Asia: Piper Pepper Market 2024

Piper Pepper Market Size in Asia

After two years of growth, the Asian piper pepper market decreased by -2.9% to $X in 2022. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.4% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Piper Pepper Production in Asia

In value terms, piper pepper production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a slight curtailment. The growth pace was the most rapid in 2014 when the production volume increased by 29%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Vietnam (X tons) constituted the country with the largest volume of piper pepper production, comprising approx. 49% of total volume. Moreover, piper pepper production in Vietnam exceeded the figures recorded by the second-largest producer, Indonesia (X tons), threefold. India (X tons) ranked third in terms of total production with an 11% share.

In Vietnam, piper pepper production increased at an average annual rate of +8.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (-0.5% per year) and India (+4.8% per year).

The average piper pepper yield shrank modestly to X tons per ha in 2022, almost unchanged from the previous year's figure. The yield figure increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by 25% against the previous year. Over the period under review, the piper pepper yield hit record highs at X tons per ha in 2021, and then fell slightly 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, approx. X ha of piper pepper were harvested in Asia; stabilizing at 2021. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the harvested area increased by 6.1%. Over the period under review, the harvested area dedicated to piper pepper production attained the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Piper Pepper Exports

Exports in Asia

In 2022, exports of piper pepper in Asia dropped to X tons, reducing by -4.8% compared with 2021 figures. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, piper pepper exports fell to $X in 2022. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam dominates exports structure, amounting to X tons, which was near 74% of total exports in 2022. It was distantly followed by Indonesia (X tons) and India (X tons), together making up a 15% share of total exports. Sri Lanka (X tons) and Malaysia (X tons) held a minor share of total exports.

Vietnam was also the fastest-growing in terms of the piper pepper exports, with a CAGR of +7.8% from 2012 to 2022. Sri Lanka experienced a relatively flat trend pattern. India (-3.7%), Malaysia (-6.6%) and Indonesia (-7.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by +28 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest piper pepper supplier in Asia, comprising 63% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total exports. It was followed by India, with a 7.6% share.

In Vietnam, piper pepper exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-7.7% per year) and India (-3.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by -4.6% against the previous year. Overall, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of 29% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.3%), while the other leaders experienced a decline in the export price figures.

Piper Pepper Imports

Imports in Asia

After three years of growth, supplies from abroad of piper pepper decreased by -14.4% to X tons in 2022. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.1% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 22%. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, piper pepper imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons) and the United Arab Emirates (X tons) represented roughly 40% of total imports in 2022. It was distantly followed by Vietnam (X tons), Japan (X tons), Pakistan (X tons) and China (X tons), together creating a 27% share of total imports. South Korea (X tons), Turkey (X tons), Thailand (X tons), the Philippines (X tons), Nepal (X tons), Yemen (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +20.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest piper pepper importing markets in Asia were India ($X), the United Arab Emirates ($X) and Vietnam ($X), with a combined 50% share of total imports. Japan, China, South Korea, Thailand, Pakistan, the Philippines, Nepal, Turkey, Taiwan (Chinese) and Yemen lagged somewhat behind, together accounting for a further 39%.

Yemen, with a CAGR of +19.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by 7.8% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 28%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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