World - Pepper - Market Analysis, Forecast, Size, Trends and Insights
Global Pepper Market Reached 521K Tonnes in 2015
Photo: © RossHelen / Bigstockphoto
According to market research conducted by IndexBox, the global pepper market showed steady growth, rising from 449 thousand tonnes in 2007 to 521 thousand tonnes in 2015. From 2007 to 2015, it expanded with a CAGR of +1.9%.
The countries with the highest consumption were India (72 thousand tonnes), the U.S. (64 thousand tonnes), Vietnam (55 thousand tonnes) and China (51 thousand tonnes), together comprising near 50% of global consumption. Among the leading consuming countries, high levels of per capita consumption were recorded in Viet Nam (592 g/year in 2015) and Malaysia (532 g/year), significantly higher than the world average of 71 kg/year. In these countries, per capita consumption grew steadily from 2007-2015. The annual growth of per capita consumption from 2007 to 2015 was the most notable in India, with +8.8% growth, then Viet Nam with +4.0% and China with +9.6% growth.
Total global pepper imports totaled 377 thousand tonnes in 2015, expanding at an average annual rate of +2.9% over the period under review. The U.S. (21%, based on physical terms) and then Viet Nam and Germany (8%, each) were the main global destinations for pepper, with a combined share of 37% of total imports in 2015. Viet Nam has always been the largest exporter of pepper; in 2015, however, the country was forced to step up imports due to a cutback in production.
Global exports showed steady growth over the last few years, with mild fluctuations over the period under review. In 2015, global pepper export expanded to 401 thousand tonnes. In value terms, global exports of pepper grew by +15.7% per year from 2007 to 2015, amounting to 3,408 million USD in 2015. In 2015, the main global suppliers of pepper were Viet Nam (32%) and then Indonesia (14%), Brazil (10%) and India (9%). From 2007 to 2015, Viet Nam and Indonesia had the highest annual rate of growth in terms of exports amongst the leaders, with +5.8% and +5.3%, respectively.
Do you want to know more about the global pepper market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- pepper market share
- pepper prices
- pepper industry
- pepper sales
- pepper market forecast
- pepper price forecast
- key pepper producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global pepper market. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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