Which Countries Import the Most Pepper?
Spices, Aromatic, Drug And Pharmaceutical Crops February 09, 2017
Photo: © Wavebreak Media Ltd / Bigstockphoto
In 2015, the value of total imports on the global pepper market stood at 3,253 million USD, an increase of 497 million USD (or 18%) than on the previous year. Overall, there was an annual increase of +16.2% for the period from 2007 to 2015. In physical terms, the total volume of pepper imports reached 377 thousand tonnes in 2015.
In 2015, according to market research conducted by IndexBox, the U.S. (80 thousand tonnes) was the main destination for pepper imports, accounting for 21% of total imports. It was followed by Viet Nam, Germany (8%, each), India (6%) and Singapore (5%).
From 2007 to 2015, the U.S. expanded with an annual growth rate of +2.9%, however, Viet Nam had the highest rates of growth in terms of imports (+29.2%). India and Singapore posted a positive dynamic, growing by +8.0% and +5.5%, respectively, while Germany showed a decline over the last eight years.
Vet Nam (+7 percentage points) and India (+2 percentage points) strengthened their position in the global import structure, while Germany saw its share reduced from 10% in 2007, to 8% in 2015. The shares of the other countries remained relatively stable throughout the analyzed period.
Top 5 pepper importing countries in 2015
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Source: World: Pepper - Market Report. Analysis And Forecast To 2025
