Nigeria - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPimenta Pepper Price in Nigeria - 2022
Contents:
- Pimenta Pepper Price in Nigeria (CIF) - 2022
- Pimenta Pepper Price in Nigeria (FOB) - 2022
- Pimenta Pepper Imports in Nigeria
- Pimenta Pepper Exports in Nigeria
Pimenta Pepper Price in Nigeria (CIF) - 2022
In 2022, the average pimenta pepper import price amounted to $2,181 per ton, falling by -22.1% against the previous year. In general, the import price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 78% against the previous year. The import price peaked at $3,765 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($3,751 per ton), while the price for China ($1,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Pimenta Pepper Price in Nigeria (FOB) - 2022
In 2022, the average pimenta pepper export price amounted to $1,677 per ton, picking up by 214% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $6,249 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,334 per ton), while the average price for exports to Mali ($147 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.8%), while the prices for the other major destinations experienced a decline.
Pimenta Pepper Imports in Nigeria
After three years of growth, purchases abroad of pimenta pepper decreased by -7.2% to 168 tons in 2022. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 312% against the previous year. As a result, imports attained the peak of 181 tons, and then dropped in the following year.
In value terms, pimenta pepper imports reduced notably to $366K in 2022. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 207%. As a result, imports attained the peak of $507K, and then fell significantly in the following year.
| Import of Pimenta Pepper in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.3 | N/A | 76.9 | 130 | 99.8% |
| Lebanon | N/A | N/A | 46.0 | 118 | 156.5% |
| Spain | 0.9 | 121 | 264 | 82.5 | 350.9% |
| China | 2.0 | N/A | 24.0 | 5.2 | 37.5% |
| Hungary | 44.6 | 27.5 | 92.5 | N/A | 44.0% |
| Others | 1.8 | 16.3 | 3.2 | 31.2 | 158.8% |
| Total | 65.7 | 165 | 507 | 366 | 77.3% |
Top Suppliers of Pimenta Pepper to Nigeria in 2022:
- Lebanon (99.9 tons)
- India (35.5 tons)
- Spain (22.0 tons)
- China (5.0 tons)
Pimenta Pepper Exports in Nigeria
In 2022, shipments abroad of pimenta pepper decreased by -58% to 194 tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 15,757% against the previous year. As a result, the exports attained the peak of 462 tons, and then contracted rapidly in the following year.
In value terms, pimenta pepper exports surged to $325K in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,255%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Pimenta Pepper in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | 0.6 | 29.0 | 168 | 1573.3% | |
| Netherlands | 0.1 | 3.8 | 102 | 3093.7% | |
| Germany | 0.8 | 19.0 | 38.0 | 589.2% | |
| Mali | N/A | N/A | 16.6 | 0% | |
| Spain | 2.7 | 32.6 | N/A | 1107.4% | |
| Malaysia | N/A | 5.5 | N/A | 0% | |
| Italy | 0.5 | 13.9 | N/A | 2680.0% | |
| United States | 2.2 | 12.0 | N/A | 445.5% | |
| Others | 11.2 | 131 | N/A | 1069.6% | |
| Total | 18.2 | 246 | 325 | 322.6% | |
Top Export Markets for Pimenta Pepper from Nigeria in 2022:
- Mali (112.8 tons)
- United Kingdom (45.0 tons)
- Netherlands (30.0 tons)
- Germany (6.0 tons)
This report provides an in-depth analysis of the pimenta pepper market in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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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This report provides an in-depth analysis of the pimenta pepper market in Nigeria.
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This report provides an in-depth analysis of the piper pepper market in Nigeria.
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This report provides an in-depth analysis of the spice market in Nigeria.
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This report provides an in-depth analysis of the global pimenta pepper market.
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This report provides an in-depth analysis of the global piper pepper market.
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This report provides an in-depth analysis of the global spice market.
566
This report provides an in-depth analysis of the pimenta pepper market in Nigeria.
925
This report provides an in-depth analysis of the piper pepper market in Nigeria.
3747
This report provides an in-depth analysis of the spice market in Nigeria.
897
This report provides an in-depth analysis of the global pimenta pepper market.
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The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This...
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Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
4996
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
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Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
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From 2007 to 2015, global exports on the pepper market surged by +X% per year, amounting to X million USD in 2015. This was X million USD (X%) more than in 2014. In physical terms, exports stood at X thousand to
15093
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. From 2007 to 2015, it expanded with a CAGR of +X%.
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In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
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According to market research conducted by IndexBox, global pepper production was estimated at X thousand tons in 2015, an increase of X thousand tons than in 2014. In value terms, production reached record levels, increasing to X million USD
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India dominates in the global pepper trade. In 2014, India exported X thousand tons of pepper totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total pepper exports in value
