Price for Pepper (of the Genus Piper), Crushed or Ground in Ecuador - 2022

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Ecuador (FOB) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Ecuador (CIF) - 2022
  3. Exports of Pepper (of the Genus Piper), Crushed or Ground in Ecuador
  4. Imports of Pepper (of the Genus Piper), Crushed or Ground in Ecuador

Price for Pepper (of the Genus Piper), Crushed or Ground in Ecuador (FOB) - 2022

In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $5,015 per ton, rising by 75% against the previous year. Overall, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 77% against the previous year. Over the period under review, the average export prices hit record highs at $6,447 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($22,490 per ton), while the average price for exports to the United States ($2,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+690.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Pepper (of the Genus Piper), Crushed or Ground in Ecuador (CIF) - 2022

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $8,968 per ton, with an increase of 107% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,954 per ton), while the price for Spain stood at $8,386 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.3%).

Exports of Pepper (of the Genus Piper), Crushed or Ground in Ecuador

Exports of pepper (of the genus piper), crushed or ground from Ecuador contracted to 87 tons in 2022, with a decrease of -12.6% on the year before. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 206%.

In value terms, exports of pepper (of the genus piper), crushed or ground soared to $435K in 2022. Over the period under review, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 126%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Pepper (of the Genus Piper), Crushed or Ground in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.10.14.1169245.4%
United States6.8N/A64.6152181.7%
United KingdomN/AN/A131103-21.4%
Peru0.99.99.210.0123.1%
ArgentinaN/A12.215.4N/A26.2%
South Africa36.6N/A1.1N/A-82.7%
Colombia0.6N/AN/AN/A0%
Canada34495.551.5N/A-61.3%
Others29.28.68.11.4-63.7%
Total4231262854350.9%

Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Ecuador in 2022:

  1. United States (73.0 tons)
  2. Germany (7.5 tons)
  3. United Kingdom (4.6 tons)
  4. Peru (1.6 tons)

Imports of Pepper (of the Genus Piper), Crushed or Ground in Ecuador

After three years of growth, purchases abroad of pepper (of the genus piper), crushed or ground decreased by -57.2% to 21 tons in 2022. Over the period under review, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 36%.

In value terms, imports of pepper (of the genus piper), crushed or ground contracted to $186K in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. As a result, imports reached the peak of $223K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Pepper (of the Genus Piper), Crushed or Ground in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain62.381.215.510920.5%
United States38.153.840.876.526.2%
VietnamN/AN/A69.1N/A0%
Others62.487.985.00.6-78.7%
Total1632232101864.5%

Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Ecuador in 2022:

  1. Spain (13.0 tons)
  2. United States (7.7 tons)

Source: IndexBox Market Intelligence Platform

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