Southern Asia: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Southern Asia

In 2023, after three years of growth, there was decline in the South Asian pimenta pepper market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted a buoyant increase. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Pimenta Pepper Production in Southern Asia

In value terms, pimenta pepper production fell modestly to $X in 2023 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2022, and then shrank modestly in the following year.

India (X tons) constituted the country with the largest volume of pimenta pepper production, accounting for X% of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, Bangladesh (X tons), fourfold. Pakistan (X tons) ranked third in terms of total production with a X% share.

In India, pimenta pepper production expanded at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Bangladesh (X% per year) and Pakistan (X% per year).

In 2023, the average pimenta pepper yield in Southern Asia dropped modestly to X tons per ha, remaining constant against the previous year's figure. The yield indicated resilient growth 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, pimenta pepper yield increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the pimenta pepper yield attained the maximum level at X tons per ha in 2022, and then shrank modestly 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.

The pimenta pepper harvested area totaled X ha in 2023, leveling off at the year before. In general, the harvested area, however, recorded a mild downturn. The growth pace was the most rapid in 2016 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pimenta pepper production attained the peak figure at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.

Pimenta Pepper Exports

Exports in Southern Asia

In 2023, exports of pimenta pepper in Southern Asia skyrocketed to X tons, increasing by X% on the previous year. Total exports indicated a perceptible increase 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 2021 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, pimenta pepper exports soared to $X in 2023. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from India (X tons), together amounting to X% of total export.

India was also the fastest-growing in terms of the pimenta pepper exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest pimenta pepper supplier in Southern Asia.

In India, pimenta pepper exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a strong 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, pimenta pepper export price increased by X% against 2017 indices. The growth pace was the most rapid in 2022 when the export price increased by X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Pimenta Pepper Imports

Imports in Southern Asia

In 2023, purchases abroad of pimenta pepper was finally on the rise to reach X tons after two years of decline. Overall, imports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, pimenta pepper imports reduced to $X in 2023. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Bangladesh (X tons) and Sri Lanka (X tons) represented the major importers of pimenta pepper in Southern Asia, together achieving X% of total imports. It was distantly followed by Nepal (X tons) and India (X tons), together comprising a X% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

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

In value terms, Sri Lanka ($X), Bangladesh ($X) and Nepal ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. India and Pakistan lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded 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

In 2023, the import price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price 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, pimenta pepper import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform