United Kingdom - Chilies And Peppers (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChili and Pepper Price in the UK - 2023
Contents:
- Chili and Pepper Price in the UK (CIF) - 2023
- Chili and Pepper Price in the UK (FOB) - 2022
- Chili and Pepper Imports in the UK
- Chili and Pepper Exports in the UK
Chili and Pepper Price in the UK (CIF) - 2023
In June 2023, the average chili and pepper import price amounted to $2,666 per ton, with a decrease of -5.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 17% against the previous month. The import price peaked at $3,099 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,780 per ton), while the price for Turkey ($1,549 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Chili and Pepper Price in the UK (FOB) - 2022
In 2022, the average chili and pepper export price amounted to $4,727 per ton, rising by 19% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper export price increased by +57.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 58% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($5,775 per ton), while the average price for exports to Poland ($2,121 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Chili and Pepper Imports in the UK
In 2022, imports of chilies and peppers (green) into the UK rose markedly to 241K tons, increasing by 5.2% on the previous year's figure. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 8.3%. As a result, imports attained the peak of 257K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, chili and pepper imports amounted to $518M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 13%. As a result, imports reached the peak of $522M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Chili and Pepper in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 234 | 257 | 231 | 231 | -0.4% |
| Spain | 163 | 195 | 203 | 224 | 11.2% |
| Morocco | 1.4 | 2.7 | 7.1 | 17.4 | 131.6% |
| Turkey | 4.7 | 5.9 | 10.4 | 10.5 | 30.7% |
| Belgium | 5.4 | 5.5 | 2.3 | 8.6 | 16.8% |
| Germany | 26.2 | 27.2 | 1.4 | 1.2 | -64.2% |
| Others | 29.6 | 28.8 | 41.5 | 26.0 | -4.2% |
| Total | 463 | 522 | 496 | 518 | 3.8% |
Top Suppliers of Chili and Pepper to the UK in 2022:
- Spain (116.6K tons)
- Netherlands (95.7K tons)
- Morocco (7.8K tons)
- Turkey (5.2K tons)
- Belgium (4.4K tons)
- Germany (0.4K tons)
Chili and Pepper Exports in the UK
For the third year in a row, the UK recorded decline in shipments abroad of chilies and peppers (green), which decreased by -23% to 384 tons in 2022. Overall, exports saw a sharp curtailment.
In value terms, chili and pepper exports dropped to $1.8M in 2022. In general, exports showed a sharp reduction.
| Export of Chili and Pepper in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 4,052 | 2,922 | 1,610 | 1,184 | -33.6% |
| Netherlands | 562 | 233 | 258 | 183 | -31.2% |
| United Arab Emirates | 33.4 | 28.1 | 18.0 | 136 | 59.7% |
| Spain | 121 | 147 | 8.6 | 54.6 | -23.3% |
| Poland | 329 | 216 | N/A | 3.6 | -77.8% |
| United States | 1,510 | N/A | N/A | N/A | 0% |
| Canada | 187 | 18.0 | 10.1 | N/A | -76.8% |
| Others | 1,059 | 136 | 73.4 | 253 | -38.0% |
| Total | 7,852 | 3,701 | 1,978 | 1,815 | -38.6% |
Top Export Markets for Chili and Pepper from the UK in 2022:
- Ireland (205.1 tons)
- Netherlands (57.9 tons)
- United Arab Emirates (36.3 tons)
- Spain (15.6 tons)
- Poland (1.7 tons)
This report provides an in-depth analysis of the chili and pepper market in the UK. 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 401 - Chillies and peppers (green)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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