 3,103 | 3,569 | 2,970 | 2,896 | 3,024 | 2,803 | 2,856 | 3,737 | 3,194 | 2,932 | 3,212 | 3,617 | 3,518 |
Canada | 3,536 | 3,537 | 3,436 | 3,382 | 3,528 | 3,334 | 2,980 | 3,183 | 3,579 | 3,269 | 3,630 | 3,647 | 3,511 |
Germany | 3,428 | 3,374 | 2,843 | 3,123 | 3,298 | 3,021 | 3,131 | 3,188 | 2,802 | 3,243 | 3,082 | 3,333 | 3,471 |
Czech Republic | 3,100 | 3,098 | 2,605 | 2,600 | 3,307 | 3,185 | 3,026 | 2,762 | 3,044 | 3,134 | 3,115 | 3,707 | 3,451 |
Hungary | 3,254 | 2,988 | 2,783 | 2,948 | 2,929 | 2,651 | 2,972 | 3,034 | 2,889 | 3,222 | 3,178 | 3,527 | 3,449 |
Sweden | 3,542 | 3,880 | 3,355 | 3,082 | 3,446 | 3,808 | 2,857 | 3,224 | 2,691 | 5,163 | 3,591 | 4,199 | 3,421 |
Netherlands | 3,577 | 3,183 | 3,068 | 3,249 | 3,460 | 3,383 | 3,381 | 3,204 | 2,794 | 3,218 | 3,448 | 3,645 | 3,385 |
Australia | 3,320 | 3,109 | 3,731 | 3,749 | 3,433 | 3,256 | 3,482 | 3,305 | 3,550 | 3,435 | 3,597 | 3,879 | 3,301 |
Poland | 2,945 | 2,917 | 3,146 | 3,078 | 3,137 | 3,081 | 3,074 | 2,895 | 2,912 | 2,871 | 3,218 | 3,053 | 3,214 |
France | 3,106 | 2,968 | 2,844 | 3,058 | 2,934 | 2,678 | 2,802 | 3,004 | 2,818 | 3,350 | 3,098 | 3,387 | 3,210 |
Average | 3,386 | 3,267 | 3,122 | 3,271 | 3,311 | 3,279 | 3,184 | 3,216 | 3,140 | 3,430 | 3,574 | 3,725 | 3,617 |
Spain Pimenta Pepper Exports
In February 2023, shipments abroad of pimenta pepper increased by 7.2% to 7K tons, rising for the third consecutive month after two months of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when exports increased by 40% month-to-month.
In value terms, pimenta pepper exports reached $25M (IndexBox estimates) in February 2023. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when exports increased by 41% month-to-month.
Spain Pimenta Pepper Exports by Country
the United States (1.9K tons) was the main destination for pimenta pepper exports from Spain, with a 27% share of total exports. Moreover, pimenta pepper exports to the United States exceeded the volume sent to the second major destination, Germany (856 tons), twofold. The third position in this ranking was held by the UK (592 tons), with an 8.5% share.
From February 2022 to February 2023, the average monthly growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+2.2% per month) and the UK (+0.9% per month).
In value terms, the United States ($7.7M) remains the key foreign market for pimenta pepper exports from Spain, comprising 30% of total exports. The second position in the ranking was taken by Germany ($3M), with a 12% share of total exports. It was followed by the UK, with a 9.2% share.
From February 2022 to February 2023, the average monthly growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+2.3% per month) and the UK (+1.5% per month).
This report provides an in-depth analysis of the pimenta pepper market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023