Global Pimenta Pepper Market 2024

Pimenta Pepper Market Size

In 2022, after two years of growth, there was decline in the global pimenta pepper market, when its value decreased by -1.6% to $X. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2021, and then reduced slightly in the following year.

Pimenta Pepper Production

In value terms, pimenta pepper production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 13% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of pimenta pepper production was India (X tons), comprising approx. 41% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, Thailand (X tons), sixfold. The third position in this ranking was held by Bangladesh (X tons), with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India totaled +4.1%. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+4.5% per year) and Bangladesh (+9.9% per year).

The global average pimenta pepper yield fell to X tons per ha in 2022, waning by -6.6% against 2021. The yield figure increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then declined in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the global pimenta pepper harvested area reached X ha, standing approx. at 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 5.7%. Over the period under review, the harvested area dedicated to pimenta pepper production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area remained at a lower figure.

Pimenta Pepper Exports

Exports

In 2022, overseas shipments of pimenta pepper decreased by -15.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Over the period under review, the global exports attained the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, pimenta pepper exports reduced modestly to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. The global exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

India was the largest exporting country with an export of about X tons, which reached 43% of total exports. China (X tons) took the second position in the ranking, distantly followed by Spain (X tons). All these countries together took approx. 35% share of total exports. The following exporters - Peru (X tons) and Mexico (X tons) - each resulted at an 8.6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +15.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2022, with a combined 77% share of global exports. Peru and Mexico lagged somewhat behind, together comprising a further 7.9%.

Mexico, with a CAGR of +12.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pimenta pepper export price amounted to $X per ton, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the other global leaders experienced more modest paces of growth.

Pimenta Pepper Imports

Imports

In 2022, after eight years of growth, there was significant decline in purchases abroad of pimenta pepper, when their volume decreased by -14% to X tons. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 13%. Global imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, pimenta pepper imports contracted to $X in 2022. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. Over the period under review, global imports reached the maximum at $X in 2021, and then declined slightly in the following year.

Imports by Country

The United States (X tons) and China (X tons) were the main importers of pimenta pepper in 2022, resulting at approx. 19% and 14% of total imports, respectively. Thailand (X tons) ranks next in terms of the total imports with an 8.8% share, followed by Spain (6.5%), Indonesia (5.3%), Malaysia (5.1%) and Sri Lanka (5%). The following importers - Bangladesh (X tons), Mexico (X tons), Germany (X tons), the UK (X tons), the Netherlands (X tons) and Japan (X tons) - together made up 14% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +20.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising 39% of global imports.

In terms of the main importing countries, China, with a CAGR of +28.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average pimenta pepper import price stood at $X per ton in 2022, jumping by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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