Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey - 2024

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey (CIF) - 2024
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey (FOB) - 2024
  3. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey
  4. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey (CIF) - 2024

In January 2024, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $2,237 per ton, shrinking by -7.3% against the previous month. Over the period under review, the import price recorded a mild contraction. The pace of growth appeared the most rapid in July 2023 an increase of 22% month-to-month. The import price peaked at $2,837 per ton in September 2023; however, from October 2023 to January 2024, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($3,302 per ton), while the price for Vietnam ($1,884 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Iran (+7.2%), while the prices for the other major suppliers experienced a decline.

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey (FOB) - 2024

The average export price for pepper of the genus piper, neither crushed nor ground stood at $3,673 per ton in January 2024, reducing by -9.7% against the previous month. Overall, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in November 2023 an increase of 96% against the previous month. The export price peaked at $7,613 per ton in March 2023; however, from April 2023 to January 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was the UK ($8,727 per ton), while the average price for exports to Egypt ($2,669 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey

Imports of pepper of the genus piper, neither crushed nor ground into Turkey declined significantly to 6.3K tons in 2022, falling by -26.3% against the year before. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports reached the peak of 8.6K tons, and then contracted remarkably in the following year.

In value terms, imports of pepper of the genus piper, neither crushed nor ground contracted significantly to $16M in 2022. Overall, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.0% 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 +29.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, imports reached the peak of $19M, and then dropped markedly in the following year.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam8.57.010.27.7-3.2%
Brazil4.83.35.26.28.9%
India0.20.50.50.644.2%
MadagascarN/A0.60.90.4-18.4%
IranN/A0.10.20.4100.0%
Malaysia0.1N/AN/A0.10.0%
Others0.60.71.60.2-30.7%
Total14.412.118.615.72.9%

Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Turkey in 2022:

  1. Vietnam (2640.0 tons)
  2. Brazil (2351.5 tons)
  3. Iran (733.5 tons)
  4. India (236.6 tons)
  5. Madagascar (162.1 tons)
  6. Malaysia (126.4 tons)

Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey

In 2022, approx. 951 tons of pepper of the genus piper, neither crushed nor ground were exported from Turkey; surging by 11% on 2021 figures. Over the period under review, exports, however, showed a abrupt descent.

In value terms, exports of pepper of the genus piper, neither crushed nor ground stood at $5.6M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. 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.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States8908462,3381,51019.3%
Egypt30.359.41491,210241.8%
Syrian Arab Republic54445045477012.3%
United Kingdom1,1241,209761601-18.8%
LibyaN/A9.347.8303470.8%
Azerbaijan14031.61681563.7%
Iraq47657498.9121-36.7%
Algeria287N/A48.5N/A-58.9%
Others9021,5291,278892-0.4%
Total4,3944,7085,3425,5628.2%

Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Turkey in 2022:

  1. Egypt (287.1 tons)
  2. Syrian Arab Republic (169.3 tons)
  3. United States (153.5 tons)
  4. Libya (82.2 tons)
  5. United Kingdom (75.6 tons)
  6. Iraq (29.9 tons)
  7. Azerbaijan (29.2 tons)

Source: IndexBox Market Intelligence Platform

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