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Latin America and the Caribbean - Pepper - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Pepper Market Overview 2020

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Pepper Market Size in Latin America and the Caribbean

The revenue of the pepper market in Latin America and the Caribbean amounted to $X in 2018, lowering by -X% against the previous year. In general, pepper consumption, however, continues to indicate a temperate drop. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, the pepper market reached its maximum level at $X in 2016; however, from 2017 to 2018, consumption stood at a somewhat lower figure.

Pepper Production in Latin America and the Caribbean

In value terms, pepper production stood at $X in 2018 estimated in export prices. In general, pepper production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2011 when production volume increased by X% y-o-y. The level of pepper production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Brazil (X tonnes) remains the largest pepper producing country in Latin America and the Caribbean, accounting for X% of total production. Moreover, pepper production in Brazil exceeded the figures recorded by the region's second-largest producer, Mexico (X tonnes), tenfold. The third position in this ranking was occupied by Costa Rica (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Costa Rica (+X% per year).

The average pepper yield amounted to X tonne per ha in 2018, growing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. The level of pepper yield peaked in 2018 and is expected to retain its growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of pepper production in Latin America and the Caribbean amounted to X ha, approximately equating the previous year. Overall, the pepper harvested area continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to pepper production reached its maximum at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of pepper production was Brazil (X tonnes), accounting for X% of total production. Moreover, pepper production in Brazil exceeded the figures recorded by the region's second-largest producer, Mexico (X tonnes), tenfold. Ecuador (X tonnes) ranked third in terms of total production with a X% share.

In Brazil, pepper production remained relatively stable over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+X% per year) and Ecuador (+X% per year).

Pepper Exports

Exports in Latin America and the Caribbean

In 2018, approx. X tonnes of pepper were exported in Latin America and the Caribbean; leveling off at the previous year. The total exports indicated strong growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pepper exports increased by +X% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, pepper exports attained their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, pepper exports amounted to $X in 2018. Over the period under review, pepper exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. The level of exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporting country with an export of about X tonnes, which finished at X% of total exports. Mexico (X tonnes) occupied the second position in the ranking, followed by Ecuador (X tonnes). All these countries together took approx. X% share of total exports. Guatemala (X tonnes) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +X% from 2007 to 2018. At the same time, Guatemala (+X%), Ecuador (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Brazil, Mexico, Ecuador and Guatemala increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest pepper supplier in Latin America and the Caribbean, comprising X% of total pepper exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

In Brazil, pepper exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Ecuador (+X% per year).

Export Prices by Country

The pepper export price in Latin America and the Caribbean stood at $X per tonne in 2018, going down by -X% against the previous year. Over the period under review, the pepper export price, however, continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. The level of export price peaked at $X per tonne in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Brazil ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ecuador, while the other leaders experienced mixed trends in the export price figures.

Pepper Imports

Imports in Latin America and the Caribbean

In 2018, the amount of pepper imported in Latin America and the Caribbean stood at X tonnes, falling by -X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The volume of imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, pepper imports amounted to $X in 2018. Over the period under review, pepper imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, pepper imports attained their maximum at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the major importer of pepper in Latin America and the Caribbean, with the volume of imports accounting for X tonnes, which was approx. X% of total imports in 2018. Argentina (X tonnes) ranks second in terms of the total imports with a X% share, followed by Peru (X%). The following importers - Jamaica (X tonnes), Chile (X tonnes), Colombia (X tonnes), the Dominican Republic (X tonnes), Guatemala (X tonnes), Brazil (X tonnes), Panama (X tonnes), Trinidad and Tobago (X tonnes) and Uruguay (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to pepper imports into Mexico stood at +X%. At the same time, Peru (+X%), Uruguay (+X%), Jamaica (+X%), Trinidad and Tobago (+X%), Panama (+X%), Guatemala (+X%), Chile (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. The Dominican Republic and Argentina experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), Peru (+X p.p.) and Jamaica (+X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported pepper in Latin America and the Caribbean, comprising X% of total pepper imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

In Mexico, pepper imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and Guatemala (+X% per year).

Import Prices by Country

In 2018, the pepper import price in Latin America and the Caribbean amounted to $X per tonne, coming down by -X% against the previous year. Overall, the pepper import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. The level of import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Guatemala ($X per tonne), while Trinidad and Tobago ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Colombia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 687 - Pepper

This report provides an in-depth analysis of the pepper market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Cuba
• Curacao
• Dominica
• Dominican Republic
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Haiti
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007–2018
Table 7:
Yield, By Country, 2007–2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007–2018
Figure 25:
Yield, By Country, 2007–2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018

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