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

Contents:

1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in China (CIF) - 2023
2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in China (FOB) - 2023
3. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in China
4. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in China

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in China (CIF) - 2023

In December 2023, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $4,558 per ton, with an increase of 14% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 22% against the previous month. Over the period under review, average import prices reached the maximum at $5,512 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Indonesia ($5,030 per ton), while the price for Brazil ($3,096 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 Vietnam (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in China (FOB) - 2023

The average export price for pepper of the genus piper, neither crushed nor ground stood at $5,021 per ton in December 2023, remaining relatively unchanged against the previous month. In general, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in August 2023 an increase of 44% against the previous month. Over the period under review, the average export prices hit record highs at $6,565 per ton in May 2023; however, from June 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the United States ($9,422 per ton), while the average price for exports to Canada ($2,505 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 Taiwan (Chinese) (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of pepper of the genus piper, neither crushed nor ground decreased by -36.3% to 7.9K tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 75% against the previous year. As a result, imports attained the peak of 21K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of pepper of the genus piper, neither crushed nor ground reduced notably to $38M in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. As a result, imports attained the peak of $61M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Indonesia (4.6K tons)
2. Vietnam (2.3K tons)
3. Brazil (0.8K tons)
4. Malaysia (0.2K tons)

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

In 2022, the amount of pepper of the genus piper, neither crushed nor ground exported from China surged to 2.2K tons, rising by 18% compared with 2021. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of pepper of the genus piper, neither crushed nor ground totaled $12M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +42.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Democratic People's Republic of Korea (583.7 tons)
2. Canada (282.4 tons)
3. Vietnam (225.5 tons)
4. United States (216.0 tons)
5. Taiwan (Chinese) (214.7 tons)
6. United Kingdom (115.5 tons)
7. Australia (108.8 tons)
8. Uzbekistan (85.3 tons)
9. Hong Kong SAR (85.1 tons)
10. Germany (45.5 tons)

Source: IndexBox Market Intelligence Platform