Thailand: Piper Pepper Market 2024

Piper Pepper Market Size in Thailand

The Thai piper pepper market amounted to $X in 2022, with an increase of 4.2% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value 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, consumption increased by +11.1% against 2020 indices. Piper pepper consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Piper Pepper Production in Thailand

In value terms, piper pepper production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 115%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of piper pepper in Thailand fell slightly to X tons per ha in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by 17% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the average piper pepper yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The piper pepper harvested area in Thailand surged to X ha in 2022, with an increase of 51% compared with the previous year. Overall, the harvested area, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. The piper pepper harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Piper Pepper Exports

Exports from Thailand

Piper pepper exports from Thailand expanded remarkably to X tons in 2022, growing by 5.3% against the previous year. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 169%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, piper pepper exports soared to $X in 2022. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 147%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

South Africa (X tons), Australia (X tons) and the United States (X tons) were the main destinations of piper pepper exports from Thailand, with a combined 70% share of total exports. Myanmar, Vietnam, Hong Kong SAR, Singapore, Lao People's Democratic Republic, Indonesia and China lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +74.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the key foreign market for piper pepper exports from Thailand, comprising 50% of total exports. The second position in the ranking was held by Australia ($X), with a 24% share of total exports. It was followed by the United States, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa stood at +84.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+35.6% per year) and the United States (+13.0% per year).

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, rising by 42% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, piper pepper export price increased by +6.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 46%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 South Africa (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Piper Pepper Imports

Imports into Thailand

After ten years of growth, overseas purchases of piper pepper decreased by -2.1% to X tons in 2022. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2013 when imports increased by 76%. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, piper pepper imports rose notably to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 46%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest piper pepper supplier to Thailand, with a 78% share of total imports. Moreover, piper pepper imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+60.3% per year) and Malaysia (+5.4% per year).

In value terms, Vietnam ($X) constituted the largest supplier of piper pepper to Thailand, comprising 74% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Vietnam stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+45.7% per year) and Malaysia (+1.4% per year).

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, increasing by 11% against the previous year. In general, the import price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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