Mexico: Piper Pepper Market 2024

Piper Pepper Market Size in Mexico

In 2022, the Mexican piper pepper market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed significant growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Piper Pepper Production in Mexico

In value terms, piper pepper production expanded remarkably to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Piper pepper production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of piper pepper in Mexico shrank modestly to X tons per ha in 2022, approximately mirroring the previous year. In general, the yield, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the average piper pepper yield attained the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of piper pepper production in Mexico expanded to X ha, rising by X% against the previous year. In general, the total harvested area indicated a tangible expansion from 2012 to 2022: its figure 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, piper pepper harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the piper pepper harvested area remained at a lower figure.

Piper Pepper Exports

Exports from Mexico

In 2022, overseas shipments of piper pepper decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, piper pepper exports expanded markedly to $X in 2022. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Germany (X tons) were the main destinations of piper pepper exports from Mexico, with a combined X% share of total exports. Iraq, Russia, the Netherlands, Egypt and Turkey lagged somewhat behind, together comprising a further X%.

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

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

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

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Piper Pepper Imports

Imports into Mexico

In 2022, approx. X tons of piper pepper were imported into Mexico; declining by X% compared with the previous year's figure. In general, total imports indicated a measured increase 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 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, piper pepper imports totaled $X in 2022. Over the period under review, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X tons), Vietnam (X tons) and the United States (X tons) were the main suppliers of piper pepper imports to Mexico, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest piper pepper suppliers to Mexico were Brazil ($X), Vietnam ($X) and the United States ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average piper pepper import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a perceptible descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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