Price for Pepper (of the Genus Piper), Crushed or Ground in the UK - 2023
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in the UK (CIF) - 2023
- Price for Pepper (of the Genus Piper), Crushed or Ground in the UK (FOB) - 2023
- Imports of Pepper (of the Genus Piper), Crushed or Ground in the UK
- Exports of Pepper (of the Genus Piper), Crushed or Ground in the UK
Price for Pepper (of the Genus Piper), Crushed or Ground in the UK (CIF) - 2023
The average import price for pepper (of the genus piper), crushed or ground stood at $6,339 per ton in December 2023, increasing by 3.8% against the previous month. Over the period under review, the import price, however, showed a slight reduction. The growth pace was the most rapid in March 2023 when the average import price increased by 8.3% against the previous month. Over the period under review, average import prices attained the maximum at $7,222 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Indonesia ($9,163 per ton), while the price for Brazil ($4,532 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pepper (of the Genus Piper), Crushed or Ground in the UK (FOB) - 2023
The average export price for pepper (of the genus piper), crushed or ground stood at $10,764 per ton in December 2023, growing by 42% against the previous month. In general, export price indicated a modest expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for pepper (of the genus piper), crushed or ground increased by +97.5% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 78% month-to-month. Over the period under review, the average export prices hit record highs at $13,131 per ton in July 2023; however, from August 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($30,257 per ton), while the average price for exports to the Netherlands ($6,980 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 Germany (+14.9%), 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 the UK
In 2022, purchases abroad of pepper (of the genus piper), crushed or ground decreased by -10.3% to 7.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 8.1% against the previous year. As a result, imports attained the peak of 9.2K 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 reached $46M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pepper (of the Genus Piper), Crushed or Ground in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 13.0 | 12.0 | 15.6 | 26.5 | 26.8% |
| Indonesia | 0.3 | 0.3 | 0.1 | 6.9 | 184.4% |
| India | 3.1 | 3.3 | 3.4 | 4.5 | 13.2% |
| Netherlands | 10.0 | 10.9 | 10.4 | 1.2 | -50.7% |
| Italy | 0.3 | 0.1 | 0.2 | 1.1 | 54.2% |
| United States | 0.7 | 0.8 | 0.7 | 1.1 | 16.3% |
| Spain | 2.1 | 2.2 | 1.6 | 1.0 | -21.9% |
| France | 5.3 | 4.9 | 5.1 | 0.3 | -61.6% |
| Germany | 2.2 | 1.9 | 0.7 | 0.1 | -64.3% |
| Others | 2.2 | 2.3 | 3.8 | 3.2 | 13.3% |
| Total | 39.2 | 38.7 | 41.6 | 45.8 | 5.3% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to the UK in 2022:
- Vietnam (4749.9 tons)
- Indonesia (884.4 tons)
- India (803.6 tons)
- Netherlands (418.2 tons)
- Italy (188.5 tons)
- United States (147.2 tons)
- Spain (137.4 tons)
- France (33.7 tons)
- Germany (12.0 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in the UK
In 2022, after three years of growth, there was significant decline in overseas shipments of pepper (of the genus piper), crushed or ground, when their volume decreased by -11.6% to 612 tons. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 692 tons, and then dropped in the following year.
In value terms, exports of pepper (of the genus piper), crushed or ground declined slightly to $4.4M in 2022. In general, exports recorded a noticeable slump. The growth pace was the most rapid in 2020 when exports increased by 0.8%. As a result, the exports attained the peak of $4.9M. 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 UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 1,774 | 2,001 | 1,678 | 1,627 | -2.8% |
| Poland | 73.8 | 148 | 104 | 558 | 96.3% |
| United Arab Emirates | 37.1 | 20.5 | 18.9 | 389 | 118.9% |
| Netherlands | 442 | 389 | 1,103 | 383 | -4.7% |
| Denmark | 125 | 117 | 237 | 335 | 38.9% |
| France | 314 | 293 | 301 | 248 | -7.6% |
| Germany | 460 | 303 | 175 | 142 | -32.4% |
| Turkey | 70.8 | 105 | 219 | 96.1 | 10.7% |
| Norway | 87.6 | 58.0 | 98.7 | 73.6 | -5.6% |
| Italy | 312 | 388 | 27.4 | 38.6 | -50.2% |
| Spain | 145 | 124 | 25.2 | 38.6 | -35.7% |
| India | 215 | 5.9 | 19.4 | N/A | -70.0% |
| Others | 801 | 947 | 432 | 457 | -17.1% |
| Total | 4,857 | 4,898 | 4,438 | 4,385 | -3.4% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from the UK in 2022:
- Ireland (208.0 tons)
- Netherlands (93.3 tons)
- Poland (75.5 tons)
- United Arab Emirates (54.7 tons)
- Germany (39.0 tons)
- France (36.4 tons)
- Denmark (15.9 tons)
- Turkey (15.1 tons)
- Norway (5.8 tons)
- Spain (5.7 tons)
- Italy (3.3 tons)
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