Turkey: Piper Pepper Market 2024

Piper Pepper Market Size in Turkey

The Turkish piper pepper market contracted dramatically to $X in 2022, shrinking by -22.9% 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). Overall, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Piper Pepper Exports

Exports from Turkey

In 2022, approx. X tons of piper pepper were exported from Turkey; increasing by 8.7% on the previous year's figure. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 276%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, piper pepper exports expanded remarkably to $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 182%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), Egypt (X tons) and Syrian Arab Republic (X tons) were the main destinations of piper pepper exports from Turkey, with a combined 53% share 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 Egypt (with a CAGR of +121.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for piper pepper exported from Turkey were the UK ($X), the United States ($X) and Egypt ($X), with a combined 59% share of total exports.

Egypt, with a CAGR of +97.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, surging by 3.3% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Oman ($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 Algeria (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Piper Pepper Imports

Imports into Turkey

In 2022, imports of piper pepper into Turkey reduced notably to X tons, shrinking by -25.4% on the year before. Overall, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2017 when imports increased by 52% against the previous year. Imports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, piper pepper imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 65% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Brazil (X tons) and Iran (X tons) were the main suppliers of piper pepper imports to Turkey, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +46.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Brazil ($X) and India ($X) appeared to be the largest piper pepper suppliers to Turkey, with a combined 93% share of total imports. Iran, Madagascar and Malaysia lagged somewhat behind, together comprising a further 6.1%.

In terms of the main suppliers, Iran, with a CAGR of +44.6%, saw the highest rates of growth with regard to 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 piper pepper import price stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, piper pepper import price increased by +34.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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