Uruguay: Piper Pepper Market 2025

Piper Pepper Market Size in Uruguay

In 2022, the Uruguayan piper pepper market increased by 43% to $X, rising for the second year in a row after five years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Piper Pepper Exports

Exports from Uruguay

In 2022, after two years of growth, there was significant decline in shipments abroad of piper pepper, when their volume decreased by -18.4% to X kg. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 158%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, piper pepper exports dropped to $X in 2022. Over the period under review, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of 161%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for piper pepper exports from Uruguay, accounting for a 80% share of total exports. Moreover, piper pepper exports to the UK exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled -1.9%.

In value terms, the UK ($X) remains the key foreign market for piper pepper exports from Uruguay, comprising 75% of total exports. The second position in the ranking was taken by the United States ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest.

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, increasing by 5% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +9.4% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 32%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign 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 the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Piper Pepper Imports

Imports into Uruguay

In 2022, imports of piper pepper into Uruguay skyrocketed to X tons, rising by 25% on the year before. In general, imports, however, showed a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of 82% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, piper pepper imports skyrocketed to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 82% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of piper pepper to Uruguay, with a 66% share of total imports. Moreover, piper pepper imports from Brazil exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.3% per year) and Vietnam (+25.1% per year).

In value terms, the largest piper pepper suppliers to Uruguay were Brazil ($X), Indonesia ($X) and Vietnam ($X), with a combined 90% share of total imports.

Vietnam, with a CAGR of +22.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, growing by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 44%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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