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

Contents:

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

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

In March 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $5,819 per ton, surging by 14% against the previous month. Over the period under review, export price indicated resilient growth from March 2021 to March 2022: its price increased at an average monthly rate of +6.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for pepper (of the genus piper), crushed or ground increased by +20.9% against January 2022 indices. The most prominent rate of growth was recorded in April 2021 an increase of 81% m-o-m. The export price peaked at $6,334 per ton in November 2021; however, from December 2021 to March 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($7,500 per ton), while the average price for exports to Germany ($3,950 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.2%), 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 Indonesia (CIF) - 2022

The average import price for pepper (of the genus piper), crushed or ground stood at $5,478 per ton in March 2022, waning by -14.9% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2021 when the average import price increased by 88% m-o-m. As a result, import price attained the peak level of $8,001 per ton. From October 2021 to March 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($12,400 per ton), while the price for the United States ($2,278 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of pepper (of the genus piper), crushed or ground exported from Indonesia declined markedly to 1.1K tons, with a decrease of -36.7% on the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of 1.8K tons, and then declined markedly in the following year.

In value terms, exports of pepper (of the genus piper), crushed or ground declined significantly to $6.8M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of $8.8M, and then fell rapidly in the following year.

Export of Pepper (of the Genus Piper), Crushed or Ground in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan2,1801,5711,8463,14213.0%
Netherlands1,3271,4142,2141,5906.2%
United States3366101,30466225.4%
India28.4159706372135.7%
HungaryN/A1.0N/A2511484.3%
Germany6.153.6204157195.3%
Taiwan (Chinese)42022024099.1-38.2%
Timor-Leste29.735.129.846.115.8%
Belgium36119176.4N/A-54.0%
Others8197962,213449-18.2%
Total5,5065,0518,8336,7697.1%

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

  1. Japan (532.0 tons)
  2. Netherlands (224.1 tons)
  3. India (105.3 tons)
  4. United States (93.0 tons)
  5. Hungary (42.7 tons)
  6. Timor-Leste (30.6 tons)
  7. Germany (29.0 tons)
  8. Taiwan (Chinese) (6.9 tons)

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

For the fourth consecutive year, Indonesia recorded growth in supplies from abroad of pepper (of the genus piper), crushed or ground, which increased by 33% to 310 tons in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 119%. Over the period under review, imports of pepper (of genus piper), crushed or ground attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of pepper (of the genus piper), crushed or ground surged to $2.1M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 114%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Pepper (of the Genus Piper), Crushed or Ground in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam9.34784891,507445.2%
Thailand5.726.6116167208.3%
Malaysia64.310415015233.2%
South Korea11615517285.4-9.7%
China5.615.012.670.0132.1%
United States58.951.357.459.90.6%
Netherlands36.111.131.419.7-18.3%
Japan50.418.036.612.8-36.7%
Australia40.416.82.29.3-38.7%
India34.235.634.44.9-47.7%
Others6.93.60.51.9-34.9%
Total4279141,1022,09069.8%

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

  1. Vietnam (209.2 tons)
  2. South Korea (22.3 tons)
  3. United States (20.0 tons)
  4. China (19.8 tons)
  5. Malaysia (15.6 tons)
  6. Thailand (14.8 tons)
  7. Netherlands (2.4 tons)
  8. Australia (2.2 tons)
  9. Japan (1.9 tons)
  10. India (0.8 tons)

Source: IndexBox Market Intelligence Platform

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