Price for Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR - 2023
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR (CIF) - 2023
- Price for Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR (FOB) - 2022
- Imports of Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR
- Exports of Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR
Price for Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR (CIF) - 2023
The average import price for pepper (of the genus piper), crushed or ground stood at $7,304 per ton in November 2023, growing by 53% against the previous month. In general, import price indicated a noticeable expansion from November 2022 to November 2023: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for pepper (of the genus piper), crushed or ground increased by +53.0% against October 2023 indices. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 61% month-to-month. The import price peaked at $9,088 per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($20,918 per ton), while the price for China ($1,325 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR (FOB) - 2022
The average export price for pepper (of the genus piper), crushed or ground stood at $9,011 per ton in 2022, increasing by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2013 when the average export price increased by 42%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($12,856 per ton), while the average price for exports to Trinidad and Tobago ($4,921 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 Vietnam (+47.3%), 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 Hong Kong SAR
In 2022, approx. 629 tons of pepper (of the genus piper), crushed or ground were imported into Hong Kong SAR; with a decrease of -21.8% on 2021 figures. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year.
In value terms, imports of pepper (of the genus piper), crushed or ground shrank to $3.5M in 2022. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of $4M, and then fell in the following year.
| Import of Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,017 | 1,122 | 1,123 | 1,545 | 15.0% |
| United States | 663 | 626 | 421 | 587 | -4.0% |
| Italy | 6.2 | 254 | 286 | 399 | 300.7% |
| Indonesia | 1,167 | 791 | 1,700 | 398 | -30.1% |
| Thailand | 47.8 | 88.1 | 106 | 224 | 67.3% |
| Taiwan (Chinese) | 92.3 | 26.9 | 40.8 | 64.3 | -11.4% |
| Malaysia | 579 | 7.3 | 17.2 | 4.9 | -79.6% |
| Others | 327 | 328 | 330 | 282 | -4.8% |
| Total | 3,898 | 3,243 | 4,024 | 3,504 | -3.5% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Hong Kong SAR in 2022:
- China (387.7 tons)
- Indonesia (78.6 tons)
- Italy (65.1 tons)
- Thailand (32.0 tons)
- United States (31.7 tons)
- Taiwan (Chinese) (8.7 tons)
- Malaysia (0.5 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of pepper (of the genus piper), crushed or ground, which decreased by -19.3% to 119 tons in 2022. Overall, exports recorded a abrupt shrinkage. The smallest decline of -3.7% was in 2021.
In value terms, exports of pepper (of the genus piper), crushed or ground reduced to $1.1M in 2022. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year.
| Export of Pepper (of the Genus Piper), Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 411 | 282 | 309 | 332 | -6.9% |
| China | 502 | 342 | 448 | 283 | -17.4% |
| Canada | 137 | 134 | 129 | 211 | 15.5% |
| United States | 335 | 142 | 251 | 122 | -28.6% |
| Netherlands | 9.5 | 31.8 | 15.5 | 50.4 | 74.4% |
| Australia | 26.4 | 20.5 | 19.4 | 23.1 | -4.4% |
| Trinidad and Tobago | 21.3 | 24.0 | 9.7 | 16.0 | -9.1% |
| United Kingdom | 37.5 | 11.6 | 17.5 | 4.0 | -52.6% |
| Others | 48.5 | 50.4 | 16.6 | 33.7 | -11.4% |
| Total | 1,529 | 1,038 | 1,215 | 1,076 | -11.1% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Hong Kong SAR in 2022:
- China (32.3 tons)
- Canada (31.6 tons)
- Macao SAR (25.9 tons)
- United States (13.1 tons)
- Netherlands (5.8 tons)
- Trinidad and Tobago (3.3 tons)
- Australia (2.7 tons)
- United Kingdom (0.7 tons)
354
This report provides an in-depth analysis of the piper pepper market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the spice market in Hong Kong SAR, China.
383
This report provides an in-depth analysis of the pimenta pepper market in Hong Kong SAR, China.
6769
This report provides an in-depth analysis of the global piper pepper market.
5109
This report provides an in-depth analysis of the global spice market.
912
This report provides an in-depth analysis of the global pimenta pepper market.
354
This report provides an in-depth analysis of the piper pepper market in Hong Kong SAR, China.
626
This report provides an in-depth analysis of the spice market in Hong Kong SAR, China.
383
This report provides an in-depth analysis of the pimenta pepper market in Hong Kong SAR, China.
6769
This report provides an in-depth analysis of the global piper pepper market.
1142
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5043
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6438
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1184
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
3820
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
15152
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
1469
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
1230
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
997
India dominates in the global pepper trade, significantly strengthening its position in the global export structure from X% in 2007 to X% in 2014. Its primary trading partner in 2014 was the U.S., where it supplied X% of its total pepper expor
