Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $8,533 per ton in October 2023, picking up by 6.6% against the previous month. Overall, the import price posted a resilient increase. The pace of growth was the most pronounced in August 2023 an increase of 75% against the previous month. As a result, import price reached the peak level of $10,983 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($9,046 per ton), while the price for Taiwan (Chinese) ($3,656 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $9,306 per ton, picking up by 43% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth was the most pronounced in 2021 an increase of 212% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($9,641 per ton), while the average price for exports to Jamaica ($6,053 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 (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR
Imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Hong Kong SAR soared to 829 tons in 2022, growing by 153% on the previous year. Overall, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $3.3M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,942 | 2,204 | 620 | 2,764 | -2.1% |
| India | 173 | 175 | 167 | 254 | 13.7% |
| South Korea | 110 | 204 | 255 | 209 | 23.9% |
| Others | 105 | 181 | 95.6 | 52.4 | -20.7% |
| Total | 3,329 | 2,764 | 1,137 | 3,279 | -0.5% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Hong Kong SAR in 2022:
- China (670.3 tons)
- India (88.2 tons)
- South Korea (61.6 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR
In 2022, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -50.9% to 4.8 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. As a result, the exports reached the peak of 279 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted sharply to $45K in 2022. Over the period under review, exports recorded a precipitous decline.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 68.4 | 31.6 | 43.9 | 29.3 | -24.6% |
| Canada | 3.7 | 1.7 | 11.6 | 14.1 | 56.2% |
| Jamaica | N/A | N/A | N/A | 1.4 | 0% |
| China | 8.6 | 15.5 | N/A | N/A | 80.2% |
| Taiwan (Chinese) | 1,465 | 528 | N/A | N/A | -64.0% |
| Others | N/A | 5.0 | 8.2 | N/A | 64.0% |
| Total | 1,546 | 582 | 63.7 | 44.8 | -69.3% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Hong Kong SAR in 2022:
- Macao SAR (3.0 tons)
- Canada (1.5 tons)
- Jamaica (0.2 tons)
382
This report provides an in-depth analysis of the pimenta pepper market in Hong Kong SAR, China.
353
This report provides an in-depth analysis of the piper pepper market in Hong Kong SAR, China.
622
This report provides an in-depth analysis of the spice market in Hong Kong SAR, China.
912
This report provides an in-depth analysis of the global pimenta pepper market.
6763
This report provides an in-depth analysis of the global piper pepper market.
5091
This report provides an in-depth analysis of the global spice market.
382
This report provides an in-depth analysis of the pimenta pepper market in Hong Kong SAR, China.
353
This report provides an in-depth analysis of the piper pepper market in Hong Kong SAR, China.
622
This report provides an in-depth analysis of the spice market in Hong Kong SAR, China.
912
This report provides an in-depth analysis of the global pimenta pepper market.
63
Explore the top import markets for Pimenta Pepper in 2023, including key statistics and import values. Learn about the countries driving the global demand for this popular spice.
1224
The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This...
1139
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5039
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6438
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1184
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
3820
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
15140
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%.
1904
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
1467
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
