Argentina: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Argentina

In 2022, the Argentinian pimenta pepper market decreased by -1% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pimenta Pepper Production in Argentina

In value terms, pimenta pepper production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 18% against the previous year. Pimenta pepper production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

The average yield of pimenta pepper in Argentina declined modestly to X tons per ha in 2022, leveling off at 2021. Over the period under review, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by 1.2% against the previous year. Over the period under review, the average pimenta pepper yield reached the maximum level at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of pimenta pepper production in Argentina was estimated at X ha, almost unchanged from the previous year. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 2.2% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the pimenta pepper harvested area remained at a somewhat lower figure.

Pimenta Pepper Exports

Exports from Argentina

Pimenta pepper exports from Argentina expanded sharply to X tons in 2022, picking up by 10% against the previous year's figure. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pimenta pepper exports expanded sharply to $X in 2022. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Paraguay (X tons) and Chile (X kg) were the main destinations of pimenta pepper exports from Argentina, together comprising 99.9% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +30.9%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for pimenta pepper exports from Argentina, comprising 65% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-5.0% per year) and Chile (+24.3% per year).

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, with an increase of 2% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2013 when the average export price increased by 18%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Argentina

In 2022, overseas purchases of pimenta pepper decreased by -4.1% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2015 when imports increased by 120% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, pimenta pepper imports skyrocketed to $X in 2022. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 78% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pimenta pepper to Argentina, accounting for a 64% share of total imports. Moreover, pimenta pepper imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+9.8% per year) and Chile (-6.2% per year).

In value terms, China ($X) constituted the largest supplier of pimenta pepper to Argentina, comprising 56% of total imports. The second position in the ranking was held by Peru ($X), with an 18% share of total imports. It was followed by Chile, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+12.2% per year) and Chile (-5.0% per year).

Import Prices by Country

The average pimenta pepper import price stood at $X per ton in 2022, increasing by 23% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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