Southern Asia: Chili And Pepper Market 2024

Chili And Pepper Market Size in Southern Asia

In 2022, the South Asian chili and pepper market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a prominent expansion. The level of consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Chili And Pepper Production in Southern Asia

In value terms, chili and pepper production rose significantly to $X in 2022 estimated in export price. Overall, production, however, saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Nepal (X tons), Sri Lanka (X tons) and India (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Nepal (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average chili and pepper yield skyrocketed to X tons per ha in 2022, picking up by X% compared with the previous year. The yield indicated temperate growth 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, chili and pepper yield decreased by X% against 2020 indices. Over the period under review, the chili and pepper yield attained the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat 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 chilies and peppers (green) were harvested in Southern Asia; with a decrease of X% against 2021 figures. Over the period under review, the harvested area, however, recorded a modest increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, and then reduced sharply in the following year.

Chili And Pepper Exports

Exports in Southern Asia

In 2022, the amount of chilies and peppers (green) exported in Southern Asia shrank to X tons, falling by X% against the year before. In general, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, chili and pepper exports rose significantly to $X in 2022. Total exports indicated a buoyant 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) represented the major exporter of chilies and peppers (green) in Southern Asia, comprising X% of total export.

India was also the fastest-growing in terms of the chilies and peppers (green) exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest chili and pepper supplier in Southern Asia.

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

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a prominent 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, chili and pepper export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Chili And Pepper Imports

Imports in Southern Asia

In 2022, imports of chilies and peppers (green) in Southern Asia surged to X tons, jumping by X% against 2021 figures. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, chili and pepper imports soared to $X in 2022. Over the period under review, imports showed a noticeable increase. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Afghanistan (X tons), Bangladesh (X tons) and Maldives (X tons) represented the major importer of chilies and peppers (green) in Southern Asia, committing X% of total import. It was distantly followed by Pakistan (X tons), creating a X% share of total imports. Nepal (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 Bangladesh (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 Southern Asia were Maldives ($X), Afghanistan ($X) and Bangladesh ($X), together accounting for X% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest growth rate of 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 Southern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform