Price for Pepper (of the Genus Piper), Crushed or Ground in Mexico - 2023
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in Mexico (CIF) - 2023
- Price for Pepper (of the Genus Piper), Crushed or Ground in Mexico (FOB) - 2023
- Imports of Pepper (of the Genus Piper), Crushed or Ground in Mexico
- Exports of Pepper (of the Genus Piper), Crushed or Ground in Mexico
Price for Pepper (of the Genus Piper), Crushed or Ground in Mexico (CIF) - 2023
In December 2023, the average import price for pepper (of the genus piper), crushed or ground amounted to $8,211 per ton, therefore, remained relatively stable against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 38% month-to-month. The import price peaked at $10,646 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($9,432 per ton), while the price for India ($7,325 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pepper (of the Genus Piper), Crushed or Ground in Mexico (FOB) - 2023
The average export price for pepper (of the genus piper), crushed or ground stood at $10,027 per ton in December 2023, jumping by 121% against the previous month. Overall, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 809% month-to-month. As a result, the export price reached the peak level of $15,356 per ton. From August 2023 to December 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +25.1% per month.
Imports of Pepper (of the Genus Piper), Crushed or Ground in Mexico
In 2022, after two years of decline, there was significant growth in supplies from abroad of pepper (of the genus piper), crushed or ground, when their volume increased by 6.7% to 789 tons. Over the period under review, imports, however, continue to indicate a abrupt contraction.
In value terms, imports of pepper (of the genus piper), crushed or ground soared to $6.2M in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pepper (of the Genus Piper), Crushed or Ground in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.0 | 2.3 | 2.6 | 3.7 | 22.8% |
| United States | 3.7 | 1.3 | 1.5 | 2.2 | -15.9% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Guatemala | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Total | 6.1 | 4.1 | 4.3 | 6.2 | 0.5% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Mexico in 2022:
- Vietnam (527.3 tons)
- United States (242.3 tons)
- India (15.9 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in Mexico
For the fourth year in a row, Mexico recorded growth in shipments abroad of pepper (of the genus piper), crushed or ground, which increased by 70% to 146 tons in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 688% against the previous year. Over the period under review, the exports of pepper (of genus piper), crushed or ground attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of pepper (of the genus piper), crushed or ground surged to $673K in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 624% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Pepper (of the Genus Piper), Crushed or Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.0 | 305 | 250 | 673 | 152.1% |
| Others | 0.9 | 5.9 | 0.4 | 0.3 | -30.7% |
| Total | 43.0 | 311 | 250 | 673 | 150.1% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Mexico in 2022:
- United States (146.0 tons)
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