Global Chili And Pepper Market 2024

Chili And Pepper Market Size

In 2023, the global chili and pepper market increased by X% to $X, rising for the second consecutive year after five years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the global market failed to regain momentum.

Chili And Pepper Production

In value terms, chili and pepper production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs in 2023 and is expected to retain growth in the near future.

The country with the largest volume of chili and pepper production was China (X tons), comprising approx. X% of total volume. Moreover, chili and pepper production in China exceeded the figures recorded by the second-largest producer, Turkey (X tons), sixfold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Turkey (X% per year) and Indonesia (X% per year).

In 2023, the global average chili and pepper yield fell slightly to X tons per ha, waning by X% against the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2022 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha, and then fell slightly 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 global harvested area of chilies and peppers (green) expanded slightly to X ha, increasing by X% against 2022 figures. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2021; afterwards, it flattened through to 2023.

Chili And Pepper Exports

Exports

Global chili and pepper exports expanded to X tons in 2023, surging by X% on 2022 figures. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the global exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, chili and pepper exports surged to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the global exports reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico was the largest exporter of chilies and peppers (green) in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Spain (X tons) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%), Turkey (X%), Canada (X%) and Morocco (X%). The following exporters - India (X tons), China (X tons), the United States (X tons) and Jordan (X tons) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkey (X%), Morocco (X%), India (X%), Canada (X%), Jordan (X%) and China (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. By contrast, Spain (X%), the United States (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Turkey (X p.p.), Morocco (X p.p.) and Canada (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of the United States (X p.p.), Spain (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chili and pepper supplying countries worldwide were Mexico ($X), Spain ($X) and the Netherlands ($X), together comprising X% of global exports. Canada, Turkey, Morocco, the United States, China, Jordan and India lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average chili and pepper export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices remained at a somewhat lower figure.

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

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

Chili And Pepper Imports

Imports

Global chili and pepper imports contracted rapidly to X tons in 2023, which is down by X% against the previous year. Overall, imports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, chili and pepper imports declined slightly to $X in 2023. Over the period under review, imports saw a perceptible downturn. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, global imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Canada (X tons), the UK (X tons), France (X tons), Russia (X tons), the United States (X tons), the Netherlands (X tons), Spain (X tons), Thailand (X tons), Italy (X tons), Switzerland (X tons) and Malaysia (X tons) represented roughly X% of total imports in 2023. Poland (X tons) took a minor share of total imports.

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

In value terms, the UK ($X), Germany ($X) and Canada ($X) were the countries with the highest levels of imports in 2023, together comprising X% of global imports. France, the Netherlands, Switzerland, the United States, Poland, Italy, Russia, Spain, Thailand and Malaysia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2023, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform