China - Chilies And Peppers (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina's Chili and Pepper Prices Spike by 22%, Reaching $1,685 per Ton
China Chili And Pepper Export Price in June 2023
In June 2023, the chili and pepper price amounted to $1,685 per ton (FOB, China), increasing by 22% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in February 2023 an increase of 33% m-o-m. Over the period under review, the average export prices reached the maximum in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($1,840 per ton), while the average price for exports to Mongolia ($254 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Chili And Pepper in China (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| Malaysia | 1,766 | 1,350 | 1,787 | 1,755 | 1,681 | 1,360 | 1,223 | 1,345 | 1,262 | 1,601 | 2,000 | 1,646 | 1,840 |
| Vietnam | 1,923 | 1,566 | 1,377 | 1,328 | 1,281 | 1,579 | 1,596 | 1,362 | 1,461 | 1,121 | 1,003 | 1,371 | 1,354 |
| Thailand | 1,164 | 1,032 | 1,088 | 1,136 | 1,286 | 1,228 | 1,118 | 1,102 | 1,018 | 1,053 | 1,864 | 1,294 | 1,223 |
| Russia | 1,198 | 1,159 | 1,092 | 1,141 | 1,080 | 1,066 | 1,104 | 1,119 | 1,213 | 1,299 | 1,247 | 1,252 | 1,195 |
| Kazakhstan | 806 | 1,256 | 800 | 1,241 | 2,200 | 869 | 1,086 | 913 | 1,075 | 1,049 | 1,011 | 1,400 | 1,095 |
| Kyrgyzstan | 1,000 | 1,000 | N/A | 800 | 880 | 911 | 713 | 926 | 1,451 | 1,343 | 1,055 | 949 | 870 |
| Mongolia | 270 | 268 | 267 | 261 | 254 | 251 | 251 | 258 | 266 | 259 | 262 | 260 | 254 |
| Average | 1,334 | 1,101 | 1,314 | 1,132 | 1,213 | 1,183 | 1,341 | 1,100 | 1,463 | 1,631 | 1,188 | 1,376 | 1,685 |
China Chili And Pepper Exports
In June 2023, approximately 13K tons of chilies and peppers (green) were exported from China; which is down by -5.9% against May 2023. Overall, total exports indicated a mild expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports decreased by -4.9% against December 2022 indices. The most prominent rate of growth was recorded in December 2022 when exports increased by 51% against the previous month.
In value terms, chili and pepper exports skyrocketed to $23M (IndexBox estimates) in June 2023. In general, exports, however, showed a noticeable increase. The growth pace was the most rapid in December 2022 when exports increased by 71% against the previous month. Over the period under review, the exports reached the peak figure in June 2023.
China Chili And Pepper Exports by Country
Russia (2.7K tons), Thailand (2K tons) and Mongolia (1.5K tons) were the main destinations of chili and pepper exports from China, with a combined 46% share of total exports.
From June 2022 to June 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (with a CAGR of +5.4%), while the other leaders experienced mixed trend patterns.
In value terms, the largest markets for chili and pepper exported from China were Russia ($3.2M), Thailand ($2.4M) and Vietnam ($914K), with a combined 29% share of total exports. These countries were followed by Malaysia, Kyrgyzstan, Kazakhstan and Mongolia, which together accounted for a further 9.2%.
Kazakhstan, with a CAGR of +5.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the chili and pepper market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 401 - Chillies and peppers (green)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
