Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Azerbaijan - 2023

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022
  2. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Azerbaijan

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Azerbaijan (CIF) - 2022

The average import price for pepper of the genus piper, neither crushed nor ground stood at $4,350 per ton in 2022, picking up by 11% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 81%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($4,671 per ton) and Vietnam ($4,143 per ton), while the price for Brazil ($4,036 per ton) and Iran ($4,074 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Azerbaijan

In 2022, the amount of pepper of the genus piper, neither crushed nor ground imported into Azerbaijan contracted to 345 tons, reducing by -14.1% against 2021 figures. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% 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 +59.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of 401 tons, and then fell in the following year.

In value terms, imports of pepper of the genus piper, neither crushed nor ground reduced slightly to $1.5M in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 185%. As a result, imports reached the peak of $1.6M, and then shrank modestly in the following year.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam5453591,0771,13227.6%
Iran12.918.4103200149.4%
Brazil6.710.918.365.7114.0%
United Arab Emirates10395.1280N/A64.9%
Others71.069.998.010212.8%
Total7395531,5751,50026.6%

Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Azerbaijan in 2022:

  1. Vietnam (273.2 tons)
  2. Iran (49.1 tons)
  3. Brazil (16.3 tons)

Source: IndexBox Market Intelligence Platform

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