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

Contents:

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

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

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $6,807 per ton, rising by 19% against the previous year. Over the period under review, the import price, however, showed a perceptible setback. The growth pace was the most rapid in 2021 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $10,106 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,483 per ton), while the price for India ($3,846 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for pepper (of the genus piper), crushed or ground stood at $7,169 per ton in 2022, rising by 11% against the previous year. In general, the export price, however, saw a pronounced descent. The growth pace was the most rapid in 2015 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $13,548 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 the Netherlands ($15,803 per ton), while the average price for exports to Albania ($5,029 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 France (+4.8%), 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 Italy

In 2022, overseas purchases of pepper (of the genus piper), crushed or ground decreased by -1.3% to 802 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by 14%.

In value terms, imports of pepper (of the genus piper), crushed or ground surged to $5.5M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. France (401.9 tons)
2. Germany (66.7 tons)
3. Austria (61.8 tons)
4. Spain (57.9 tons)
5. Poland (57.4 tons)
6. Netherlands (55.6 tons)
7. Vietnam (34.3 tons)
8. India (27.9 tons)

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

In 2022, the amount of pepper (of the genus piper), crushed or ground exported from Italy rose rapidly to 466 tons, picking up by 6.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, the exports of pepper (of genus piper), crushed or ground hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of pepper (of the genus piper), crushed or ground surged to $3.3M in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 21%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. United Kingdom (191.5 tons)
2. Spain (54.2 tons)
3. Germany (47.5 tons)
4. Slovenia (37.3 tons)
5. France (23.8 tons)
6. Malta (21.0 tons)
7. Albania (16.2 tons)
8. Switzerland (11.1 tons)
9. Romania (11.0 tons)
10. Croatia (10.5 tons)
11. United States (0.6 tons)

Source: IndexBox Market Intelligence Platform