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

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Panama (CIF) - 2022
  2. Imports of Pepper (of the Genus Piper), Crushed or Ground in Panama

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

In 2022, the average import price for pepper (of the genus piper), crushed or ground amounted to $5,695 per ton, increasing by 3.2% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pepper (of the genus piper), crushed or ground increased by +4.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 94% against the previous year. The import price peaked at $7,856 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,880 per ton), while the price for China ($2,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, imports of pepper (of the genus piper), crushed or ground into Panama reduced remarkably to 148 tons, which is down by -37.6% on 2021 figures. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of 238 tons, and then declined markedly in the following year.

In value terms, imports of pepper (of the genus piper), crushed or ground fell markedly to $845K in 2022. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of $1.3M, and then plummeted in the following year.

Import of Pepper (of the Genus Piper), Crushed or Ground in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States357298405343-1.3%
Vietnam14824125825119.3%
India255220465122-21.8%
Costa Rica42.950.370.929.0-12.2%
China56.03.23.723.2-25.5%
Turkey1.0N/A0.26.788.5%
Others17257.111070.6-25.7%
Total1,0328701,313845-6.4%

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

  1. United States (49.8 tons)
  2. Vietnam (38.1 tons)
  3. India (28.9 tons)
  4. Costa Rica (11.9 tons)
  5. China (10.5 tons)
  6. Turkey (2.6 tons)

Source: IndexBox Market Intelligence Platform

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