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

Contents:

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

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

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $12,566 per ton, increasing by 59% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $20,820 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Argentina ($19,337 per ton), while the price for the United States ($5,892 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for pepper (of the genus piper), crushed or ground stood at $5,607 per ton in 2022, with an increase of 5.5% against the previous year. In general, the export price, however, faced a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 582% against the previous year. As a result, the export price reached the peak level of $43,460 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +157.1% per year.

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

Imports of pepper (of the genus piper), crushed or ground into Uruguay skyrocketed to 51 tons in 2022, picking up by 18% on 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.8% 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 +62.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of pepper (of the genus piper), crushed or ground surged to $639K in 2022. Overall, imports continue to indicate a significant expansion. 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 Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia19415224652739.5%
Vietnam0.60.50.551.6341.4%
Argentina22.819.216.336.917.4%
India13.410.510.49.4-11.1%
Brazil13.87.63.28.3-15.6%
United States29.718.811.94.3-47.5%
France10.110.013.2N/A14.3%
Others70.534.839.91.9-70.0%
Total35525434163921.6%

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

  1. Indonesia (42.5 tons)
  2. Vietnam (2.9 tons)
  3. Argentina (1.9 tons)
  4. India (1.5 tons)
  5. Brazil (1.0 tons)
  6. United States (0.7 tons)

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

In 2022, exports of pepper (of the genus piper), crushed or ground from Uruguay surged to 247 kg, increasing by 152% compared with the previous year's figure. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 225% against the previous year. As a result, the exports reached the peak of 396 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of pepper (of the genus piper), crushed or ground soared to $1.4K in 2022. In general, exports, however, saw a pronounced decrease.

Export of Pepper (of the Genus Piper), Crushed or Ground in Uruguay (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom35.02181551,385240.8%
Bolivia1,507N/AN/AN/A0%
Dominican RepublicN/A2,019366N/A-81.9%
OthersN/A12.0N/AN/A0%
Total1,5422,2495211,385-3.5%

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

  1. United Kingdom (247.0 kg)

Source: IndexBox Market Intelligence Platform

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