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

Contents:

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

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

In 2022, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $5,430 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61%. Over the period under review, average import prices reached the maximum at $12,074 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($25,780 per ton), while the price for Brazil ($5,060 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for pepper of the genus piper, neither crushed nor ground amounted to $22,077 per ton, standing approx. at the previous year. In general, the export price recorded a significant increase. The pace of growth was the most pronounced in 2020 an increase of 267%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($26,875 per ton), while the average price for exports to the UK totaled $19,944 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+27.0%).

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

In 2022, imports of pepper of the genus piper, neither crushed nor ground into Uruguay skyrocketed to 127 tons, rising by 24% compared with the year before. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period.

In value terms, imports of pepper of the genus piper, neither crushed nor ground surged to $688K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil18418423560348.5%
Austria10.917.615.320.222.8%
Ecuador16.513.912.013.5-6.5%
Vietnam27.913.014.3N/A-28.4%
Singapore130142160N/A10.9%
Others10470.611351.7-20.8%
Total47444154968813.2%

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

  1. Brazil (119.2 tons)
  2. Austria (2.0 tons)
  3. Ecuador (1.5 tons)

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

In 2022, exports of pepper of the genus piper, neither crushed nor ground from Uruguay was estimated at 26 kg, standing approx. at 2021 figures. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of -72.6% was in 2020.

In value terms, exports of pepper of the genus piper, neither crushed nor ground totaled $574 in 2022. Overall, exports showed a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 0.4%. As a result, the exports reached the peak of $1.1K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Uruguay (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom633435N/A359-17.2%
United States510317N/A215-25.0%
OthersN/A396N/AN/A0%
Total1,1431,148N/A574-20.5%

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

  1. United Kingdom (18.0 kg)
  2. United States (8.0 kg)

Source: IndexBox Market Intelligence Platform

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