Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada - 2023
Contents:
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada (CIF) - 2023
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada (FOB) - 2022
- Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada
- Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada (CIF) - 2023
The average import price for pepper of the genus piper, neither crushed nor ground stood at $5,466 per ton in December 2023, approximately mirroring the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 17% m-o-m. As a result, import price reached the peak level of $6,870 per ton. From October 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($12,177 per ton), while the price for the Dominican Republic ($2,668 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 the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada (FOB) - 2022
The average export price for pepper of the genus piper, neither crushed nor ground stood at $6,886 per ton in 2022, rising by 4.5% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2014 an increase of 46%. As a result, the export price attained the peak level of $11,082 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jamaica ($7,054 per ton), while the average price for exports to Trinidad and Tobago ($5,666 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 Jamaica (-2.1%), while the prices for the other major destinations experienced a decline.
Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada
In 2022, overseas purchases of pepper of the genus piper, neither crushed nor ground decreased by -13.1% to 4.4K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, imports attained the peak of 5.1K tons, and then contracted in the following year.
In value terms, imports of pepper of the genus piper, neither crushed nor ground expanded modestly to $27M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 11.8 | 11.2 | 16.4 | 18.2 | 15.5% |
| India | 1.5 | 1.8 | 2.3 | 3.2 | 28.7% |
| South Africa | 0.9 | 1.0 | 1.3 | 1.1 | 6.9% |
| Brazil | 1.2 | 1.6 | 2.1 | 1.0 | -5.9% |
| China | 0.8 | 0.5 | 0.7 | 0.7 | -4.4% |
| United States | 0.4 | 0.5 | 0.9 | 0.4 | 0.0% |
| Dominican Republic | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Others | 1.6 | 1.7 | 2.0 | 1.9 | 5.9% |
| Total | 18.3 | 18.5 | 25.8 | 26.7 | 13.4% |
Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Canada in 2022:
- Vietnam (3056.7 tons)
- India (547.9 tons)
- Brazil (126.0 tons)
- China (106.3 tons)
- South Africa (102.2 tons)
- Dominican Republic (78.3 tons)
- United States (56.3 tons)
Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada
In 2022, approx. 67 tons of pepper of the genus piper, neither crushed nor ground were exported from Canada; declining by -14% on the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 90% against the previous year. As a result, the exports attained the peak of 78 tons, and then contracted in the following year.
In value terms, exports of pepper of the genus piper, neither crushed nor ground contracted to $465K in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 145%. As a result, the exports reached the peak of $517K, and then reduced in the following year.
| Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 236 | 199 | 466 | 404 | 19.6% |
| Jamaica | 28.0 | N/A | N/A | 40.9 | 13.5% |
| Trinidad and Tobago | 7.6 | 9.7 | N/A | 11.0 | 13.1% |
| Vietnam | 36.4 | 0.6 | N/A | N/A | -98.4% |
| Australia | N/A | N/A | 10.7 | N/A | 0% |
| Others | 25.7 | 1.5 | 39.7 | 8.5 | -30.8% |
| Total | 333 | 211 | 517 | 465 | 11.8% |
Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Canada in 2022:
- United States (58.4 tons)
- Jamaica (5.8 tons)
- Trinidad and Tobago (1.9 tons)
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