Bahrain: Piper Pepper Market 2024

Piper Pepper Market Size in Bahrain

The Bahraini piper pepper market shrank markedly to $X in 2022, which is down by -21.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 +21.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Piper Pepper Exports

Exports from Bahrain

In 2022, overseas shipments of piper pepper decreased by -8.7% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 151%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, piper pepper exports dropped notably to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 290%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and the United States (X tons) were the main destinations of piper pepper exports from Bahrain, together accounting for 77% 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 Saudi Arabia (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest markets for piper pepper exported from Bahrain worldwide, together accounting for 76% of total exports.

Among the main countries of destination, Saudi Arabia, with a CAGR of +34.5%, 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.

Export Prices by Country

The average piper pepper export price stood at $X per ton in 2022, dropping by -8.9% against the previous year. Overall, the export price saw a pronounced decrease. The pace of growth appeared the most rapid in 2019 an increase of 56%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Qatar ($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 Saudi Arabia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Piper Pepper Imports

Imports into Bahrain

In 2022, approx. X tons of piper pepper were imported into Bahrain; which is down by -23.6% on 2021 figures. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 40%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, piper pepper imports contracted remarkably to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +29.7% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 92% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of piper pepper imports to Bahrain, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest piper pepper suppliers to Bahrain were Vietnam ($X), the United Arab Emirates ($X) and India ($X), together comprising 77% of total imports.

The United Arab Emirates, with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average piper pepper import price amounted to $X per ton, picking up by 4.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while the price for Syrian Arab Republic ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform