Price for Pepper (of the Genus Piper), Crushed or Ground in the Philippines - 2023
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in the Philippines (CIF) - 2022
- Price for Pepper (of the Genus Piper), Crushed or Ground in the Philippines (FOB) - 2022
- Imports of Pepper (of the Genus Piper), Crushed or Ground in the Philippines
- Exports of Pepper (of the Genus Piper), Crushed or Ground in the Philippines
Price for Pepper (of the Genus Piper), Crushed or Ground in the Philippines (CIF) - 2022
The average import price for pepper (of the genus piper), crushed or ground stood at $6,472 per ton in 2022, growing by 23% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +87.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($6,473 per ton) and Vietnam ($6,472 per ton), while the price for Singapore ($6,466 per ton) and China ($6,469 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pepper (of the Genus Piper), Crushed or Ground in the Philippines (FOB) - 2022
In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $7,209 per ton, picking up by 14% against the previous year. In general, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 an increase of 20%. Over the period under review, the average export prices reached the maximum at $15,431 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($7,212 per ton), while the average price for exports to Thailand ($7,209 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 Singapore (+14.4%), while the prices for the other major destinations experienced a decline.
Imports of Pepper (of the Genus Piper), Crushed or Ground in the Philippines
In 2022, the amount of pepper (of the genus piper), crushed or ground imported into the Philippines rose markedly to 687 tons, increasing by 7.6% against the previous year's figure. Overall, imports, however, recorded a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 68%.
In value terms, imports of pepper (of the genus piper), crushed or ground skyrocketed to $4.4M in 2022. In general, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. Over the period under review, imports of pepper (of genus piper), crushed or ground hit record highs in 2022 and are expected to retain growth in years to come.
Import of Pepper (of the Genus Piper), Crushed or Ground in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 1,720 | 913 | 1,758 | 2,459 | 12.7% |
India | 771 | 706 | 1,139 | 1,461 | 23.7% |
United States | 36.1 | 2.1 | 95.8 | 174 | 68.9% |
South Korea | 61.3 | 220 | 176 | 171 | 40.8% |
Germany | 30.7 | 9.5 | 37.2 | 94.4 | 45.4% |
China | 31.0 | 69.9 | 7.8 | 7.7 | -37.1% |
Others | 48.8 | 21.5 | 135 | 81.0 | 18.4% |
Total | 2,698 | 1,942 | 3,349 | 4,447 | 18.1% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to the Philippines in 2022:
- Vietnam (379.9 tons)
- India (225.7 tons)
- United States (26.8 tons)
- South Korea (26.5 tons)
- Germany (14.6 tons)
- China (1.2 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in the Philippines
In 2022, shipments abroad of pepper (of the genus piper), crushed or ground decreased by -80.8% to 34 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 629% against the previous year. As a result, the exports reached the peak of 532 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of pepper (of the genus piper), crushed or ground dropped significantly to $247K in 2022. Overall, exports recorded a significant contraction. The growth pace was the most rapid in 2020 when exports increased by 298%. As a result, the exports attained the peak of $2.8M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Pepper (of the Genus Piper), Crushed or Ground in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 694 | 2,784 | 1,098 | 228 | -31.0% |
Singapore | N/A | N/A | 16.0 | 14.4 | -10.0% |
Malaysia | 2.0 | N/A | 10.1 | 4.9 | 34.8% |
Others | 4.5 | N/A | 3.6 | 0.1 | -71.9% |
Total | 700 | 2,784 | 1,127 | 247 | -29.3% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from the Philippines in 2022:
- Thailand (31.6 tons)
- Singapore (2.0 tons)
- Malaysia (0.7 tons)
This report provides an in-depth analysis of the piper pepper market in the Philippines.
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This report provides an in-depth analysis of the piper pepper market in the Philippines.
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Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
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
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%.
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
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
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
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