Price for Pepper (of the Genus Piper), Crushed or Ground in India - 2023
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in India (FOB) - 2023
- Price for Pepper (of the Genus Piper), Crushed or Ground in India (CIF) - 2022
- Exports of Pepper (of the Genus Piper), Crushed or Ground in India
- Imports of Pepper (of the Genus Piper), Crushed or Ground in India
Price for Pepper (of the Genus Piper), Crushed or Ground in India (FOB) - 2023
In November 2023, the average export price for pepper (of the genus piper), crushed or ground amounted to $5,154 per ton, surging by 3.2% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 12% m-o-m. The export price peaked in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($7,346 per ton), while the average price for exports to the Dominican Republic ($3,815 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Pepper (of the Genus Piper), Crushed or Ground in India (CIF) - 2022
In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $6,523 per ton, with an increase of 85% against the previous year. Overall, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2016 an increase of 224%. As a result, import price reached the peak level of $12,502 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($12,118 per ton), while the price for the Netherlands ($3,279 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pepper (of the Genus Piper), Crushed or Ground in India
In 2022, the amount of pepper (of the genus piper), crushed or ground exported from India fell notably to 8.8K tons, shrinking by -22.7% against the year before. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of 11K tons, and then contracted significantly in the following year.
In value terms, exports of pepper (of the genus piper), crushed or ground reduced slightly to $43M in 2022. Over the period under review, total exports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. As a result, the exports attained the peak of $46M, and then declined slightly in the following year.
| Export of Pepper (of the Genus Piper), Crushed or Ground in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.3 | 13.5 | 24.5 | 21.5 | 0.3% |
| United Kingdom | 3.9 | 3.0 | 3.7 | 4.5 | 4.9% |
| Canada | 2.7 | 2.8 | 3.3 | 3.7 | 11.1% |
| Australia | 1.2 | 1.0 | 2.1 | 1.4 | 5.3% |
| Philippines | 0.8 | 0.7 | 1.3 | 1.1 | 11.2% |
| United Arab Emirates | 0.6 | 0.6 | 0.5 | 0.9 | 14.5% |
| Ghana | N/A | N/A | N/A | 0.8 | 0% |
| Netherlands | 0.7 | 0.6 | 1.0 | 0.8 | 4.6% |
| China | 1.0 | 0.6 | 0.9 | 0.8 | -7.2% |
| Spain | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
| Oman | 0.2 | 0.3 | 0.4 | N/A | 41.4% |
| Others | 6.0 | 5.7 | 7.7 | 7.7 | 8.7% |
| Total | 38.7 | 29.3 | 45.6 | 43.5 | 4.0% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from India in 2022:
- United States (4283.7 tons)
- United Kingdom (857.2 tons)
- Canada (706.4 tons)
- Ghana (321.1 tons)
- Australia (298.2 tons)
- Philippines (257.2 tons)
- United Arab Emirates (250.8 tons)
- China (130.8 tons)
- Netherlands (102.6 tons)
- Spain (90.2 tons)
- Oman (19.8 tons)
Imports of Pepper (of the Genus Piper), Crushed or Ground in India
After two years of decline, supplies from abroad of pepper (of the genus piper), crushed or ground increased by 152% to 82 tons in 2022. Over the period under review, imports, however, recorded a perceptible decrease.
In value terms, imports of pepper (of the genus piper), crushed or ground surged to $536K in 2022. Overall, imports enjoyed a modest increase. 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 India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 150 | 0% |
| Indonesia | N/A | N/A | N/A | 130 | 0% |
| Sri Lanka | N/A | N/A | 2.5 | 126 | 4940.0% |
| France | N/A | N/A | N/A | 70.3 | 0% |
| Netherlands | 27.5 | N/A | 0.7 | 27.4 | -0.1% |
| Denmark | N/A | N/A | N/A | 26.5 | 0% |
| United States | 219 | 253 | 0.1 | 0.8 | -84.6% |
| United Arab Emirates | 50.2 | 5.8 | 111 | 0.5 | -78.5% |
| United Kingdom | 129 | N/A | 0.1 | N/A | -97.2% |
| Others | 92.1 | 89.8 | 0.7 | 4.3 | -64.0% |
| Total | 518 | 349 | 115 | 536 | 1.1% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to India in 2022:
- Vietnam (26.5 tons)
- Sri Lanka (19.1 tons)
- Indonesia (15.0 tons)
- France (8.5 tons)
- Netherlands (8.4 tons)
- Denmark (3.8 tons)
- United States (0.1 tons)
- United Arab Emirates (0.1 tons)
1281
This report provides an in-depth analysis of the piper pepper market in India.
1864
This report provides an in-depth analysis of the spice market in India.
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This report provides an in-depth analysis of the pimenta pepper market in India.
6769
This report provides an in-depth analysis of the global piper pepper market.
5119
This report provides an in-depth analysis of the global spice market.
914
This report provides an in-depth analysis of the global pimenta pepper market.
1281
This report provides an in-depth analysis of the piper pepper market in India.
1864
This report provides an in-depth analysis of the spice market in India.
602
This report provides an in-depth analysis of the pimenta pepper market in India.
6769
This report provides an in-depth analysis of the global piper pepper market.
204
In February 2023, the piper pepper price amounted to $4,634 per ton (CIF, India), rising by 12% against the previous month.
96
The growth rate peaked in February 2023 with a 56% month-on-month increase in Spice exports. However, the value of spice exports dropped significantly to $93M in November 2023.
275
In November 2022, the pimenta pepper price amounted to $2,842 per ton (FOB, India), stabilizing at the previous month.
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India remains the largest pimenta pepper exporter worldwide, comprising near half of the global exports. Last year, India managed to strengthen its leading position, with pimenta pepper exports skyrocketing to over 500K tons, or $1.1B. China was the key importer of Indian pepper, accounting for 32% of the total volume. The average export price for pimenta pepper from India jumped by +16% y-o-y in 2020.
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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.
5046
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6440
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1186
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
3821
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
15155
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%.
