EU: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in the EU

In 2023, the EU pimenta pepper market increased by X% to $X, rising for the eighth consecutive year after three years of decline. 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 2015 indices. Over the period under review, the market reached the maximum level in 2023 and is likely to see gradual growth in the immediate term.

Pimenta Pepper Production in the EU

In value terms, pimenta pepper production stood at $X in 2023 estimated in export price. The total production indicated notable growth 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 when the production volume increased by X%. The level of production peaked in 2023 and is expected to retain growth in the near future.

Romania (X tons) remains the largest pimenta pepper producing country in the European Union, 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 third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in Romania totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Hungary (X% per year) and Spain (X% per year).

In 2023, the average yield of pimenta pepper in the European Union dropped to X tons per ha, with a decrease of X% compared with the year before. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the yield attained 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, the total area harvested in terms of pimenta pepper production in the European Union amounted to X ha, remaining stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the harvested area attained 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 the EU

In 2023, shipments abroad of pimenta pepper decreased by X% to X tons, falling for the second year in a row after ten years of growth. Total exports indicated resilient growth 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 most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, pimenta pepper exports totaled $X in 2023. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Spain prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%). The following exporters - Belgium (X tons), Austria (X tons) and France (X tons) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to pimenta pepper exports from Spain stood at X%. At the same time, Belgium (X%), the Netherlands (X%), Austria (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. While the share of Spain (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest pimenta pepper supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

In Spain, pimenta pepper exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven years, 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.

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

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

Pimenta Pepper Imports

Imports in the EU

After eleven years of growth, supplies from abroad of pimenta pepper decreased by X% to X tons in 2023. Total imports indicated noticeable growth 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. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, pimenta pepper imports totaled $X in 2023. Total imports 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Spain was the largest importer of pimenta pepper in the European Union, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%) and France (X%). The following importers - Poland (X tons), Austria (X tons), Hungary (X tons), Belgium (X tons), Italy (X tons), the Czech Republic (X tons), Romania (X tons) and Sweden (X tons) - together made up X% of total imports.

Imports into Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Hungary (X%), France (X%), Belgium (X%), Italy (X%), Austria (X%), the Netherlands (X%), Poland (X%), Sweden (X%), Germany (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Spain (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. France, Poland, Austria, Italy, Belgium, Hungary, the Czech Republic, Sweden and Romania lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 the European Union stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform