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

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Mexico (FOB) - 2022
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Mexico (CIF) - 2023
  3. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Mexico
  4. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Mexico

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

In 2022, the average export price for pepper of the genus piper, neither crushed nor ground amounted to $5,349 per ton, rising by 27% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 98%. The export price peaked at $9,122 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Russia ($7,511 per ton), while the average price for exports to the United Arab Emirates ($2,204 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 Poland (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for pepper of the genus piper, neither crushed nor ground stood at $3,311 per ton in December 2023, dropping by -15% against the previous month. Over the period under review, import price indicated a notable expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for pepper of the genus piper, neither crushed nor ground decreased by -15.0% against November 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 81% month-to-month. As a result, import price attained the peak level of $4,577 per ton. From February 2023 to December 2023, the average import prices remained at a somewhat 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 Vietnam ($13,973 per ton), while the price for Brazil totaled $3,055 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+14.8%).

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

In 2022, overseas shipments of pepper of the genus piper, neither crushed nor ground decreased by -13.4% to 2K tons, falling for the second year in a row after two years of growth. Overall, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 78%. As a result, the exports attained the peak of 7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of pepper of the genus piper, neither crushed nor ground expanded markedly to $11M in 2022. Over the period under review, exports, however, saw a measured increase. The pace of growth was the most pronounced in 2020 with an increase of 105% against the previous year. As a result, the exports reached the peak of $19M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.42.22.94.041.9%
Germany1.12.4N/A1.510.9%
IraqN/A0.8N/A1.327.5%
United Arab Emirates0.1N/AN/A1.2128.9%
RussiaN/AN/AN/A1.00%
Netherlands2.41.52.90.6-37.0%
EgyptN/A1.90.70.6-43.8%
Turkey1.62.60.50.5-32.1%
Spain0.50.3N/AN/A-40.0%
Dominican RepublicN/A1.1N/AN/A0%
France0.60.9N/AN/A50.0%
LebanonN/A0.9N/AN/A0%
IsraelN/A1.31.7N/A30.8%
Others1.73.21.0N/A-23.3%
Total9.319.19.710.64.5%

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

  1. United States (693.4 tons)
  2. United Arab Emirates (541.6 tons)
  3. Germany (209.0 tons)
  4. Iraq (181.0 tons)
  5. Russia (137.0 tons)
  6. Netherlands (86.0 tons)
  7. Egypt (77.9 tons)
  8. Turkey (62.0 tons)

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

In 2022, the amount of pepper of the genus piper, neither crushed nor ground imported into Mexico contracted to 2.6K tons, which is down by -13.2% against the previous year. Overall, imports saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 3K tons, and then shrank in the following year.

In value terms, imports of pepper of the genus piper, neither crushed nor ground reduced to $9.9M in 2022. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 16%.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil8.65.66.67.0-6.6%
Vietnam1.82.93.52.815.9%
Others0.40.30.10.1-37.0%
Total10.88.810.29.9-2.9%

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

  1. Brazil (2069.4 tons)
  2. Vietnam (545.1 tons)

Source: IndexBox Market Intelligence Platform

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