GCC: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in GCC

In 2022, the GCC pimenta pepper market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Pimenta Pepper Production in GCC

In value terms, pimenta pepper production amounted to $X in 2022 estimated in export price. In general, production, however, showed a sharp shrinkage. The growth pace was the most rapid in 2013 when the production volume decreased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Kuwait (X tons) remains the largest pimenta pepper producing country in GCC, comprising approx. X% of total volume.

In Kuwait, pimenta pepper production increased at an average annual rate of X% over the period from 2012-2022.

Pimenta Pepper Exports

Exports in GCC

In 2022, pimenta pepper exports in GCC surged to X tons, jumping by X% on 2021. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, pimenta pepper exports surged to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the major exporter of pimenta pepper, making up X% of total exports. It was distantly followed by Kuwait (X tons), mixing up a X% share of total exports. The following exporters - Oman (X tons) and Bahrain (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pimenta pepper exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Bahrain (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Kuwait (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest pimenta pepper supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

In the United Arab Emirates, pimenta pepper exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Pimenta Pepper Imports

Imports in GCC

In 2022, supplies from abroad of pimenta pepper decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pimenta pepper imports rose slightly to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Saudi Arabia (X tons) took the second position in the ranking, distantly followed by Oman (X tons), Qatar (X tons) and Kuwait (X tons). All these countries together held approx. X% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pimenta pepper imports into the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%), Oman (X%), Qatar (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Saudi Arabia (X p.p.), Kuwait (X p.p.), Oman (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pimenta pepper in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pimenta pepper import price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bahrain ($X per ton) and Qatar ($X per ton), while Saudi Arabia ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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