Sri Lanka - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPimenta Pepper Price in Sri Lanka - 2021
Contents:
- Pimenta Pepper Price in Sri Lanka (CIF) - 2022
- Pimenta Pepper Price in Sri Lanka (FOB) - 2022
- Pimenta Pepper Imports in Sri Lanka
- Pimenta Pepper Exports in Sri Lanka
Pimenta Pepper Price in Sri Lanka (CIF) - 2022
The average pimenta pepper import price stood at $2,419 per ton in 2022, rising by 22% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 27%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +58.1% per year.
Pimenta Pepper Price in Sri Lanka (FOB) - 2022
In 2022, the average pimenta pepper export price amounted to $4,122 per ton, surging by 12% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 increased by +108.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 44%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($7,118 per ton), while the average price for exports to Spain ($1,575 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 Saudi Arabia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Pimenta Pepper Imports in Sri Lanka
Pimenta pepper imports into Sri Lanka declined slightly to 48K tons in 2022, shrinking by -4.9% on 2021 figures. In general, imports showed a perceptible decline. The smallest decline of -1.4% was in 2021.
In value terms, pimenta pepper imports soared to $115M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Pimenta Pepper in Sri Lanka (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 82.9 | 94.7 | 99.0 | 115 | 11.5% |
Others | 0.1 | 0.3 | 0.3 | 0.8 | 100.0% |
Total | 83.1 | 95.0 | 99.3 | 115 | 11.4% |
Top Suppliers of Pimenta Pepper to Sri Lanka in 2022:
- India (47.3K tons)
Pimenta Pepper Exports in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of pimenta pepper, when their volume decreased by -39.1% to 369 tons. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of 606 tons, and then dropped rapidly in the following year.
In value terms, pimenta pepper exports fell remarkably to $1.5M in 2022. In general, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 34%.
Export of Pimenta Pepper in Sri Lanka (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 226 | 431 | 394 | 411 | 22.1% |
Maldives | 272 | 104 | 257 | 255 | -2.1% |
United States | 30.9 | 87.1 | 159 | 125 | 59.3% |
Italy | 84.2 | 192 | 215 | 104 | 7.3% |
India | 30.8 | 22.8 | 156 | 95.7 | 45.9% |
Kuwait | 73.5 | 139 | 126 | 95.6 | 9.2% |
Spain | 133 | 107 | 119 | 61.3 | -22.8% |
Germany | 57.3 | 181 | 135 | 53.5 | -2.3% |
Canada | 54.2 | 159 | 160 | 46.4 | -5.0% |
Saudi Arabia | 32.4 | 34.1 | 34.2 | 46.3 | 12.6% |
New Zealand | 18.0 | 40.4 | 66.4 | 46.3 | 37.0% |
United Arab Emirates | 22.8 | 30.7 | 14.7 | 42.2 | 22.8% |
Qatar | 12.4 | 33.9 | 54.9 | 21.4 | 19.9% |
Others | 321 | 267 | 339 | 118 | -28.4% |
Total | 1,367 | 1,828 | 2,231 | 1,521 | 3.6% |
Top Export Markets for Pimenta Pepper from Sri Lanka in 2022:
- Australia (57.7 tons)
- India (55.2 tons)
- Maldives (50.7 tons)
- Spain (38.9 tons)
- United States (25.4 tons)
- Kuwait (24.6 tons)
- United Arab Emirates (18.5 tons)
- New Zealand (17.4 tons)
- Canada (15.5 tons)
- Italy (14.8 tons)
- Qatar (10.3 tons)
- Germany (8.3 tons)
- Saudi Arabia (7.9 tons)
This report provides an in-depth analysis of the pimenta pepper market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 689 - Pimento
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the pimenta pepper market in Sri Lanka.
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This report provides an in-depth analysis of the global pimenta pepper market.
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This report provides an in-depth analysis of the global spice market.
This report provides an in-depth analysis of the pimenta pepper market in Sri Lanka.
This report provides an in-depth analysis of the piper pepper market in Sri Lanka.
This report provides an in-depth analysis of the spice market in Sri Lanka.
This report provides an in-depth analysis of the global pimenta pepper market.
Explore the top import markets for Pimenta Pepper in 2023, including key statistics and import values. Learn about the countries driving the global demand for this popular spice.
The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This...
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
From 2007 to 2015, global exports on the pepper market surged by +X% per year, amounting to X million USD in 2015. This was X million USD (X%) more than in 2014. In physical terms, exports stood at X thousand to
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. From 2007 to 2015, it expanded with a CAGR of +X%.
In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
According to market research conducted by IndexBox, global pepper production was estimated at X thousand tons in 2015, an increase of X thousand tons than in 2014. In value terms, production reached record levels, increasing to X million USD