Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR - 2023
Contents:
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2023
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
- Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR
- Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $5,128 per ton, shrinking by -23.5% against the previous month. Overall, the import price showed a mild contraction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 73% against the previous month. Over the period under review, average import prices hit record highs at $11,423 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Malaysia ($19,183 per ton), while the price for China ($3,277 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
The average export price for pepper of the genus piper, neither crushed nor ground stood at $5,403 per ton in 2022, dropping by -19.9% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the maximum at $6,830 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($18,050 per ton), while the average price for exports to the United Arab Emirates ($4,503 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 Macao SAR (+11.5%), while the prices for the other major destinations experienced a decline.
Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of pepper of the genus piper, neither crushed nor ground, which decreased by -18.8% to 363 tons in 2022. Over the period under review, imports saw a abrupt slump. The smallest decline of -4.7% was in 2021.
In value terms, imports of pepper of the genus piper, neither crushed nor ground reduced modestly to $2.2M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. As a result, imports reached the peak of $2.2M, leveling off in the following year.
| Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 864 | 958 | 1,295 | 842 | -0.9% |
| Malaysia | 297 | 192 | 371 | 528 | 21.1% |
| China | N/A | 3.0 | 7.5 | 218 | 752.4% |
| Indonesia | 320 | 176 | 282 | 194 | -15.4% |
| Italy | 64.5 | 61.4 | 26.0 | 129 | 26.0% |
| India | 5.0 | 26.9 | 53.4 | 97.9 | 169.5% |
| Turkey | N/A | N/A | 33.0 | 66.8 | 102.4% |
| United States | 309 | 75.5 | 67.6 | 48.9 | -45.9% |
| Others | 141 | 123 | 63.7 | 66.5 | -22.2% |
| Total | 2,000 | 1,617 | 2,199 | 2,190 | 3.1% |
Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Hong Kong SAR in 2022:
- Vietnam (155.5 tons)
- Malaysia (70.3 tons)
- Indonesia (41.6 tons)
- India (29.5 tons)
- Italy (20.8 tons)
- China (19.4 tons)
- Turkey (14.6 tons)
- United States (3.8 tons)
Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of pepper of the genus piper, neither crushed nor ground, when their volume increased by 45% to 35 tons. Overall, exports, however, recorded a dramatic curtailment.
In value terms, exports of pepper of the genus piper, neither crushed nor ground soared to $188K in 2022. Over the period under review, exports, however, recorded a precipitous curtailment.
| Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 144 | 0% |
| Macao SAR | 85.3 | 41.4 | 78.5 | 31.5 | -28.3% |
| United States | 23.9 | 19.5 | 12.5 | 6.8 | -34.2% |
| China | 399 | 123 | 69.5 | N/A | -58.3% |
| United Kingdom | 166 | N/A | N/A | N/A | 0% |
| Others | 33.2 | 13.2 | 0.7 | 5.4 | -45.4% |
| Total | 707 | 197 | 161 | 188 | -35.7% |
Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Hong Kong SAR in 2022:
- United Arab Emirates (32.0 tons)
- Macao SAR (1.7 tons)
- United States (0.7 tons)
355
This report provides an in-depth analysis of the piper pepper market in Hong Kong SAR, China.
627
This report provides an in-depth analysis of the spice market in Hong Kong SAR, China.
384
This report provides an in-depth analysis of the pimenta pepper market in Hong Kong SAR, China.
6769
This report provides an in-depth analysis of the global piper pepper market.
5113
This report provides an in-depth analysis of the global spice market.
914
This report provides an in-depth analysis of the global pimenta pepper market.
355
This report provides an in-depth analysis of the piper pepper market in Hong Kong SAR, China.
627
This report provides an in-depth analysis of the spice market in Hong Kong SAR, China.
384
This report provides an in-depth analysis of the pimenta pepper market in Hong Kong SAR, China.
6769
This report provides an in-depth analysis of the global piper pepper market.
1144
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5046
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
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Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1186
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
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From 2007 to 2015, global exports on the pepper market surged by +X% per year, amounting to X million USD in 2015. This was X million USD (X%) more than in 2014. In physical terms, exports stood at X thousand to
15155
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. From 2007 to 2015, it expanded with a CAGR of +X%.
1905
In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
1472
According to market research conducted by IndexBox, global pepper production was estimated at X thousand tons in 2015, an increase of X thousand tons than in 2014. In value terms, production reached record levels, increasing to X million USD
1231
India dominates in the global pepper trade. In 2014, India exported X thousand tons of pepper totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total pepper exports in value
998
India dominates in the global pepper trade, significantly strengthening its position in the global export structure from X% in 2007 to X% in 2014. Its primary trading partner in 2014 was the U.S., where it supplied X% of its total pepper expor
