GCC: Chili And Pepper Market 2024

Chili And Pepper Market Size in GCC

In 2023, the GCC chili and pepper market increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption posted a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Chili And Pepper Production in GCC

In value terms, chili and pepper production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2022, and then fell slightly in the following year.

The countries with the highest volumes of production in 2023 were Saudi Arabia (X tons), Oman (X tons) and Kuwait (X tons), together comprising X% of total production.

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

The average chili and pepper yield contracted slightly to X tons per ha in 2023, remaining relatively unchanged against the previous year. The yield indicated noticeable growth from 2012 to 2023: its figure 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, chili and pepper yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2023, the yield failed to regain momentum. 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 chilies and peppers (green) were harvested in GCC; with a decrease of X% on 2022. Over the period under review, the harvested area, however, recorded a prominent increase. The growth pace was the most rapid in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2022, and then declined in the following year.

Chili And Pepper Exports

Exports in GCC

After two years of decline, shipments abroad of chilies and peppers (green) increased by X% to X tons in 2023. Total exports indicated slight growth from 2012 to 2023: its volume 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, chili and pepper exports expanded notably to $X in 2023. Total exports indicated noticeable 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Saudi Arabia (X tons), Oman (X tons) and the United Arab Emirates (X tons) was the largest exporter of chilies and peppers (green) in GCC, generating X% of total export.

From 2012 to 2023, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest chili and pepper supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together accounting for X% of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, waning by X% against the previous year. Export price indicated a slight 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, chili and pepper export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted sharply in the following year.

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

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

Chili And Pepper Imports

Imports in GCC

Chili and pepper imports skyrocketed to X tons in 2023, jumping by X% against 2022 figures. In general, imports enjoyed measured growth. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports soared to $X in 2023. Total imports indicated a strong 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of around X tons, which recorded X% of total imports. Kuwait (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%), Qatar (X%) and Oman (X%). Bahrain (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%), Kuwait (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. Saudi Arabia experienced a relatively flat trend pattern. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kuwait, Oman and Qatar increased by X, X and X percentage points, respectively.

In value terms, the largest chili and pepper importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), together comprising X% of total imports.

Among the main importing countries, Qatar, with a CAGR of X%, saw the highest growth rate of 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 GCC stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, showed a slight increase. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined markedly 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 Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform