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World - Pimenta Pepper - Market Analysis, Forecast, Size, Trends and Insights
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The global pimenta pepper market is forecasted to see continued growth in both volume and value terms from 2022 to 2030, driven by increasing demand worldwide. Key findings include India leading in both consumption and production, China showing significant growth in imports, and the United States being a major importer. The market is expected to expand with a CAGR of +2.3% in volume and +4.6% in value, reaching 6.1M tons and $17.6B by 2030 respectively. Overall, the market is poised for growth in the coming years.
Market Forecast
Driven by increasing demand for pimenta pepper worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.3% for the period from 2022 to 2030, which is projected to bring the market volume to 6.1M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $17.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Pimenta Pepper
In 2022, approx. 5.1M tons of pimenta pepper were consumed worldwide; approximately equating 2021. The total consumption volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption hit record highs in 2022 and is expected to retain growth in years to come.
The global pimenta pepper market revenue reduced modestly to $12.3B in 2022, with a decrease of -3% 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). The market value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $12.7B in 2021, and then dropped modestly in the following year.
Consumption By Country
The country with the largest volume of pimenta pepper consumption was India (1.5M tons), accounting for 29% of total volume. Moreover, pimenta pepper consumption in India exceeded the figures recorded by the second-largest consumer, Bangladesh (657K tons), twofold. Thailand (401K tons) ranked third in terms of total consumption with a 7.9% share.
From 2012 to 2022, the average annual growth rate of volume in India stood at +4.6%. In the other countries, the average annual rates were as follows: Bangladesh (+16.0% per year) and Thailand (+4.3% per year).
In value terms, India ($3B), Ethiopia ($1.7B) and Bangladesh ($1.3B) were the countries with the highest levels of market value in 2022, with a combined 48% share of the global market. Thailand, China, the United States, Pakistan, Cote d'Ivoire, Myanmar, Nepal, Ghana, Vietnam and Benin lagged somewhat behind, together accounting for a further 27%.
Nepal, with a CAGR of +17.8%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of pimenta pepper per capita consumption in 2022 were Benin (10 kg per person), Thailand (5.7 kg per person) and Cote d'Ivoire (4.7 kg per person).
From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +14.7%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Pimenta Pepper
For the third consecutive year, the global market recorded growth in production of pimenta pepper, which increased by 0.2% to 5.1M tons in 2022. The total output volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 14%. Over the period under review, global production attained the peak volume in 2022 and is expected to retain growth in the near future. The general positive trend in terms output was largely conditioned by perceptible growth of the harvested area and a noticeable increase in yield figures.
In value terms, pimenta pepper production shrank to $12.2B in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.2% against 2014 indices. The growth pace was the most rapid in 2015 when the production volume increased by 24%. Global production peaked at $13.2B in 2021, and then reduced in the following year.
Production By Country
India (1.9M tons) constituted the country with the largest volume of pimenta pepper production, accounting for 37% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, Bangladesh (625K tons), threefold. Ethiopia (329K tons) ranked third in terms of total production with a 6.5% share.
In India, pimenta pepper production expanded at an average annual rate of +3.7% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (+17.4% per year) and Ethiopia (+7.6% per year).
Yield
In 2022, the global average pimenta pepper yield reached 2.9 tons per ha, stabilizing at 2021 figures. The yield figure increased at an average annual rate of +3.9% 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 2021 with an increase of 14% against the previous year. The global yield peaked in 2022 and is expected to retain growth in the near future.
Harvested Area
In 2022, approx. 1.7M ha of pimenta pepper were harvested worldwide; approximately equating the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 5.7% against the previous year. The global harvested area peaked at 1.8M ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.
Imports
World Imports of Pimenta Pepper
After five years of growth, overseas purchases of pimenta pepper decreased by -12.4% to 971K tons in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. Over the period under review, global imports reached the maximum at 1.1M tons in 2021, and then declined in the following year.
In value terms, pimenta pepper imports amounted to $2.7B in 2022. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 16%. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in years to come.
Imports By Country
The United States (176K tons) and China (135K tons) were the largest importers of pimenta pepper in 2022, amounting to near 18% and 14% of total imports, respectively. Thailand (83K tons) took the next position in the ranking, followed by Spain (71K tons), Malaysia (51K tons), Indonesia (48K tons) and Sri Lanka (48K tons). All these countries together held approx. 31% share of total imports. Bangladesh (33K tons), Mexico (31K tons), Germany (26K tons), the UK (16K tons), the Netherlands (15K tons) and Japan (15K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($476M), China ($349M) and Thailand ($215M) were the countries with the highest levels of imports in 2022, together comprising 38% of global imports.
China, with a CAGR of +28.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average pimenta pepper import price amounted to $2,794 per ton, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($4,967 per ton), while Bangladesh ($2,187 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.9%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Pimenta Pepper
In 2022, after three years of growth, there was significant decline in shipments abroad of pimenta pepper, when their volume decreased by -13.8% to 949K tons. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 31%. Over the period under review, the global exports attained the maximum at 1.1M tons in 2021, and then declined in the following year.
In value terms, pimenta pepper exports contracted slightly to $2.7B in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. The global exports peaked at $2.7B in 2021, and then dropped in the following year.
Exports By Country
India represented the key exporting country with an export of about 406K tons, which recorded 43% of total exports. China (249K tons) ranks second in terms of the total exports with a 26% share, followed by Spain (8.7%) and Peru (4.6%). Mexico (40K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mexico (with a CAGR of +15.0%), while the other global leaders experienced more modest paces of growth.
In value terms, India ($1.1B), China ($705M) and Spain ($272M) were the countries with the highest levels of exports in 2022, with a combined 76% share of global exports. Peru and Mexico lagged somewhat behind, together accounting for a further 7.8%.
Mexico, with a CAGR of +12.6%, saw 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 global leaders experienced more modest paces of growth.
Export Prices By Country
The average pimenta pepper export price stood at $2,841 per ton in 2022, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($3,287 per ton), while Mexico ($1,829 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global pimenta pepper market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 689 - Pimento
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This...
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
From 2007 to 2015, global exports on the pepper market surged by +X% per year, amounting to X million USD in 2015. This was X million USD (X%) more than in 2014. In physical terms, exports stood at X thousand to
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. From 2007 to 2015, it expanded with a CAGR of +X%.
In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
According to market research conducted by IndexBox, global pepper production was estimated at X thousand tons in 2015, an increase of X thousand tons than in 2014. In value terms, production reached record levels, increasing to X million USD