Latest Report Update: Jul 16, 2020

World - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Jun 29, 2020

Global Pimenta Pepper Market Grows Robustly for the Seventh Consecutive Year

Webinar: Global Animal Feed Market - Global Outlook & Insights

Join our live webinar to get insights into the global animal feed market.

Thursday, November 12th, 2020 @ 09:00 am ET

Register Now

IndexBox has just published a new report: 'World - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +2.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +64.8% against 2007 indices. Over the period under review, the global market reached the peak level in 2019 and is likely to continue growth in the near future.

Consumption by Country

India (1.4M tonnes) remains the largest pimenta pepper consuming country worldwide, comprising approx. 33% of total volume. Moreover, pimenta pepper consumption in India exceeded the figures recorded by the second-largest consumer, Thailand (326K tonnes), fourfold. The third position in this ranking was occupied by Ethiopia (321K tonnes), with a 7.6% share.

In India, pimenta pepper consumption expanded at an average annual rate of +2.3% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Thailand (+4.7% per year) and Ethiopia (+9.2% per year).

In value terms, India ($2.5B), Ethiopia ($1.8B) and Cote d'Ivoire ($706M) appeared to be the countries with the highest levels of market value in 2019, together comprising 46% of the global market.

The countries with the highest levels of pimenta pepper per capita consumption in 2019 were Cote d'Ivoire (4.86 kg per person), Thailand (4.67 kg per person) and Ghana (3.95 kg per person).

Market Forecast 2019-2030

Driven by increasing demand for pimenta pepper worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.7% for the period from 2019 to 2030, which is projected to bring the market volume to 5.7M tonnes by the end of 2030.

Production

In 2019, approx. 4.3M tonnes of pimenta pepper were produced worldwide; growing by 3.3% against the year before. The total output volume increased at an average annual rate of +3.0% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13% year-to-year. As a result, production attained the peak volume of 4.5M tonnes. From 2018 to 2019, global production growth remained at a lower figure. The general positive trend in terms output was largely conditioned by a temperate increase of the harvested area and tangible growth in yield figures.

Production By Country

India (1.9M tonnes) constituted the country with the largest volume of pimenta pepper production, comprising approx. 43% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, China (329K tonnes), sixfold. Ethiopia (321K tonnes) ranked third in terms of total production with a 7.4% share.

In India, pimenta pepper production expanded at an average annual rate of +3.1% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: China (+2.3% per year) and Ethiopia (+9.2% per year).

Harvested Area

In 2019, approx. 1.8M ha of pimenta pepper were harvested worldwide; remaining relatively unchanged against 2018 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by 6.5% year-to-year. As a result, the harvested area attained the peak level of 1.8M ha; afterwards, it flattened through to 2019.

Yield

The global average pimenta pepper yield expanded modestly to 2.4 tonne per ha in 2019, rising by 2.3% on the previous year's figure. The yield figure increased at an average annual rate of +2.3% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 14% year-to-year. As a result, the yield attained the peak level of 2.4 tonne per ha; afterwards, it flattened through to 2019.

Imports

In 2019, approx. 819K tonnes of pimenta pepper were imported worldwide; increasing by 2.7% compared with the year before. Overall, total imports indicated temperate growth from 2007 to 2019: its volume increased at an average annual rate of +4.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global imports peaked at 830K tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, pimenta pepper imports rose notably to $1.9B (IndexBox estimates) in 2019. Over the period under review, total imports indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +4.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 

Imports by Country

The U.S. (148K tonnes), Viet Nam (112K tonnes), Thailand (85K tonnes), Spain (57K tonnes), Sri Lanka (54K tonnes), Indonesia (43K tonnes) and Malaysia (40K tonnes) represented roughly 66% of total imports of pimenta pepper in 2019. The following importers - Mexico (26K tonnes), Germany (24K tonnes), Japan (14K tonnes) and the UK (14K tonnes) - together made up 9.4% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Viet Nam (+73.7% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pimenta pepper importing markets worldwide were the U.S. ($354M), Viet Nam ($250M) and Thailand ($195M), with a combined 42% share of global imports.

Import Prices by Country

In 2019, the average pimenta pepper import price amounted to $2,322 per tonne, rising by 4.9% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2011 when the average import price increased by 25% year-to-year. As a result, import price attained the peak level of $2,534 per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($4,316 per tonne), while Sri Lanka ($1,273 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 689 - Pimento

This report provides an in-depth analysis of the global pimenta 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.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007-2019
Table 7:
Yield, By Country, 2007-2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007-2019
Figure 25:
Yield, By Country, 2007-2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

Webinar: Global Animal Feed Market - Global Outlook & Insights



Join our live webinar to get insights into the global animal feed market.



Thursday, November 12th, 2020 @ 09:00 am ET


Register

Webinar: Addressing Cooling Challenges in the Oil & Gas Industry - Technology Innovation for Sustainable Development



Join our live webinar to get insights into cooling innovations in the oil and gas industry.



Monday, November 2nd, 2020 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data