Uruguay: Pimenta Pepper Market 2025

Pimenta Pepper Market Size in Uruguay

For the third year in a row, the Uruguayan pimenta pepper market recorded growth in sales value, which increased by 3.3% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Pimenta pepper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pimenta Pepper Exports

Exports from Uruguay

In 2022, pimenta pepper exports from Uruguay dropped to X kg, which is down by -10.1% against the previous year. Overall, exports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2018 with an increase of 222%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pimenta pepper exports declined to $X in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 387% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X kg), the United States (X kg) and the UK (X kg) were the main destinations of pimenta pepper exports from Uruguay.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +20.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for pimenta pepper exported from Uruguay were Guatemala ($X), the United States ($X) and the UK ($X), together accounting for 99.9% of total exports.

Among the main countries of destination, Guatemala, with a CAGR of +23.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, growing by 5.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pimenta pepper export price decreased by -17.6% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 60%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 Chile (+57.6%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Uruguay

In 2022, supplies from abroad of pimenta pepper decreased by -7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 33% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, pimenta pepper imports expanded significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of pimenta pepper to Uruguay, with a 76% share of total imports. Moreover, pimenta pepper imports from China exceeded the figures recorded by the second-largest supplier, Chile (X tons), sevenfold. Argentina (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-6.0% per year) and Argentina (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of pimenta pepper to Uruguay, comprising 63% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Chile, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.2% per year) and Chile (-5.5% per year).

Import Prices by Country

In 2022, the average pimenta pepper import price amounted to $X per ton, rising by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 20%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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