Portugal: Pimenta Pepper Market 2025

Pimenta Pepper Market Size in Portugal

In 2022, after five years of growth, there was decline in the Portuguese pimenta pepper market, when its value decreased by -3.6% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2021, and then reduced slightly in the following year.

Pimenta Pepper Exports

Exports from Portugal

In 2022, overseas shipments of pimenta pepper decreased by -2.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a temperate increase. The growth pace was the most rapid in 2019 when exports increased by 106%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pimenta pepper exports fell slightly to $X in 2022. In general, exports, however, recorded perceptible growth. The growth pace was the most rapid in 2019 when exports increased by 176% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for pimenta pepper exports from Portugal, with a 57% share of total exports. Moreover, pimenta pepper exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), threefold. Cabo Verde (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+5.2% per year) and Cabo Verde (+1.0% per year).

In value terms, Spain ($X) remains the key foreign market for pimenta pepper exports from Portugal, comprising 71% of total exports. The second position in the ranking was held by Angola ($X), with a 17% share of total exports. It was followed by Cabo Verde, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-1.7% per year) and Cabo Verde (+1.2% per year).

Export Prices by Country

In 2022, the average pimenta pepper export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Luxembourg ($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 Spain (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Pimenta Pepper Imports

Imports into Portugal

In 2022, supplies from abroad of pimenta pepper decreased by -0.1% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 38%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, pimenta pepper imports fell to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 17%. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of pimenta pepper to Portugal, accounting for a 62% share of total imports. Moreover, pimenta pepper imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.0% per year) and Poland (+27,935.2% per year).

In value terms, the largest pimenta pepper suppliers to Portugal were Spain ($X), France ($X) and Poland ($X), with a combined 88% share of total imports.

Poland, with a CAGR of +19,098.8%, recorded the highest growth rate of the value of imports, among 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 pimenta pepper import price amounted to $X per ton, declining by -5.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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