South-Eastern Asia: Piper Pepper Market 2024

Piper Pepper Market Size in South-Eastern Asia

In 2023, the Southeast Asian piper pepper market increased by X% to $X, rising for the third consecutive year after two years of decline. The total consumption indicated a buoyant expansion 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Piper Pepper Production in South-Eastern Asia

In value terms, piper pepper production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Vietnam (X tons) constituted the country with the largest volume of piper pepper production, accounting for X% of total volume. Moreover, piper pepper production in Vietnam exceeded the figures recorded by the second-largest producer, Indonesia (X tons), sevenfold.

In Vietnam, piper pepper production 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: Indonesia (X% per year) and Malaysia (X% per year).

The average piper pepper yield expanded sharply to X tons per ha in 2023, growing by X% against 2022. The yield indicated a temperate increase from 2012 to 2023: its figure 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, piper pepper yield decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2023. 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 piper pepper production in South-Eastern Asia reached X ha, leveling off at the previous year's figure. 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 growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2023, the harvested area remained at a lower figure.

Piper Pepper Exports

Exports in South-Eastern Asia

In 2023, approx. X tons of piper pepper were exported in South-Eastern Asia; increasing by X% on the previous year. Total exports indicated a notable increase 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 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, piper pepper exports shrank slightly to $X in 2023. In general, exports, however, recorded a mild descent. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam represented the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Indonesia (X tons), committing a X% share of total exports. The following exporters - Malaysia (X tons) and Cambodia (X tons) - each recorded a X% share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Cambodia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest piper pepper supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, piper 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: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 an increase of 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 somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Indonesia ($X per ton), while Vietnam ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

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

Piper Pepper Imports

Imports in South-Eastern Asia

In 2023, approx. X tons of piper pepper were imported in South-Eastern Asia; declining by X% on 2022 figures. Overall, imports recorded a pronounced slump. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, piper pepper imports contracted to $X in 2023. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 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

Vietnam was the key importing country with an import of around X tons, which recorded X% of total imports. The Philippines (X tons) took the second position in the ranking, followed by Malaysia (X tons), Thailand (X tons) and Singapore (X tons). All these countries together held near X% share of total imports.

Imports into Vietnam decreased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines, Vietnam, Thailand and Malaysia increased by X, X, X and X percentage points, respectively.

In value terms, the largest piper pepper importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Thailand ($X), together accounting for X% of total imports.

The Philippines, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the 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 the Philippines ($X per ton), while Vietnam ($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 Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform