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

Contents:

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

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

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $11,745 per ton, shrinking by -3.6% against the previous year. In general, the import price saw a mild decline. The growth pace was the most rapid in 2019 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum at $15,548 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($29,316 per ton), while the price for Spain ($2,714 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+4.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $8,060 per ton, increasing by 3.4% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 9.8%. The export price peaked at $10,545 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($15,897 per ton), while the average price for exports to Latvia ($7,238 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 Ukraine (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth consecutive year, Lithuania recorded growth in overseas purchases of pepper (of the genus piper), crushed or ground, which increased by 7.9% to 99 tons in 2022. The total import volume increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 18%. Over the period under review, imports of pepper (of genus piper), crushed or ground reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of pepper (of the genus piper), crushed or ground amounted to $1.2M in 2022. The total import value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. Over the period under review, imports of pepper (of genus piper), crushed or ground hit record highs in 2022 and are likely to see steady growth in years to come.

Import of Pepper (of the Genus Piper), Crushed or Ground in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia5185885986487.7%
Germany90.811018117825.2%
Latvia11816817916612.0%
Spain8.222.758.376.0110.1%
Austria53.370.557.453.80.3%
Poland80.451.015.124.6-32.6%
France73.211.718.22.6-67.1%
Others4.428.215.618.862.3%
Total9461,0491,1231,1687.3%

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

  1. Spain (28.0 tons)
  2. Germany (24.5 tons)
  3. Estonia (22.1 tons)
  4. Latvia (15.7 tons)
  5. Poland (4.6 tons)
  6. Austria (3.0 tons)
  7. France (0.1 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of pepper (of the genus piper), crushed or ground, when their volume decreased by -17% to 60 tons. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 19%.

In value terms, exports of pepper (of the genus piper), crushed or ground declined to $482K in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $561K, and then declined in the following year.

Export of Pepper (of the Genus Piper), Crushed or Ground in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Latvia256316352229-3.6%
Estonia30.343.287.111455.5%
Germany19.528.330.648.435.4%
Russia35.719.020.428.6-7.1%
United Kingdom28.632.729.922.2-8.1%
Ukraine4.56.44.917.557.3%
Others12.914.435.722.520.4%
Total3884605614827.5%

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

  1. Latvia (31.7 tons)
  2. Estonia (14.1 tons)
  3. Germany (6.3 tons)
  4. Russia (3.5 tons)
  5. United Kingdom (1.4 tons)
  6. Ukraine (1.2 tons)

Source: IndexBox Market Intelligence Platform

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