India's Exports of Pepper Increased to $735.4M in 2014

Spices, Aromatic, Drug And Pharmaceutical Crops June 15, 2015
Author: Alexander Romanenko
Chief Executive Officer

India dominates in the global pepper trade, significantly strengthening its position in the global export structure from 20.6% in 2007 to 29.9% in 2014. Its primary trading partner in 2014 was the U.S., where it supplied 17.8% of its total pepper exports, accounting for 15.6% of total U.S. imports.

Overall, the global pepper trade reached 2.5 billion USD, with a CAGR of 3.6% from 2007 to 2014. In physical terms, it showed a steady decline, falling from 801.8 thousand tonnes in 2007 to 719.7 thousand tonnes in 2014.
In 2014, the U.S. (25.6%), Germany (9.1%), Singapore (7.2%), India (5.6%) and Japan (4.6%) were the leading destinations of pepper imports, together making up 52.0% of global imports.

While India and Brazil led the way with a combined share of 42% of total global exports of pepper, the fastest growing exporters from 2007 to 2014 were Singapore (+17.9% per year) and Mexico (14.4% per year).

Source: World: Pepper - Market Report. Analysis And Forecast To 2020