Ecuador: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Ecuador

After two years of growth, the Ecuadorian pimenta pepper market decreased by X% to $X in 2022. In general, consumption enjoyed significant growth. Pimenta pepper consumption peaked at $X in 2021, and then shrank in the following year.

Pimenta Pepper Production in Ecuador

In value terms, pimenta pepper production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average yield of pimenta pepper in Ecuador was estimated at less than X kg per ha, standing approx. at the previous year. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the pimenta pepper harvested area in Ecuador totaled less than X ha, approximately reflecting the previous year. Overall, the harvested area recorded a relatively flat trend pattern.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Pimenta Pepper Exports

Exports from Ecuador

In 2022, the amount of pimenta pepper exported from Ecuador soared to X tons, rising by X% against the year before. Over the period under review, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pimenta pepper exports skyrocketed to $X in 2022. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Spain (X tons) and the UK (X tons) were the main destinations of pimenta pepper exports from Ecuador, with a combined X% share of total exports. Germany, the Netherlands and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for pimenta pepper exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the UK (X% per year).

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Spain ($X 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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Ecuador

In 2022, after two years of growth, there was significant decline in supplies from abroad of pimenta pepper, when their volume decreased by X% to X tons. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, pimenta pepper imports shrank notably to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Imports by Country

Peru (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of pimenta pepper imports to Ecuador, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) constituted the largest supplier of pimenta pepper to Ecuador, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average pimenta pepper import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank remarkably in the following year.

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 Peru ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :