Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in India - 2023
Contents:
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in India (CIF) - 2022
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in India (FOB) - 2023
- Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in India
- Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in India
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in India (CIF) - 2022
The average import price for pepper of the genus piper, neither crushed nor ground stood at $4,671 per ton in 2022, surging by 3.4% against the previous year. Overall, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices hit record highs at $9,111 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($6,752 per ton), while the price for the United Arab Emirates ($2,831 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in India (FOB) - 2023
The average export price for pepper of the genus piper, neither crushed nor ground stood at $4,983 per ton in November 2023, approximately reflecting the previous month. Overall, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 19% month-to-month. The export price peaked at $7,088 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the UK ($8,399 per ton), while the average price for exports to Ukraine ($561 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in India
In 2022, the amount of pepper of the genus piper, neither crushed nor ground imported into India expanded sharply to 43K tons, increasing by 14% compared with the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of pepper of the genus piper, neither crushed nor ground soared to $203M in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 101% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 32.6 | 32.2 | 90.2 | 77.6 | 33.5% |
| Vietnam | 28.9 | 20.9 | 37.3 | 58.3 | 26.4% |
| Brazil | 7.8 | 8.3 | 12.5 | 30.3 | 57.2% |
| United Arab Emirates | 0.4 | 3.5 | 13.0 | 16.7 | 246.9% |
| Indonesia | 14.0 | 11.3 | 14.3 | 15.1 | 2.6% |
| Ecuador | 2.3 | 2.0 | 1.1 | 1.9 | -6.2% |
| Myanmar | 6.1 | 6.1 | 2.1 | N/A | -41.3% |
| Others | 1.2 | 1.4 | 1.3 | 2.7 | 31.0% |
| Total | 93.1 | 85.6 | 172 | 203 | 29.7% |
Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to India in 2022:
- Vietnam (13.7K tons)
- Sri Lanka (11.5K tons)
- Brazil (7.7K tons)
- United Arab Emirates (5.9K tons)
- Indonesia (3.6K tons)
- Ecuador (0.5K tons)
Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in India
In 2022, exports of pepper of the genus piper, neither crushed nor ground from India surged to 14K tons, rising by 30% against the previous year's figure. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of pepper of the genus piper, neither crushed nor ground stood at $53M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 6.7 | 13.9 | 7.8 | 3.2% |
| Sweden | 5.3 | 5.0 | 6.4 | 7.3 | 11.3% |
| United Arab Emirates | 0.7 | 1.2 | 0.9 | 5.9 | 103.5% |
| Germany | 4.4 | 4.0 | 5.2 | 5.0 | 4.4% |
| Bangladesh | 0.1 | 0.6 | 0.1 | 4.9 | 265.9% |
| Netherlands | 1.5 | 1.6 | 3.5 | 3.7 | 35.1% |
| Japan | 3.0 | 2.3 | 2.3 | 2.7 | -3.5% |
| United Kingdom | 2.4 | 2.6 | 3.0 | 2.1 | -4.4% |
| Canada | 1.4 | 1.5 | 2.7 | 1.8 | 8.7% |
| Australia | 1.0 | 0.8 | 1.1 | 1.3 | 9.1% |
| Italy | 1.7 | 1.4 | 2.5 | 1.2 | -11.0% |
| Russia | 0.5 | 0.4 | 0.3 | 0.6 | 6.3% |
| Thailand | 2.3 | 0.8 | N/A | N/A | -65.2% |
| Others | 9.9 | 8.4 | 11.1 | 9.1 | -2.8% |
| Total | 41.3 | 37.4 | 53.0 | 53.4 | 8.9% |
Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from India in 2022:
- United Arab Emirates (3985.8 tons)
- Bangladesh (2780.1 tons)
- United States (1174.7 tons)
- Sweden (1015.5 tons)
- Russia (716.1 tons)
- Germany (515.7 tons)
- Netherlands (496.9 tons)
- Japan (318.6 tons)
- United Kingdom (305.5 tons)
- Canada (247.2 tons)
- Italy (175.2 tons)
- Australia (159.2 tons)
- Thailand (7.2 tons)
1281
This report provides an in-depth analysis of the piper pepper market in India.
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This report provides an in-depth analysis of the global piper pepper market.
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This report provides an in-depth analysis of the global pimenta pepper market.
1281
This report provides an in-depth analysis of the piper pepper market in India.
1864
This report provides an in-depth analysis of the spice market in India.
602
This report provides an in-depth analysis of the pimenta pepper market in India.
6769
This report provides an in-depth analysis of the global piper pepper market.
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In February 2023, the piper pepper price amounted to $4,634 per ton (CIF, India), rising by 12% against the previous month.
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The growth rate peaked in February 2023 with a 56% month-on-month increase in Spice exports. However, the value of spice exports dropped significantly to $93M in November 2023.
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In November 2022, the pimenta pepper price amounted to $2,842 per ton (FOB, India), stabilizing at the previous month.
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India remains the largest pimenta pepper exporter worldwide, comprising near half of the global exports. Last year, India managed to strengthen its leading position, with pimenta pepper exports skyrocketing to over 500K tons, or $1.1B. China was the key importer of Indian pepper, accounting for 32% of the total volume. The average export price for pimenta pepper from India jumped by +16% y-o-y in 2020.
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Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
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The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
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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
15155
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%.
