Philippines - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPimenta Pepper Price in the Philippines - 2023
Contents:
- Pimenta Pepper Price in the Philippines (CIF) - 2022
- Pimenta Pepper Price in the Philippines (FOB) - 2022
- Pimenta Pepper Imports in the Philippines
- Pimenta Pepper Exports in the Philippines
Pimenta Pepper Price in the Philippines (CIF) - 2022
The average pimenta pepper import price stood at $3,964 per ton in 2022, picking up by 7% against the previous year. Over the period under review, the import price saw a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 79% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($4,717 per ton) and the United States ($4,037 per ton), while the price for Singapore ($3,897 per ton) and Thailand ($3,897 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pimenta Pepper Price in the Philippines (FOB) - 2022
In 2022, the average pimenta pepper export price amounted to $3,734 per ton, growing by 12% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 37%. The export price peaked at $5,900 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Indonesia ($4,703 per ton) and Papua New Guinea ($4,690 per ton), while the average price for exports to Pakistan ($3,478 per ton) and China ($3,478 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.3%), while the prices for the other major destinations experienced a decline.
Pimenta Pepper Imports in the Philippines
In 2022, overseas purchases of pimenta pepper were finally on the rise to reach 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt curtailment.
In value terms, pimenta pepper imports rose significantly to $5.3M in 2022. The total import value increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Pimenta Pepper in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,361 | 3,151 | 3,239 | 2,706 | 4.7% |
| Spain | 649 | 418 | 485 | 994 | 15.3% |
| China | 303 | 418 | 282 | 421 | 11.6% |
| United States | 210 | 335 | 468 | 356 | 19.2% |
| Thailand | 3.4 | 14.3 | 3.0 | 334 | 361.4% |
| Singapore | 152 | 96.2 | 85.5 | 153 | 0.2% |
| Germany | 101 | 185 | 81.7 | 149 | 13.8% |
| South Korea | 121 | 58.1 | 35.0 | 71.1 | -16.2% |
| Others | 141 | 49.9 | 86.2 | 110 | -7.9% |
| Total | 4,041 | 4,727 | 4,766 | 5,294 | 9.4% |
Top Suppliers of Pimenta Pepper to the Philippines in 2022:
- India (686.5 tons)
- Spain (255.1 tons)
- China (106.5 tons)
- United States (88.2 tons)
- Thailand (85.6 tons)
- Singapore (39.3 tons)
- Germany (31.6 tons)
- South Korea (18.2 tons)
Pimenta Pepper Exports in the Philippines
In 2022, shipments abroad of pimenta pepper decreased by -67.8% to 151 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2020 with an increase of 171% against the previous year. As a result, the exports attained the peak of 736 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pimenta pepper exports declined remarkably to $564K in 2022. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Pimenta Pepper in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,602 | 2,283 | 1,542 | 265 | -45.1% |
| Pakistan | N/A | N/A | N/A | 131 | 0% |
| Indonesia | N/A | N/A | N/A | 57.4 | 0% |
| China | N/A | N/A | N/A | 51.7 | 0% |
| Papua New Guinea | N/A | N/A | 2.3 | 50.6 | 2100.0% |
| Others | 1.0 | 3.9 | 25.8 | 7.9 | 99.2% |
| Total | 1,603 | 2,287 | 1,570 | 564 | -29.4% |
Top Export Markets for Pimenta Pepper from the Philippines in 2022:
- Thailand (73.8 tons)
- Pakistan (37.6 tons)
- China (14.9 tons)
- Indonesia (12.2 tons)
- Papua New Guinea (10.8 tons)
This report provides an in-depth analysis of the pimenta pepper market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
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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 the Philippines.
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This report provides an in-depth analysis of the piper pepper market in the Philippines.
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This report provides an in-depth analysis of the spice market in the Philippines.
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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.
465
This report provides an in-depth analysis of the pimenta pepper market in the Philippines.
918
This report provides an in-depth analysis of the piper pepper market in the Philippines.
2929
This report provides an in-depth analysis of the spice market in the Philippines.
904
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.
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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
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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
