Eastern Europe: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Eastern Europe

The East European pimenta pepper market soared to $X in 2023, rising by X% against the previous year. The total consumption indicated a perceptible 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, consumption increased by X% against 2016 indices. The level of consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Pimenta Pepper Production in Eastern Europe

In value terms, pimenta pepper production surged to $X in 2023 estimated in export price. The total production indicated a temperate increase from 2012 to 2023: its value 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, production increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level in 2023 and is likely to continue growth in the near future.

Romania (X tons) remains the largest pimenta pepper producing country in Eastern Europe, comprising approx. X% of total volume. Moreover, pimenta pepper production in Romania exceeded the figures recorded by the second-largest producer, Hungary (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total production with a X% share.

In Romania, pimenta pepper production increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

In 2023, the average pimenta pepper yield in Eastern Europe shrank modestly to X tons per ha, therefore, remained relatively stable against 2022 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2023, the growth of the pimenta pepper yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of pimenta pepper were harvested in Eastern Europe; almost unchanged from 2022. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2022 to 2023, the growth of the pimenta pepper harvested area remained at a somewhat lower figure.

Pimenta Pepper Exports

Exports in Eastern Europe

In 2023, approx. X tons of pimenta pepper were exported in Eastern Europe; with a decrease of X% on 2022 figures. Overall, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, pimenta pepper exports expanded notably to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Hungary (X tons) and Poland (X tons) were the key exporters of pimenta pepper in Eastern Europe, together constituting X% of total exports. Romania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Latvia (X%), Slovakia (X%), Russia (X%) and Bulgaria (X%).

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

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

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Pimenta Pepper Imports

Imports in Eastern Europe

In 2023, after two years of growth, there was decline in overseas purchases of pimenta pepper, when their volume decreased by X% to X tons. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, pimenta pepper imports stood at $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Russia (X tons) and Poland (X tons) were the major importers of pimenta pepper in 2023, accounting for approx. X% and X% of total imports, respectively. Ukraine (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%), the Czech Republic (X%), Romania (X%), Bulgaria (X%) and Slovakia (X%).

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

In value terms, the largest pimenta pepper importing markets in Eastern Europe were Poland ($X), Russia ($X) and Ukraine ($X), together accounting for X% of total imports.

Among the main importing countries, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Eastern Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform