Asia-Pacific: Chili And Pepper Market 2024

Chili And Pepper Market Size in Asia-Pacific

The Asia-Pacific chili and pepper market fell to $X in 2023, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Chili And Pepper Production in Asia-Pacific

In value terms, chili and pepper production fell modestly to $X in 2023 estimated in export price. The total production indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

The country with the largest volume of chili and pepper production was China (X tons), accounting for X% of total volume. Moreover, chili and pepper production in China exceeded the figures recorded by the second-largest producer, Indonesia (X tons), sixfold.

In China, chili and pepper production remained relatively stable over the period from 2012-2023.

In 2023, the average yield of chilies and peppers (green) in Asia-Pacific was estimated at X tons per ha, approximately mirroring 2022. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2023, the growth of the chili and pepper yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the chili and pepper harvested area in Asia-Pacific fell to X ha, approximately equating 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production reached the peak figure at X ha in 2022, and then contracted slightly in the following year.

Chili And Pepper Exports

Exports in Asia-Pacific

In 2023, the amount of chilies and peppers (green) exported in Asia-Pacific totaled X tons, picking up by X% on 2022 figures. In general, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, chili and pepper exports expanded significantly to $X in 2023. Total exports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

China was the major exporter of chilies and peppers (green) in Asia-Pacific, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. India (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%), South Korea (X%), Vietnam (X%), Cambodia (X%) and Myanmar (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest chili and pepper supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Chili And Pepper Imports

Imports in Asia-Pacific

After three years of growth, supplies from abroad of chilies and peppers (green) decreased by X% to X tons in 2023. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, chili and pepper imports dropped to $X in 2023. Total imports indicated mild growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Malaysia (X tons) and Thailand (X tons) represented roughly X% of total imports in 2023. China (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%) and Singapore (X%). Brunei Darussalam (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chili and pepper importing markets in Asia-Pacific were Thailand ($X), Japan ($X) and Malaysia ($X), together accounting for X% of total imports. Singapore, China, South Korea and Brunei Darussalam lagged somewhat behind, together comprising a further X%.

Among the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform