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U.S. - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Apr 30, 2023
U.S. Pimenta Pepper Imports Plummet to $36M in Feb. 2023
U.S. Pimenta Pepper Imports
In February 2023, the amount of pimenta pepper imported into the United States contracted to 12K tons, falling by -10.5% against January 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when imports increased by 41% m-o-m. As a result, imports attained the peak of 20K tons. From November 2022 to February 2023, the growth of imports remained at a somewhat lower figure.
In value terms, pimenta pepper imports shrank to $36M (IndexBox estimates) in February 2023. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 with an increase of 41% m-o-m. As a result, imports attained the peak of $47M. From November 2022 to February 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Pimenta Pepper in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Mexico | 7.3 | 7.8 | 5.9 | 6.3 | 5.8 | 4.4 | 4.5 | 9.2 | 12.5 | 10.8 | 7.9 | 9.2 | 8.2 |
| China | 7.8 | 7.2 | 9.2 | 8.9 | 10.0 | 8.2 | 6.8 | 4.6 | 5.5 | 4.4 | 6.7 | 8.4 | 7.0 |
| India | 6.9 | 8.7 | 9.9 | 13.0 | 11.1 | 9.6 | 10.4 | 9.3 | 11.0 | 8.3 | 6.9 | 6.6 | 6.9 |
| Spain | 4.1 | 7.7 | 7.2 | 6.9 | 8.8 | 6.9 | 7.0 | 4.3 | 6.3 | 5.9 | 5.6 | 4.2 | 6.6 |
| Peru | 2.5 | 6.4 | 6.6 | 6.6 | 3.9 | 3.4 | 3.7 | 2.6 | 8.0 | 5.0 | 5.9 | 6.2 | 4.2 |
| Guatemala | 0.1 | 0.2 | 0.2 | N/A | 0.2 | 0.1 | 0.3 | 0.1 | 0.8 | 1.2 | 0.1 | 0.8 | 0.5 |
| Colombia | 0.5 | 0.4 | 0.5 | 0.8 | 0.6 | 0.3 | 0.3 | 0.2 | 0.1 | 0.5 | 0.4 | 0.4 | 0.4 |
| Others | 3.9 | 2.9 | 3.4 | 3.4 | 2.7 | 3.1 | 3.5 | 3.3 | 3.4 | 4.7 | 2.8 | 2.5 | 2.3 |
| Total | 33.1 | 41.4 | 42.9 | 45.8 | 43.0 | 36.1 | 36.4 | 33.6 | 47.4 | 40.8 | 36.3 | 38.2 | 36.1 |
Imports by Country
Mexico (4.6K tons), China (2.5K tons) and India (1.7K tons) were the main suppliers of pimenta pepper imports to the United States, together comprising 70% of total imports. These countries were followed by Spain, Peru, Colombia and Guatemala, which together accounted for a further 26%.
From February 2022 to February 2023, the biggest increases were in Guatemala (with a CAGR of +20.3%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($8.2M), China ($7M) and India ($6.9M) constituted the largest pimenta pepper suppliers to the United States, with a combined 61% share of total imports. Spain, Peru, Guatemala and Colombia lagged somewhat behind, together comprising a further 32%.
Guatemala, with a CAGR of +11.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In February 2023, the pimenta pepper price stood at $2,904 per ton (CIF, US), with an increase of 5.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 11% m-o-m. The import price peaked at $2,958 per ton in June 2022; however, from July 2022 to February 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Spain ($4,250 per ton), while the price for Colombia ($1,208 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by India (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the pimenta pepper market in the U.S.. 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:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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 2012-2022
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, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Yield And Growth
Figure 16:
Exports And Growth
Figure 17:
Export Prices And Growth
Figure 18:
Market Size And Growth
Figure 19:
Per Capita Consumption
Figure 20:
Imports And Growth
Figure 21:
Import Prices
Figure 22:
Production, In Physical Terms, 2012–2022
Figure 23:
Production, In Value Terms, 2012–2022
Figure 24:
Area Harvested, 2012–2022
Figure 25:
Yield, 2012–2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country Of Origin, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, By Country Of Destination, 2012–2022
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