Price for Pepper (of the Genus Piper), Crushed or Ground in Guatemala - 2023

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Guatemala (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Guatemala (FOB) - 2023
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Guatemala
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Guatemala

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

The average import price for pepper (of the genus piper), crushed or ground stood at $4,670 per ton in 2022, picking up by 4.7% against the previous year. In general, the import price, however, saw a pronounced curtailment. The growth pace was the most rapid in 2015 an increase of 22% against the previous year. As a result, import price reached the peak level of $7,275 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,262 per ton), while the price for El Salvador ($3,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pepper (of the Genus Piper), Crushed or Ground in Guatemala (FOB) - 2023

The average export price for pepper (of the genus piper), crushed or ground stood at $6,590 per ton in December 2023, increasing by 2.6% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 224% against the previous month. Over the period under review, the average export prices reached the maximum at $6,903 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Nicaragua ($9,675 per ton), while the average price for exports to Belize ($3,364 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of pepper (of the genus piper), crushed or ground imported into Guatemala soared to 325 tons, increasing by 25% on the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of pepper (of the genus piper), crushed or ground surged to $1.5M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Pepper (of the Genus Piper), Crushed or Ground in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam0.11484356771791.7%
United States16116522226518.1%
India20584.574.52405.4%
China0.51.023.4142557.3%
Spain65926528095.8-47.4%
Costa Rica84.292.483.944.8-19.0%
El Salvador31.244.641.238.27.0%
Others3.1N/A0.812.760.0%
Total1,1448021,1611,5169.8%

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

  1. Vietnam (148.3 tons)
  2. India (67.4 tons)
  3. China (38.4 tons)
  4. United States (28.6 tons)
  5. Spain (18.0 tons)
  6. El Salvador (11.1 tons)
  7. Costa Rica (9.1 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of pepper (of the genus piper), crushed or ground, when their volume decreased by -9.1% to 172 tons. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 32% against the previous year.

In value terms, exports of pepper (of the genus piper), crushed or ground shrank to $1M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 32%.

Export of Pepper (of the Genus Piper), Crushed or Ground in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nicaragua16717530926216.2%
Mexico2403112712471.0%
El Salvador41.411316619066.2%
Costa Rica20.572.410814893.3%
Honduras77.010215910310.2%
Belize15.531.629.730.925.9%
United States2.53.613.917.189.8%
Others61.721.025.027.3-23.8%
Total6268291,0821,02617.9%

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

  1. El Salvador (46.6 tons)
  2. Mexico (38.2 tons)
  3. Nicaragua (31.3 tons)
  4. Costa Rica (24.1 tons)
  5. Honduras (13.5 tons)
  6. Belize (8.2 tons)
  7. United States (5.1 tons)

Source: IndexBox Market Intelligence Platform

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