Report Update Nov 1, 2024

Slovakia - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Slovakia

In 2022, after two years of growth, there was significant decline in the Slovak pimenta pepper market, when its value decreased by -26.7% to $X. In general, consumption continues to indicate a pronounced downturn. Pimenta pepper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pimenta Pepper Exports

Exports from Slovakia

In 2022, shipments abroad of pimenta pepper increased by 9.5% to X tons, rising for the sixth year in a row after three years of decline. Overall, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, pimenta pepper exports rose markedly to $X in 2022. Over the period under review, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Poland (X tons) were the main destinations of pimenta pepper exports from Slovakia, together comprising 99% 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 Hungary (with a CAGR of +30.6%), while the other leaders experienced a decline.

In value terms, Hungary ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for pimenta pepper exported from Slovakia worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +28.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average pimenta pepper export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 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 2020; however, from 2021 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 Poland ($X per ton), while the average price for exports to Hungary ($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 Poland (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Pimenta Pepper Imports

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in overseas purchases of pimenta pepper, when their volume decreased by -20.5% to X tons. Overall, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pimenta pepper imports dropped to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Spain (X tons) and Hungary (X tons) were the main suppliers of pimenta pepper imports to Slovakia, together comprising 85% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +21.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest pimenta pepper suppliers to Slovakia were China ($X), Spain ($X) and Hungary ($X), together comprising 75% of total imports. Mexico, Serbia, the Netherlands, the Czech Republic and Israel lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, the Netherlands, with a CAGR of +18.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pimenta pepper import price stood at $X per ton in 2022, growing by 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a 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 Israel ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pimenta pepper in the world?

India remains the largest pimenta pepper consuming country worldwide, comprising approx. 28% of total volume. Moreover, pimenta pepper consumption in India exceeded the figures recorded by the second-largest consumer, Thailand, threefold. Ethiopia ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of pimenta pepper in the world?

The country with the largest volume of pimenta pepper production was India, comprising approx. 41% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, Thailand, fivefold. China ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of pimenta pepper to Slovakia?

In value terms, Hungary, Slovenia and Spain constituted the largest pimenta pepper suppliers to Slovakia, together accounting for 65% of total imports. These countries were followed by the Czech Republic, Germany, Poland, Serbia, the Netherlands, Austria and China, which together accounted for a further 33%.

What are the leading importers of pimenta pepper from Slovakia?

In value terms, the Czech Republic, Hungary and Poland were the largest markets for pimenta pepper exported from Slovakia worldwide, together comprising 96% of total exports.

What is the average export price for pimenta pepper in Slovakia?

In 2021, the average pimenta pepper export price amounted to $4,560 per ton, declining by -5.1% against the previous year.

What is the average import price for pimenta pepper in Slovakia?

In 2021, the average pimenta pepper import price amounted to $3,244 per ton, with a decrease of -14.3% against the previous year.

This report provides an in-depth analysis of the pimenta pepper market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 689 - Pimento

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023