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

Contents:

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

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

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $5,119 per ton, declining by -5.4% against the previous year. Overall, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $8,157 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($7,255 per ton), while the price for India ($4,497 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $11,255 per ton, dropping by -12.1% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 an increase of 42%. The export price peaked at $12,811 per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($13,039 per ton), while the average price for exports to Poland ($1,000 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 Montenegro (+0.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of pepper (of the genus piper), crushed or ground decreased by -23.2% to 110 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.0% 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 +26.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 144 tons, and then declined dramatically in the following year.

In value terms, imports of pepper (of the genus piper), crushed or ground dropped markedly to $565K in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +23.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $777K, and then reduced markedly in the following year.

Import of Pepper (of the Genus Piper), Crushed or Ground in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam92.428042338460.8%
Spain145102175108-9.4%
Brazil10110814432.8-31.3%
India41.926.92.020.7-20.9%
Indonesia48.30.15.02.0-65.4%
Germany17.433.212.30.8-64.2%
Others11.212.315.116.614.0%
Total4585647775657.2%

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

  1. Vietnam (81.9 tons)
  2. Spain (16.8 tons)
  3. India (4.6 tons)
  4. Brazil (4.5 tons)
  5. Indonesia (0.3 tons)
  6. Germany (0.1 tons)

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

In 2022, approx. 30 tons of pepper (of the genus piper), crushed or ground were exported from Serbia; increasing by 18% against 2021 figures. In general, exports, however, recorded a abrupt curtailment.

In value terms, exports of pepper (of the genus piper), crushed or ground rose slightly to $334K in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 8.6%.

Export of Pepper (of the Genus Piper), Crushed or Ground in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro283233282277-0.7%
North Macedonia13.47.86.931.533.0%
Bosnia and Herzegovina29.840.825.316.7-17.6%
Croatia10.92.42.66.2-17.1%
Germany90.4N/A0.80.3-85.1%
Others11.211.03.01.8-45.6%
Total439295321334-8.7%

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

  1. Montenegro (21.3 tons)
  2. North Macedonia (5.2 tons)
  3. Bosnia and Herzegovina (2.5 tons)
  4. Croatia (0.4 tons)
  5. Germany (0.1 tons)

Source: IndexBox Market Intelligence Platform

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