Price for Pepper (of the Genus Piper), Crushed or Ground in Nigeria - 2022
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in Nigeria (CIF) - 2022
- Price for Pepper (of the Genus Piper), Crushed or Ground in Nigeria (FOB) - 2022
- Imports of Pepper (of the Genus Piper), Crushed or Ground in Nigeria
- Exports of Pepper (of the Genus Piper), Crushed or Ground in Nigeria
Price for Pepper (of the Genus Piper), Crushed or Ground in Nigeria (CIF) - 2022
In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $3,628 per ton, with a decrease of -10% against the previous year. Overall, the import price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 104%. Over the period under review, average import prices reached the peak figure at $10,550 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,180 per ton), while the price for India ($2,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pepper (of the Genus Piper), Crushed or Ground in Nigeria (FOB) - 2022
In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $599 per ton, shrinking by -67.3% against the previous year. In general, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 440%. Over the period under review, the average export prices attained the maximum at $3,402 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Niger.
From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +50.0% per year.
Imports of Pepper (of the Genus Piper), Crushed or Ground in Nigeria
Imports of pepper (of the genus piper), crushed or ground into Nigeria surged to 1.4K tons in 2022, increasing by 51% against the previous year's figure. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. Imports peaked 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 skyrocketed to $5M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.9% against 2019 indices. 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 Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 530 | 791 | 404 | 1,550 | 43.0% |
| France | 1,111 | 1,205 | 1,467 | 1,336 | 6.3% |
| India | 376 | 833 | 1,258 | 1,250 | 49.2% |
| Vietnam | 385 | 691 | 492 | 693 | 21.6% |
| United Kingdom | 164 | 26.7 | N/A | N/A | -83.7% |
| Others | 534 | 190 | 33.1 | 128 | -37.9% |
| Total | 3,100 | 3,736 | 3,654 | 4,958 | 16.9% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Nigeria in 2022:
- India (599.5 tons)
- China (490.9 tons)
- France (145.5 tons)
- Vietnam (110.4 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in Nigeria
In 2022, overseas shipments of pepper (of the genus piper), crushed or ground decreased by -66.2% to 49 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 92%. As a result, the exports reached the peak of 144 tons, and then reduced sharply in the following year.
In value terms, exports of pepper (of the genus piper), crushed or ground declined rapidly to $29K in 2022. In general, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 190%. As a result, the exports reached the peak of $265K, and then reduced notably in the following year.
| Export of Pepper (of the Genus Piper), Crushed or Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Niger | N/A | N/A | 0.1 | 29.2 | 29100.0% |
| United Kingdom | N/A | 52.5 | 49.9 | N/A | -5.0% |
| United Arab Emirates | 11.5 | 3.9 | 0.2 | N/A | -86.8% |
| South Africa | 2.6 | 2.9 | 2.3 | N/A | -5.9% |
| Estonia | N/A | N/A | 58.3 | N/A | 0% |
| Saudi Arabia | 3.0 | N/A | 48.9 | N/A | 303.7% |
| United States | 51.3 | 2.1 | 11.3 | N/A | -53.1% |
| Canada | 6.7 | 8.4 | 18.7 | N/A | 67.1% |
| Others | 7.1 | 21.4 | 74.9 | N/A | 224.8% |
| Total | 82.2 | 91.2 | 265 | 29.2 | -29.2% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Nigeria in 2022:
- Niger (48.8 tons)
947
This report provides an in-depth analysis of the piper pepper market in Nigeria.
3792
This report provides an in-depth analysis of the spice market in Nigeria.
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This report provides an in-depth analysis of the pimenta pepper market in Nigeria.
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This report provides an in-depth analysis of the global piper pepper market.
5091
This report provides an in-depth analysis of the global spice market.
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This report provides an in-depth analysis of the global pimenta pepper market.
947
This report provides an in-depth analysis of the piper pepper market in Nigeria.
3792
This report provides an in-depth analysis of the spice market in Nigeria.
580
This report provides an in-depth analysis of the pimenta pepper market in Nigeria.
6763
This report provides an in-depth analysis of the global piper pepper market.
1139
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5039
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
15141
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%.
1904
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
1467
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
1229
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
