Asia: Piper Pepper Market 2024

Piper Pepper Market Size in Asia

The Asian piper pepper market rose sharply to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a strong increase 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 2020 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Piper Pepper Production in Asia

In value terms, piper pepper production dropped to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of piper pepper production was Vietnam (X tons), comprising approx. X% of total volume. Moreover, piper pepper production in Vietnam exceeded the figures recorded by the second-largest producer, Indonesia (X tons), sevenfold. India (X tons) ranked third in terms of total production with a X% share.

In Vietnam, piper pepper production expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and India (X% per year).

The average piper pepper yield stood at X tons per ha in 2023, with an increase of X% on the previous year's figure. The yield indicated pronounced 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, piper pepper yield decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2023. 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 piper pepper in Asia amounted to X ha, approximately mirroring the year before. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to piper pepper production attained the maximum at X ha in 2020; however, from 2021 to 2023, the harvested area stood at a somewhat lower figure.

Piper Pepper Exports

Exports in Asia

In 2023, the amount of piper pepper exported in Asia rose sharply to X tons, picking up by X% on the previous year's figure. Total exports indicated a pronounced increase 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, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, piper pepper exports declined modestly to $X in 2023. Overall, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Vietnam (X tons) represented the main exporter of piper pepper, mixing up X% of total exports. Indonesia (X tons) ranks second in terms of the total exports with an X% share, followed by India (X%). Sri Lanka (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the piper pepper exports, with a CAGR of X% from 2012 to 2023. At the same time, Sri Lanka (X%) displayed positive paces of growth. By contrast, Malaysia (X%), Indonesia (X%) and India (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Malaysia (X p.p.), India (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest piper pepper supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.

In Vietnam, piper pepper exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Sri Lanka (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, waning by X% against the previous year. Overall, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Vietnam ($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 a decline in the export price figures.

Piper Pepper Imports

Imports in Asia

Piper pepper imports rose to X tons in 2023, picking up by X% against 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, piper pepper imports shrank to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, India (X tons), distantly followed by the United Arab Emirates (X tons), Vietnam (X tons), Pakistan (X tons), Japan (X tons), Turkey (X tons) and South Korea (X tons) represented the key importers of piper pepper, together committing X% of total imports. The Philippines (X tons), China (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Iran (X tons) and Thailand (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%), Pakistan (X%), Thailand (X%), Iran (X%), the Philippines (X%), the United Arab Emirates (X%), South Korea (X%), China (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Pakistan (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported piper pepper in Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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 ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform