Price for Pepper (of the Genus Piper), Crushed or Ground in the United States - 2023
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in the United States (CIF) - 2023
- Price for Pepper (of the Genus Piper), Crushed or Ground in the United States (FOB) - 2023
- Imports of Pepper (of the Genus Piper), Crushed or Ground in the United States
- Exports of Pepper (of the Genus Piper), Crushed or Ground in the United States
Price for Pepper (of the Genus Piper), Crushed or Ground in the United States (CIF) - 2023
In December 2023, the average import price for pepper (of the genus piper), crushed or ground amounted to $5,316 per ton, growing by 7.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average import price increased by 7.5% against the previous month. The import price peaked at $5,538 per ton in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Indonesia ($5,608 per ton), while the price for Zimbabwe ($2,038 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Pepper (of the Genus Piper), Crushed or Ground in the United States (FOB) - 2023
The average export price for pepper (of the genus piper), crushed or ground stood at $7,926 per ton in December 2023, waning by -2.6% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 when the average export price increased by 7.1% against the previous month. Over the period under review, the average export prices reached the maximum at $8,913 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Mexico ($9,938 per ton), while the average price for exports to Vietnam ($5,305 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.3%), 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 the United States
In 2022, imports of pepper (of the genus piper), crushed or ground into the United States expanded to 29K tons, increasing by 1.8% on 2021. The total import volume increased at an average annual rate of +11.2% 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 2021 with an increase of 32% against the previous year. Over the period under review, imports of pepper (of genus piper), crushed or ground reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of pepper (of the genus piper), crushed or ground surged to $158M in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports of pepper (of genus piper), crushed or ground attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Pepper (of the Genus Piper), Crushed or Ground in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 43.3 | 49.6 | 76.5 | 114 | 38.1% |
| India | 24.3 | 14.1 | 24.2 | 25.0 | 1.0% |
| Brazil | 4.7 | 4.6 | 4.4 | 6.7 | 12.5% |
| China | 3.6 | 1.9 | 3.0 | 3.8 | 1.8% |
| Others | 7.4 | 6.1 | 8.0 | 8.1 | 3.1% |
| Total | 83.3 | 76.4 | 116 | 158 | 23.8% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to the United States in 2022:
- Vietnam (21.0K tons)
- India (4.8K tons)
- Brazil (1.2K tons)
- China (0.8K tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in the United States
In 2022, the amount of pepper (of the genus piper), crushed or ground exported from the United States rose modestly to 3.9K tons, with an increase of 2.4% on the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 2.5% against the previous year.
In value terms, exports of pepper (of the genus piper), crushed or ground skyrocketed to $32M in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pepper (of the Genus Piper), Crushed or Ground in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.2 | 14.1 | 15.3 | 19.1 | 7.9% |
| Mexico | 4.2 | 2.1 | 2.7 | 3.8 | -3.3% |
| Costa Rica | 0.5 | 0.7 | 1.1 | 1.5 | 44.2% |
| Japan | 0.9 | 1.1 | 1.0 | 0.8 | -3.9% |
| Australia | 0.2 | 0.3 | 0.4 | 0.6 | 44.2% |
| United Kingdom | 1.0 | 1.0 | 0.7 | 0.6 | -15.7% |
| Philippines | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| France | 0.5 | 0.2 | 0.8 | N/A | 26.5% |
| Others | 5.1 | 4.8 | 4.1 | 4.7 | -2.7% |
| Total | 27.7 | 24.5 | 26.2 | 31.7 | 4.6% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from the United States in 2022:
- Canada (2425.2 tons)
- Mexico (418.1 tons)
- Costa Rica (249.3 tons)
- Japan (86.3 tons)
- Philippines (80.6 tons)
- Australia (70.9 tons)
- United Kingdom (64.5 tons)
738
This report provides an in-depth analysis of the piper pepper market in the U.S..
1445
This report provides an in-depth analysis of the spice market in the U.S..
541
This report provides an in-depth analysis of the pimenta pepper market in the U.S..
6767
This report provides an in-depth analysis of the global piper pepper market.
5104
This report provides an in-depth analysis of the global spice market.
912
This report provides an in-depth analysis of the global pimenta pepper market.
738
This report provides an in-depth analysis of the piper pepper market in the U.S..
1445
This report provides an in-depth analysis of the spice market in the U.S..
541
This report provides an in-depth analysis of the pimenta pepper market in the U.S..
6767
This report provides an in-depth analysis of the global piper pepper market.
570
In November 2022, the piper pepper price amounted to $5,223 per ton (CIF, US), waning by -2% against the previous month.
978
In August 2022, the spice price per ton stood at $4,278, with an increase of 4.1% against the previous month.
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In Apr 2022, the average import spice price per ton amounted to $4,490, rising by 8.6% against the previous month.
191
In February 2023, the price of pimenta pepper was registered at $2,904 per metric ton, with a 5.5% increase compared to the previous month (CIF, US).
1141
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5041
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
15145
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%.
