MERCOSUR: Piper Pepper Market 2024

Piper Pepper Market Size in MERCOSUR

The MERCOSUR piper pepper market rose rapidly to $X in 2023, increasing by X% against the previous year. In general, consumption faced a deep contraction. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Piper Pepper Production in MERCOSUR

In value terms, piper pepper production contracted markedly to $X in 2023 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

The country with the largest volume of piper pepper production was Brazil (X tons), comprising approx. X% of total volume. It was followed by Ecuador (X tons), with a X% share of total production.

From 2012 to 2023, the average annual growth rate of volume in Brazil totaled X%.

The average piper pepper yield dropped modestly to X tons per ha in 2023, falling by X% compared with the previous year's figure. Overall, the yield showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. Over the period under review, the piper pepper yield hit record highs at X tons per ha in 2013; however, from 2014 to 2023, the 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.

The piper pepper harvested area dropped modestly to X ha in 2023, declining by X% against 2022 figures. In general, the harvested area, however, saw resilient growth. The pace of growth was the most pronounced in 2018 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then dropped in the following year.

Piper Pepper Exports

Exports in MERCOSUR

In 2023, overseas shipments of piper pepper decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, piper pepper exports contracted significantly to $X in 2023. Total exports 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, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. Ecuador (X tons) followed a long way behind the leaders.

Brazil 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, Ecuador (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil totaled X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid 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.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%).

Piper Pepper Imports

Imports in MERCOSUR

In 2023, after two years of decline, there was growth in purchases abroad of piper pepper, when their volume increased by X% to X tons. Total imports 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, piper pepper imports contracted modestly to $X in 2023. Over the period under review, imports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Argentina represented the key importing country with an import of about X tons, which finished at X% of total imports. Peru (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Brazil (X%) and Chile (X%). The following importers - Uruguay (X tons) and Ecuador (X tons) - each finished at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Argentina, piper pepper imports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (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. In general, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform