Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States - 2023
Contents:
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States (CIF) - 2023
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States (FOB) - 2023
- Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States
- Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States (CIF) - 2023
The average import price for pepper of the genus piper, neither crushed nor ground stood at $4,289 per ton in December 2023, therefore, remained relatively stable against the previous month. Overall, the import price showed a mild decline. The growth pace was the most rapid in August 2023 when the average import price increased by 4.5% month-to-month. The import price peaked at $5,086 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the countries with the highest prices were Indonesia ($5,188 per ton) and India ($4,631 per ton), while the price for Brazil ($3,689 per ton) and Vietnam ($4,147 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States (FOB) - 2023
The average export price for pepper of the genus piper, neither crushed nor ground stood at $3,110 per ton in December 2023, leveling off at the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 29% against the previous month. As a result, the export price reached the peak level of $3,567 per ton. From November 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Singapore ($8,074 per ton), while the average price for exports to South Korea ($1,852 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.4%), 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 the United States
In 2022, overseas purchases of pepper of the genus piper, neither crushed nor ground decreased by -10.8% to 58K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 2.8% against the previous year.
In value terms, imports of pepper of the genus piper, neither crushed nor ground surged to $282M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 125 | 108 | 159 | 207 | 18.3% |
| Indonesia | 18.3 | 19.5 | 27.5 | 34.7 | 23.8% |
| Brazil | 20.9 | 28.8 | 33.3 | 22.5 | 2.5% |
| India | 7.5 | 5.1 | 12.9 | 8.4 | 3.8% |
| Others | 14.2 | 11.6 | 11.4 | 9.8 | -11.6% |
| Total | 186 | 173 | 244 | 282 | 14.9% |
Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to the United States in 2022:
- Vietnam (43.7K tons)
- Indonesia (6.7K tons)
- Brazil (5.1K tons)
- India (1.4K tons)
Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States
In 2022, the amount of pepper of the genus piper, neither crushed nor ground exported from the United States stood at 5.1K tons, increasing by 5.8% compared with 2021 figures. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. Over the period under review, the exports of pepper of genus piper, neither crushed nor ground hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of pepper of the genus piper, neither crushed nor ground expanded rapidly to $17M in 2022. The total export value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 14% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 6.3 | 6.8 | 7.9 | 8.4 | 10.1% |
| South Korea | 0.6 | 1.5 | 1.4 | 1.2 | 26.0% |
| Mexico | 0.9 | 0.7 | 0.8 | 1.0 | 3.6% |
| El Salvador | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Bahamas | N/A | 0.1 | 0.4 | 0.7 | 164.6% |
| Taiwan (Chinese) | 0.6 | 0.6 | 0.8 | 0.5 | -5.9% |
| United Kingdom | 0.6 | 0.7 | 0.4 | 0.5 | -5.9% |
| Nigeria | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Kuwait | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| United Arab Emirates | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Others | 2.3 | 1.8 | 2.1 | 2.7 | 5.5% |
| Total | 11.9 | 13.0 | 14.8 | 16.7 | 12.0% |
Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from the United States in 2022:
- Canada (2294.8 tons)
- South Korea (550.0 tons)
- Bahamas (364.1 tons)
- Mexico (344.5 tons)
- United Kingdom (173.9 tons)
- Taiwan (Chinese) (168.5 tons)
- Kuwait (125.3 tons)
- Nigeria (122.6 tons)
- El Salvador (109.2 tons)
- United Arab Emirates (73.6 tons)
747
This report provides an in-depth analysis of the piper pepper market in the U.S..
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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.
747
This report provides an in-depth analysis of the piper pepper market in the U.S..
1550
This report provides an in-depth analysis of the spice market in the U.S..
561
This report provides an in-depth analysis of the pimenta pepper market in the U.S..
6825
This report provides an in-depth analysis of the global piper pepper market.
589
In November 2022, the piper pepper price amounted to $5,223 per ton (CIF, US), waning by -2% against the previous month.
1047
In August 2022, the spice price per ton stood at $4,278, with an increase of 4.1% against the previous month.
498
In Apr 2022, the average import spice price per ton amounted to $4,490, rising by 8.6% against the previous month.
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In February 2023, the price of pimenta pepper was registered at $2,904 per metric ton, with a 5.5% increase compared to the previous month (CIF, US).
1177
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5188
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
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Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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
15301
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%.
