Maldives: Chili And Pepper Market 2020

Chili And Pepper Market Size in Maldives

The revenue of the chili and pepper market in Maldives amounted to $X in 2018, growing by X% against the previous year. Over the period under review, chili and pepper consumption, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, the chili and pepper market reached its peak level and is likely to continue its growth in the immediate term.

Chili And Pepper Production in Maldives

In value terms, chili and pepper production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a perceptible expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when production volume increased by X% year-to-year. Maldives chili and pepper production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Average yield of chilies and peppers (green) in Maldives stood at X ton per ha in 2018, therefore, remained relatively stable against the previous year. Overall, the chili and pepper yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, the chili and pepper yield attained its peak figure level at X ton per ha in 2007; however, from 2008 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of chilies and peppers (green) production in Maldives totaled X ha, rising by X% against the previous year. Over the period under review, the total harvested area indicated remarkable growth from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2009 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to chili and pepper production reached its maximum at X ha in 2011; however, from 2012 to 2018, harvested area failed to regain its momentum.

Chili And Pepper Exports

Exports by Country

Mexico (X tons) and Spain (X tons) represented roughly X% of total exports of chilies and peppers (green) in 2018. It was distantly followed by the Netherlands (X tons), making up a X% share of total exports. The following exporters - Morocco (X tons), Canada (X tons), Turkey (X tons), the U.S. (X tons), China (X tons) and Israel (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Canada, Morocco, the U.S., Israel, Turkey and China, which together accounted for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The chili and pepper export price in Maldives stood at $X per ton in 2018, stabilizing at the previous year. Overall, the chili and pepper export price continues to indicate a relatively flat trend pattern. Maldives export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Canada ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Morocco, while the other leaders experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Maldives

In 2018, approx. X tons of chilies and peppers (green) were imported into Maldives; approximately mirroring the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Over the period under review, chili and pepper imports reached their maximum at X tons in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports totaled $X in 2018. In general, chili and pepper imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, chili and pepper imports attained their peak and are likely to continue its growth in the immediate term.

Imports by Country

The U.S. represented the main importing country with an import of about X tons, which finished at X% of total imports. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by the UK (X%) and Russia (X%). France (X tons), Canada (X tons), the Netherlands (X tons), Italy (X tons), Poland (X tons), Spain (X tons), Malaysia (X tons) and Lithuania (X tons) took a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to chili and pepper imports into the U.S. stood at +X%. At the same time, Lithuania (+X%), Malaysia (+X%), Poland (+X%), Spain (+X%), Russia (+X%), the UK (+X%), Germany (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. France and the Netherlands experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), Germany (+X p.p.), Russia (+X p.p.), the UK (+X p.p.) and Lithuania (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. France, Canada, the Netherlands, Russia, Poland, Italy, Spain, Lithuania, Malaysia and Maldives lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the chili and pepper import price in Maldives amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the chili and pepper import price continues to indicate remarkable growth. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. In that year, the import prices for chilies and peppers (green) reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform