Global Chili And Pepper Market 2024

Chili And Pepper Market Size

The global chili and pepper market reduced slightly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the global market remained at a lower figure.

Chili And Pepper Production

In value terms, chili and pepper production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 48%. As a result, production attained the peak level of $X. From 2017 to 2022, global production growth remained at a lower figure.

The country with the largest volume of chili and pepper production was China (X tons), comprising approx. 46% of total volume. Moreover, chili and pepper production in China exceeded the figures recorded by the second-largest producer, Turkey (X tons), sixfold. Indonesia (X tons) ranked third in terms of total production with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+3.4% per year) and Indonesia (+4.7% per year).

In 2022, the global average yield of chilies and peppers (green) declined to X tons per ha, falling by -2% compared with the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.1% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then dropped 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, approx. X ha of chilies and peppers (green) were harvested worldwide; rising by 1.6% against 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 3% against the previous year. The global harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Chili And Pepper Exports

Exports

In 2022, after five years of growth, there was significant decline in overseas shipments of chilies and peppers (green), when their volume decreased by -6.2% to X tons. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, chili and pepper exports dropped to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Over the period under review, the global exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Mexico (X tons) and Spain (X tons) were the largest exporters of chilies and peppers (green)across the globe, together accounting for near 50% of total exports. It was distantly followed by the Netherlands (X tons) and Canada (X tons), together mixing up a 16% share of total exports. Morocco (X tons), Turkey (X tons), the United States (X tons) and China (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +8.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 62% of global exports. Canada, the United States, Turkey, Morocco and China lagged somewhat behind, together accounting for a further 21%.

Among the main exporting countries, China, with a CAGR of +15.5%, saw the highest rates of growth with regard to the value of exports, 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 chili and pepper export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Canada ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the other global leaders experienced more modest paces of growth.

Chili And Pepper Imports

Imports

In 2022, after six years of growth, there was significant decline in purchases abroad of chilies and peppers (green), when their volume decreased by -7.7% to X tons. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 8.2% against the previous year. Global imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, chili and pepper imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 11%. Over the period under review, global imports reached the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, the United States (X tons) was the main importer of chilies and peppers (green), committing 28% of total imports. Germany (X tons) took the second position in the ranking, followed by the UK (X tons) and France (X tons). All these countries together took near 23% share of total imports. The following importers - Canada (X tons), Russia (X tons), the Netherlands (X tons), Italy (X tons), Thailand (X tons), Spain (X tons), Malaysia (X tons), Poland (X tons) and Austria (X tons) - together made up 23% of total imports.

From 2012 to 2022, average annual rates of growth with regard to chili and pepper imports into the United States stood at +1.3%. At the same time, Thailand (+50.6%), Spain (+12.4%), Austria (+7.1%), Malaysia (+5.9%), Poland (+4.7%), the UK (+4.1%), France (+2.4%), Italy (+2.2%) and Canada (+2.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +50.6% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Russia (-1.5%) and the Netherlands (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +2.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chili and pepper importing markets worldwide were the United States ($X), Germany ($X) and the UK ($X), with a combined 47% share of global imports. Canada, France, the Netherlands, Russia, Poland, Italy, Austria, Spain, Thailand and Malaysia lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Thailand, with a CAGR of +56.3%, recorded 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 chili and pepper import price stood at $X per ton in 2022, reducing by -3.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 7.8%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Malaysia ($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 (+3.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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