United Kingdom - Pepper - Market Analysis, Forecast, Size, Trends and Insights

United Kingdom: Pepper Market Overview 2020

Pepper Market Size in the UK

The revenue of the pepper market in the UK amounted to $X in 2018, waning 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). In general, pepper consumption, however, continues to indicate a strong increase. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. Over the period under review, the pepper market attained its peak figure level at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

Pepper Exports

Exports from the UK

In 2018, approx. X tonnes of pepper were exported from the UK; rising by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% year-to-year. Over the period under review, pepper exports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, pepper exports amounted to $X in 2018. Over the period under review, pepper exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, pepper exports reached their maximum at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

Ireland (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes) were the main destinations of pepper exports from the UK, together accounting for X% of total exports. India, Italy, Nigeria, France, Sierra Leone, Belgium, Sweden, Sri Lanka and Poland lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Sri Lanka, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pepper exported from the UK were Ireland ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. Nigeria, France, Italy, India, Belgium, Sweden, Poland, Sri Lanka and Sierra Leone lagged somewhat behind, together comprising a further X the main countries of destination, Sri Lanka recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pepper export price stood at $X per tonne in 2018, falling by -X% against the previous year. Over the period under review, the pepper export price, however, continues to indicate a modest expansion. The growth pace was the most rapid in 2014 when the average export price increased by X% y-o-y. In that year, the average export prices for pepper attained their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for pepper remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to Sierra Leone ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria, while the prices for the other major destinations experienced more modest paces of growth.

Pepper Imports

Imports into the UK

In 2018, the imports of pepper into the UK stood at X tonnes, shrinking by -X% against the previous year. Over the period under review, the total imports indicated buoyant growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pepper imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, pepper imports reached their peak figure at X tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, pepper imports stood at $X in 2018. Overall, pepper imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, pepper imports attained their maximum at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

Viet Nam (X tonnes), the Netherlands (X tonnes) and India (X tonnes) were the main suppliers of pepper imports to the UK, with a combined X% share of total imports. France, Spain, Germany, the U.S., China, Indonesia and Kenya lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest pepper suppliers to the UK were Viet Nam ($X), the Netherlands ($X) and India ($X), together accounting for X% of total imports. These countries were followed by France, Germany, Indonesia, Spain, China, the U.S. and Kenya, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pepper import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price indicated a conspicuous increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pepper import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Kenya ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform