Asia: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Asia

After three years of growth, the Asian pimenta pepper market decreased by X% to $X in 2023. The total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2022, and then contracted slightly in the following year.

Pimenta Pepper Production in Asia

In value terms, pimenta pepper production totaled $X in 2023 estimated in export price. The total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs in 2023 and is expected to retain growth in the immediate term.

India (X tons) constituted the country with the largest volume of pimenta pepper production, accounting for X% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in India stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Thailand (X% per year).

In 2023, the average yield of pimenta pepper in Asia reduced modestly to X tons per ha, remaining relatively unchanged against 2022. The yield indicated temperate growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pimenta pepper yield increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the pimenta pepper yield hit record highs at X tons per ha in 2022, and then fell slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of pimenta pepper in Asia amounted to X ha, flattening at 2022. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to pimenta pepper production reached the peak figure at X ha in 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Pimenta Pepper Exports

Exports in Asia

In 2023, approx. X tons of pimenta pepper were exported in Asia; picking up by X% compared with the previous year. Over the period under review, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, pimenta pepper exports surged to $X in 2023. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

In 2023, India (X tons) represented the largest exporter of pimenta pepper, mixing up X% of total exports. It was distantly followed by China (X tons), comprising a X% share of total exports. Uzbekistan (X tons) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Pimenta Pepper Imports

Imports in Asia

Pimenta pepper imports expanded significantly to X tons in 2023, picking up by X% compared with the previous year's figure. Total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, pimenta pepper imports expanded rapidly to $X in 2023. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Imports by Country

In 2023, China (X tons), distantly followed by Thailand (X tons), Indonesia (X tons), Malaysia (X tons), Bangladesh (X tons) and Sri Lanka (X tons) represented the main importers of pimenta pepper, together constituting X% of total imports. The following importers - Kazakhstan (X tons), Japan (X tons), the United Arab Emirates (X tons) and Nepal (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Kazakhstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, pimenta pepper import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform