Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia - 2023

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia (FOB) - 2022
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia (CIF) - 2022
  3. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia
  4. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia (FOB) - 2022

In 2022, the average export price for pepper of the genus piper, neither crushed nor ground amounted to $4,590 per ton, picking up by 19% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. Over the period under review, the average export prices reached the maximum at $8,262 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($5,809 per ton), while the average price for exports to Bulgaria ($3,306 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 Hungary (-0.8%), while the prices for the other major destinations experienced a decline.

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia (CIF) - 2022

In 2022, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $4,436 per ton, surging by 1.7% against the previous year. In general, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the peak figure at $8,018 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($22,157 per ton), while the price for Vietnam ($3,834 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia

In 2022, overseas shipments of pepper of the genus piper, neither crushed nor ground decreased by -6.1% to 682 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +39.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of 727 tons, and then reduced in the following year.

In value terms, exports of pepper of the genus piper, neither crushed nor ground expanded rapidly to $3.1M in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 87% against the previous year. Over the period under review, the exports of pepper of genus piper, neither crushed nor ground hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania4134411,0111,14640.5%
Poland31331057858423.1%
Russia12220571.327030.3%
Hungary63.013046919946.7%
Czech Republic73.971.485.917132.3%
Belarus18.755.966.9159104.1%
Lithuania56.985.717414135.3%
Bulgaria92.654.578.926.9-33.8%
SerbiaN/AN/A12424.1-80.6%
Others10813914040955.9%
Total1,2621,4932,7983,13135.4%

Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Latvia in 2022:

  1. Romania (260.5 tons)
  2. Poland (149.3 tons)
  3. Russia (46.5 tons)
  4. Czech Republic (44.5 tons)
  5. Hungary (37.0 tons)
  6. Belarus (32.6 tons)
  7. Lithuania (31.8 tons)
  8. Bulgaria (8.1 tons)
  9. Serbia (4.8 tons)

Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia

In 2022, after three years of growth, there was significant decline in supplies from abroad of pepper of the genus piper, neither crushed nor ground, when their volume decreased by -15.1% to 667 tons. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 80% against the previous year.

In value terms, imports of pepper of the genus piper, neither crushed nor ground fell to $3M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. As a result, imports attained the peak of $3.4M, and then shrank in the following year.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam3598532,0631,73969.2%
Brazil25022065240517.4%
EcuadorN/A48.7N/A297147.0%
Poland79.220616714522.3%
Lithuania90.312415712310.9%
Others355362387249-11.2%
Total1,1331,8133,4262,95737.7%

Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Latvia in 2022:

  1. Vietnam (453.5 tons)
  2. Brazil (100.0 tons)
  3. Ecuador (37.0 tons)
  4. Poland (35.5 tons)
  5. Lithuania (12.8 tons)

Source: IndexBox Market Intelligence Platform

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