MERCOSUR: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in MERCOSUR

In 2023, the MERCOSUR pimenta pepper market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Pimenta Pepper Production in MERCOSUR

In value terms, pimenta pepper production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2022, and then fell slightly in the following year.

Peru (X tons) constituted the country with the largest volume of pimenta pepper production, comprising approx. X% of total volume. Moreover, pimenta pepper production in Peru exceeded the figures recorded by the second-largest producer, Colombia (X tons), tenfold.

In Peru, pimenta pepper production remained relatively stable over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Colombia (X% per year) and Argentina (X% per year).

The average pimenta pepper yield shrank to X tons per ha in 2023, which is down by X% on the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha, and then fell 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 MERCOSUR stood at X ha, growing by X% compared with 2022 figures. Overall, the harvested area, however, continues to indicate a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to pimenta pepper production attained the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Pimenta Pepper Exports

Exports in MERCOSUR

After four years of growth, overseas shipments of pimenta pepper decreased by X% to X tons in 2023. Over the period under review, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, pimenta pepper exports shrank to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

Peru prevails in exports structure, amounting to X tons, which was near X% of total exports in 2023. Colombia (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%).

Exports from Peru decreased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Colombia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest pimenta pepper supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Peru, pimenta 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: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, dropping 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 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped modestly in the following year.

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

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

Pimenta Pepper Imports

Imports in MERCOSUR

In 2023, approx. X tons of pimenta pepper were imported in MERCOSUR; growing by X% on the year before. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, pimenta pepper imports rose to $X in 2023. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Brazil was the key importing country with an import of about X tons, which finished at X% of total imports. Argentina (X tons) held the second position in the ranking, followed by Chile (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. Peru (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pimenta pepper imports into Brazil stood at X%. At the same time, Colombia (X%), Argentina (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. Uruguay experienced a relatively flat trend pattern. From 2012 to 2023, the share of Brazil, Colombia and Argentina increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported pimenta pepper in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Brazil, pimenta pepper imports 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: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uruguay ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform