Price for Pepper (of the Genus Piper), Crushed or Ground in Estonia - 2023

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Estonia (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Estonia (FOB) - 2022
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Estonia
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Estonia

Price for Pepper (of the Genus Piper), Crushed or Ground in Estonia (CIF) - 2022

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $6,762 per ton, increasing by 26% against the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $11,415 per ton. From 2016 to 2022, the average 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 Latvia ($10,153 per ton), while the price for Vietnam ($5,409 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pepper (of the Genus Piper), Crushed or Ground in Estonia (FOB) - 2022

The average export price for pepper (of the genus piper), crushed or ground stood at $13,560 per ton in 2022, with an increase of 6.7% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum at $17,297 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($32,155 per ton), while the average price for exports to Finland ($5,011 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 Sweden (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pepper (of the Genus Piper), Crushed or Ground in Estonia

In 2022, supplies from abroad of pepper (of the genus piper), crushed or ground decreased by -7.9% to 282 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 4.7% against the previous year. As a result, imports attained the peak of 306 tons, and then contracted in the following year.

In value terms, imports of pepper (of the genus piper), crushed or ground surged to $1.9M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Pepper (of the Genus Piper), Crushed or Ground in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam72249161298410.9%
Sweden12.4345350490240.6%
Latvia11727126818015.4%
Lithuania9.615819895.8115.3%
Germany8.839.759.249.978.3%
India308N/A0.1N/A-98.2%
Indonesia262N/AN/AN/A0%
Others152171153105-11.6%
Total1,5931,4771,6401,9056.1%

Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Estonia in 2022:

  1. Vietnam (181.9 tons)
  2. Sweden (56.2 tons)
  3. Latvia (17.7 tons)
  4. Lithuania (10.5 tons)
  5. Germany (6.0 tons)

Exports of Pepper (of the Genus Piper), Crushed or Ground in Estonia

For the third year in a row, Estonia recorded decline in shipments abroad of pepper (of the genus piper), crushed or ground, which decreased by -9% to 131 tons in 2022. Over the period under review, exports continue to indicate a deep contraction. The smallest decline of -2.3% was in 2021.

In value terms, exports of pepper (of the genus piper), crushed or ground declined modestly to $1.8M in 2022. Overall, exports recorded a deep contraction.

Export of Pepper (of the Genus Piper), Crushed or Ground in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Sweden1,079856838764-10.9%
Lithuania4074784935218.6%
Latvia2923283533132.3%
Norway58.470.877.887.014.2%
Finland36.731.921.042.65.1%
BelgiumN/AN/AN/A31.30%
Russia19611722.5N/A-66.1%
Others48.421.223.015.1-32.2%
Total2,1181,9021,8281,775-5.7%

Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Estonia in 2022:

  1. Sweden (75.0 tons)
  2. Norway (16.3 tons)
  3. Lithuania (16.2 tons)
  4. Latvia (11.4 tons)
  5. Finland (8.5 tons)
  6. Belgium (2.4 tons)

Source: IndexBox Market Intelligence Platform

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