Price for Pepper (of the Genus Piper), Crushed or Ground in South Korea - 2022
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in South Korea (CIF) - 2022
- Price for Pepper (of the Genus Piper), Crushed or Ground in South Korea (FOB) - 2022
- Imports of Pepper (of the Genus Piper), Crushed or Ground in South Korea
- Exports of Pepper (of the Genus Piper), Crushed or Ground in South Korea
Price for Pepper (of the Genus Piper), Crushed or Ground in South Korea (CIF) - 2022
The average import price for pepper (of the genus piper), crushed or ground stood at $6,211 per ton in December 2022, approximately reflecting the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 19% against the previous month. As a result, import price reached the peak level of $7,605 per ton. From March 2022 to December 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From December 2021 to December 2022, the rate of growth in terms of prices for Vietnam amounted to +1.2% per month.
Price for Pepper (of the Genus Piper), Crushed or Ground in South Korea (FOB) - 2022
In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $11,443 per ton, approximately equating the previous year. Overall, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 113%. The export price peaked at $11,681 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($27,479 per ton), while the average price for exports to Mongolia ($4,866 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 China (+9.6%), 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 South Korea
In 2022, overseas purchases of pepper (of the genus piper), crushed or ground decreased by -6.5% to 757 tons, falling for the second year in a row after two years of growth. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% 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 decreased by -8.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 62%. As a result, imports attained the peak of 831 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of pepper (of the genus piper), crushed or ground soared to $4.9M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. Over the period under review, imports of pepper (of genus piper), crushed or ground hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Pepper (of the Genus Piper), Crushed or Ground in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1.9 | 3.0 | 3.4 | 4.3 | 31.3% |
| Malaysia | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Others | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Total | 2.3 | 3.5 | 4.0 | 4.9 | 28.7% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to South Korea in 2022:
- Vietnam (730.3 tons)
- Malaysia (7.4 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in South Korea
In 2022, exports of pepper (of the genus piper), crushed or ground from South Korea rose markedly to 91 tons, with an increase of 6.4% compared with 2021. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.6% 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 +107.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 70%. Over the period under review, the exports of pepper (of genus piper), crushed or ground attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of pepper (of the genus piper), crushed or ground rose rapidly to $1M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 46% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Pepper (of the Genus Piper), Crushed or Ground in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 105 | 198 | 238 | 334 | 47.1% |
| Kazakhstan | 29.0 | 60.6 | 107 | 152 | 73.7% |
| Vietnam | 77.2 | 162 | 147 | 141 | 22.2% |
| Australia | 68.4 | 68.6 | 68.4 | 71.9 | 1.7% |
| China | 19.6 | 45.0 | 75.5 | 47.8 | 34.6% |
| Brazil | N/A | 3.5 | 3.9 | 39.5 | 235.9% |
| Taiwan (Chinese) | 21.7 | 17.7 | 70.6 | 35.4 | 17.7% |
| Philippines | 38.6 | 27.4 | 21.9 | 32.8 | -5.3% |
| Canada | 30.9 | 45.7 | 38.7 | 29.6 | -1.4% |
| New Zealand | 15.1 | 15.6 | 14.0 | 21.2 | 12.0% |
| Bangladesh | 0.1 | 0.3 | 5.1 | 20.2 | 486.7% |
| Mongolia | 9.3 | 5.7 | 10.5 | 17.8 | 24.2% |
| Lebanon | 30.5 | N/A | N/A | N/A | 0% |
| Others | 64.6 | 94.8 | 171 | 95.5 | 13.9% |
| Total | 510 | 745 | 972 | 1,038 | 26.7% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from South Korea in 2022:
- Kazakhstan (23.8 tons)
- Vietnam (22.9 tons)
- United States (12.1 tons)
- Australia (5.4 tons)
- Brazil (5.1 tons)
- Mongolia (3.7 tons)
- Philippines (3.2 tons)
- Canada (2.3 tons)
- China (2.3 tons)
- Taiwan (Chinese) (1.7 tons)
- Bangladesh (1.5 tons)
- New Zealand (1.4 tons)
716
This report provides an in-depth analysis of the piper pepper market in Republic of Korea.
1755
This report provides an in-depth analysis of the spice market in Republic of Korea.
548
This report provides an in-depth analysis of the pimenta pepper market in Republic of Korea.
6958
This report provides an in-depth analysis of the global piper pepper market.
5623
This report provides an in-depth analysis of the global spice market.
1037
This report provides an in-depth analysis of the global pimenta pepper market.
716
This report provides an in-depth analysis of the piper pepper market in Republic of Korea.
1755
This report provides an in-depth analysis of the spice market in Republic of Korea.
548
This report provides an in-depth analysis of the pimenta pepper market in Republic of Korea.
6958
This report provides an in-depth analysis of the global piper pepper market.
1241
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5454
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6740
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1271
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
3920
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
15590
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%.
1989
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
1558
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
1324
India dominates in the global pepper trade. In 2014, India exported X thousand tons of pepper totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total pepper exports in value
1089
India dominates in the global pepper trade, significantly strengthening its position in the global export structure from X% in 2007 to X% in 2014. Its primary trading partner in 2014 was the U.S., where it supplied X% of its total pepper expor
