U.S.: Piper Pepper Market 2022

Piper Pepper Market Size in the U.S.

The U.S. piper pepper market skyrocketed to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. Piper pepper consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Piper Pepper Exports

Exports from the U.S.

In 2021, overseas shipments of piper pepper increased by X% to X tonnes, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. As a result, the exports attained the peak of X tonnes. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, piper pepper exports rose markedly to $X in 2021. In general, exports, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for piper pepper exports from the United States, accounting for a X% share of total exports. Moreover, piper pepper exports to Canada exceeded the volume sent to the second major destination, Mexico (X tonnes), eightfold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and South Korea (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value to Canada totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The average piper pepper export price stood at $X per tonne in 2021, standing approx. at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per tonne), while the average price for exports to Bahamas ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Piper Pepper Imports

Imports into the U.S.

In 2021, the amount of piper pepper imported into the United States rose notably to X tonnes, surging by X% against the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, piper pepper imports skyrocketed to $X in 2021. Overall, imports continue to indicate a pronounced descent. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tonnes) constituted the largest supplier of piper pepper to the United States, accounting for a X% share of total imports. Moreover, piper pepper imports from Vietnam exceeded the figures recorded by the second-largest supplier, Brazil (X tonnes), sixfold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and India (-X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Brazil (-X% per year).

Import Prices by Country

The average piper pepper import price stood at $X per tonne in 2021, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The import price peaked at $X per tonne in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per tonne) and Indonesia ($X per tonne), while the price for Brazil ($X per tonne) and Vietnam ($X per tonne) were amongst the lowest.

From 2012 to 2021, 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