South-Eastern Asia: Chili And Pepper Market 2024

Chili And Pepper Market Size in South-Eastern Asia

In 2022, the Southeast Asian chili and pepper market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a strong increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Chili And Pepper Production in South-Eastern Asia

In value terms, chili and pepper production contracted to $X in 2022 estimated in export price. Over the period under review, production posted buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Indonesia (X tons) remains the largest chili and pepper producing country in South-Eastern Asia, accounting for X% of total volume. It was followed by Vietnam (X tons), with a X% share of total production.

In Indonesia, chili and pepper production expanded at an average annual rate of X% over the period from 2012-2022.

In 2022, the average chili and pepper yield in South-Eastern Asia expanded rapidly to X tons per ha, surging by X% against 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is likely to continue growth in the near future. 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 chilies and peppers (green) production in South-Eastern Asia expanded modestly to X ha, picking up by X% against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of harvested area peaked in 2022 and is likely to continue growth in years to come.

Chili And Pepper Exports

Exports in South-Eastern Asia

After two years of growth, shipments abroad of chilies and peppers (green) decreased by X% to X tons in 2022. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, chili and pepper exports dropped rapidly to $X in 2022. In general, exports, however, posted buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Thailand was the largest exporter of chilies and peppers (green) in South-Eastern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Myanmar (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons) and Malaysia (X tons). All these countries together held near X% share of total exports.

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

In value terms, Thailand ($X), Vietnam ($X) and Myanmar ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Chili And Pepper Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of chilies and peppers (green) increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, chili and pepper imports rose notably to $X in 2022. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X tons) and Malaysia (X tons) prevails in imports structure, together mixing up X% of total imports. It was distantly followed by Singapore (X tons), comprising a X% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chili and pepper importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Singapore ($X), together comprising X% of total imports.

Among the main importing countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform