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India - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Mar 6, 2023
Pimenta Pepper Price Stands at $2,842 per Ton
India Pimenta Pepper Export Price in November 2022
In November 2022, the pimenta pepper price amounted to $2,842 per ton (FOB, India), stabilizing at the previous month. Over the period from January 2022 to November 2022, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices hit record highs at $3,023 per ton in August 2022; however, from September 2022 to November 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2022, the country with the highest price was Malaysia ($4,036 per ton), while the average price for exports to Vietnam ($1,489 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
India Pimenta Pepper Exports
In November 2022, approximately 35K tons of pimenta pepper were exported from India; with an increase of 10% against the previous month. Over the period under review, total exports indicated a pronounced expansion from January 2022 to November 2022: its volume increased at an average monthly rate of +2.0% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, exports decreased by -17.0% against September 2022 indices. The growth pace was the most rapid in September 2022 when exports increased by 55% month-to-month. Over the period under review, the exports reached the peak figure at 48K tons in March 2022; however, from April 2022 to November 2022, the exports stood at a somewhat lower figure.
In value terms, pimenta pepper exports reached $98M (IndexBox estimates) in November 2022. In general, total exports indicated a pronounced increase from January 2022 to November 2022: its value increased at an average monthly rate of +4.4% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, exports decreased by -18.0% against September 2022 indices. The pace of growth was the most pronounced in July 2022 with an increase of 52% m-o-m. Over the period under review, the exports attained the peak figure at 120K tons in September 2022; however, from October 2022 to November 2022, the exports failed to regain momentum.
India Pimenta Pepper Exports by Country
Thailand (7.4K tons), Indonesia (6K tons) and China (5.9K tons) were the main destinations of pimenta pepper exports from India, together comprising 56% of total exports. Sri Lanka, Bangladesh, the United States, Malaysia, the United Arab Emirates, Saudi Arabia, Vietnam and Nepal lagged somewhat behind, together comprising a further 35%.
From January 2022 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +44.3%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for pimenta pepper exported from India were Thailand ($21M), Indonesia ($18M) and China ($16M), with a combined 56% share of total exports. Sri Lanka, Bangladesh, the United States, Malaysia, the United Arab Emirates, Saudi Arabia, Vietnam and Nepal lagged somewhat behind, together accounting for a further 34%.
In terms of the main countries of destination, Vietnam, with a CAGR of +32.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Pimenta Pepper Market Overview
Pimenta peppers are one of the most popular spices in India. They are used to add flavor and heat to dishes, and are also a key ingredient in many traditional medicines. In general, pimenta peppers that are grown in India tend to be more affordable than those grown elsewhere. However, the price of pimenta peppers can also be affected by supply and demand, as well as other factors such as weather conditions.
The main drivers for this market are the ever-increasing population and the growing demand for processed food in the country. India is one of the world's largest producers and consumers of pimenta peppers, with a production volume of around 1.7 million metric tons in 2022. The majority of the country's production is consumed domestically, with only a small percentage being exported to other countries. The growing processed food industry in India is one of the main drivers for the pimenta pepper market.
This report provides an in-depth analysis of the pimenta pepper market in India. 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 689 - Pimento
Country coverage:
• India
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
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. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Area Harvested, 2012–2022
Figure 24:
Yield, 2012–2022
Figure 25:
Imports, In Physical Terms, 2012–2022
Figure 26:
Imports, In Value Terms, 2012–2022
Figure 27:
Imports, In Physical Terms, By Country, 2022
Figure 28:
Imports, In Physical Terms, By Country, 2012–2022
Figure 29:
Imports, In Value Terms, By Country, 2012–2022
Figure 30:
Import Prices, By Country Of Origin, 2012–2022
Figure 31:
Exports, In Physical Terms, 2012–2022
Figure 32:
Exports, In Value Terms, 2012–2022
Figure 33:
Exports, In Physical Terms, By Country, 2022
Figure 34:
Exports, In Physical Terms, By Country, 2012–2022
Figure 35:
Exports, In Value Terms, By Country, 2012–2022
Figure 36:
Export Prices, By Country Of Destination, 2012–2022
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