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

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
  3. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria
  4. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria

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

In 2022, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $4,199 per ton, growing by 17% against the previous year. In general, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2021 an increase of 63% against the previous year. Over the period under review, average import prices hit record highs at $5,526 per ton in 2014; however, from 2015 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 the Netherlands ($10,680 per ton), while the price for Greece ($588 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for pepper of the genus piper, neither crushed nor ground stood at $5,600 per ton in 2022, surging by 3.7% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pepper of the genus piper, neither crushed nor ground increased by +92.4% against 2018 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($7,802 per ton), while the average price for exports to Romania ($4,124 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 Moldova (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of pepper of the genus piper, neither crushed nor ground decreased by -4.2% to 701 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 41% against the previous year. As a result, imports reached the peak of 764 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of pepper of the genus piper, neither crushed nor ground stood at $2.9M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of pepper of genus piper, neither crushed nor ground attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam9001,0961,8972,19934.7%
Brazil1832832512053.9%
Germany49.136.855.416850.7%
HungaryN/AN/A8.812.946.6%
Greece3.921.148.06.015.4%
Others18824236135323.4%
Total1,3231,6802,6212,94330.5%

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

  1. Vietnam (573.1 tons)
  2. Brazil (49.0 tons)
  3. Germany (24.5 tons)
  4. Hungary (20.1 tons)
  5. Greece (10.2 tons)

Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria

In 2022, approx. 50 tons of pepper of the genus piper, neither crushed nor ground were exported from Bulgaria; which is down by -12.9% on 2021. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year.

In value terms, exports of pepper of the genus piper, neither crushed nor ground reduced to $280K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of $310K, and then dropped in the following year.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Georgia28.227.219.410354.0%
North Macedonia28.717.548.682.542.2%
Greece44.365.813252.15.6%
RussiaN/AN/AN/A15.50%
Romania27.31.71.98.2-33.0%
Italy22.155.938.90.9-65.6%
Cyprus23.64.117.20.8-67.6%
Others27.244.351.616.8-14.8%
Total20121631028011.7%

Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Bulgaria in 2022:

  1. North Macedonia (18.0 tons)
  2. Georgia (16.2 tons)
  3. Greece (10.1 tons)
  4. Romania (2.0 tons)
  5. Russia (2.0 tons)
  6. Italy (0.2 tons)

Source: IndexBox Market Intelligence Platform

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