Philippines: Piper Pepper Market 2024

Piper Pepper Market Size in the Philippines

The Philippine piper pepper market expanded sharply to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Piper Pepper Production in the Philippines

In value terms, piper pepper production reduced notably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of piper pepper in the Philippines rose slightly to X kg per ha in 2022, picking up by X% against the previous year. Over the period under review, the yield, however, continues to indicate a abrupt decrease. The piper pepper yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of piper pepper were harvested in the Philippines; almost unchanged from the previous year's figure. Over the period under review, the harvested area continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with a decrease of X%. Over the period under review, the harvested area dedicated to piper pepper production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Piper Pepper Exports

Exports from the Philippines

In 2022, overseas shipments of piper pepper decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, piper pepper exports declined rapidly to $X in 2022. In general, exports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for piper pepper exports from the Philippines, accounting for a X% share of total exports. It was followed by Singapore (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to X%.

In value terms, Thailand ($X) remains the key foreign market for piper pepper exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to X%.

Export Prices by Country

The average piper pepper export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%).

Piper Pepper Imports

Imports into the Philippines

In 2022, supplies from abroad of piper pepper decreased by X% to X tons, falling for the third year in a row after five years of growth. In general, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, piper pepper imports rose rapidly to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value 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 increased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of piper pepper to the Philippines, with a X% share of total imports. Moreover, piper pepper imports from Vietnam exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. Malaysia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of piper pepper to the Philippines, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a temperate expansion 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, piper pepper import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($X per ton) and India ($X per ton), while the price for Malaysia ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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