Piper Pepper Market

The article provides a comprehensive analysis of the global piper pepper market, forecasting an upward consumption trend over the next eight years. Market performance is expected to expand with an anticipated CAGR of +2.2% in volume terms and +4.2% in value terms from 2022 to 2030. Consumption of piper pepper saw resilient growth from 2012 to 2022, with noticeable fluctuations recorded. Vietnam, India, and the United States were the leading consumers in 2022. Production volumes and harvested areas showed strong growth trends, while import and export statistics indicated fluctuations in certain years. The average import and export prices also fluctuated over the period under review. Overall, the article presents a detailed overview of the global piper pepper market and its key trends.

Market Forecast

Driven by increasing demand for piper pepper worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.2% for the period from 2022 to 2030, which is projected to bring the market volume to 985K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.2% for the period from 2022 to 2030, which is projected to bring the market value to $5.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Piper Pepper

In 2022, approx. 827K tons of piper pepper were consumed worldwide; surging by 8.5% against 2021. In general, the total consumption indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +88.3% against 2012 indices. Over the period under review, global consumption attained the maximum volume in 2022 and is likely to see steady growth in the near future.

The global piper pepper market value rose rapidly to $3.7B in 2022, with an increase of 7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $4B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Vietnam (89K tons), India (88K tons) and the United States (79K tons), with a combined 31% share of global consumption. Burkina Faso, Indonesia, Brazil, China, Malaysia, Sri Lanka, Tajikistan, the United Arab Emirates, Germany and Mexico lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2022, the biggest increases were recorded for Tajikistan (with a CAGR of +58.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest piper pepper markets worldwide were the United States ($402M), India ($385M) and Vietnam ($334M), with a combined 30% share of the global market. Burkina Faso, China, Indonesia, Sri Lanka, Malaysia, Brazil, the United Arab Emirates, Tajikistan, Germany and Mexico lagged somewhat behind, together comprising a further 42%.

Among the main consuming countries, Tajikistan, with a CAGR of +50.7%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of piper pepper per capita consumption in 2022 were Burkina Faso (3,480 kg per 1000 persons), Tajikistan (2,397 kg per 1000 persons) and the United Arab Emirates (1,994 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Tajikistan (with a CAGR of +54.5%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Piper Pepper

In 2022, the amount of piper pepper produced worldwide rose modestly to 828K tons, growing by 4.3% on the year before. Over the period under review, the total production indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.6% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 14% against the previous year. Global production peaked in 2022 and is expected to retain growth in the near future. The general positive trend in terms output was largely conditioned by a buoyant expansion of the harvested area and a temperate increase in yield figures.

In value terms, piper pepper production dropped to $2.8B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 32% against the previous year. Global production peaked at $4.9B in 2015; however, from 2016 to 2022, production failed to regain momentum.

Production By Country

The country with the largest volume of piper pepper production was Vietnam (272K tons), accounting for 33% of total volume. Moreover, piper pepper production in Vietnam exceeded the figures recorded by the second-largest producer, Brazil (128K tons), twofold. The third position in this ranking was held by Indonesia (82K tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume in Vietnam amounted to +8.5%. In the other countries, the average annual rates were as follows: Brazil (+11.5% per year) and Indonesia (-0.7% per year).

Yield

The global average piper pepper yield rose slightly to 1.2 tons per ha in 2022, growing by 3.4% against the year before. The yield figure increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the yield increased by 21%. Over the period under review, the average piper pepper yield attained the maximum level in 2022 and is expected to retain growth in years to come.

Harvested Area

In 2022, approx. 689K ha of piper pepper were harvested worldwide; standing approx. at 2021. The harvested area increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 12% against the previous year. The global harvested area peaked in 2022 and is likely to see steady growth in the near future.

Imports

World Imports of Piper Pepper

In 2022, after three years of growth, there was significant decline in purchases abroad of piper pepper, when their volume decreased by -5.5% to 469K tons. The total import volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, global imports attained the peak figure at 497K tons in 2021, and then declined in the following year.

In value terms, piper pepper imports rose markedly to $2.2B in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Global imports peaked at $3.4B in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the United States (88K tons), distantly followed by India (43K tons), Vietnam (33K tons), the United Arab Emirates (28K tons) and Germany (27K tons) represented the main importers of piper pepper, together making up 47% of total imports. The following importers - the Netherlands (17K tons), the UK (12K tons), France (11K tons), Japan (11K tons), Pakistan (9.8K tons), China (8.8K tons), Canada (8.4K tons) and Russia (8.4K tons) - together made up 19% of total imports.

Imports into the United States increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, China (+10.7%), India (+10.5%), Vietnam (+6.6%), Pakistan (+5.5%), the United Arab Emirates (+5.5%), France (+3.6%), Canada (+3.5%) and Japan (+3.1%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +10.7% from 2012-2022. The UK, Germany, the Netherlands and Russia experienced a relatively flat trend pattern. From 2012 to 2022, the share of India and Vietnam increased by +4.7 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($440M) constitutes the largest market for imported piper pepper worldwide, comprising 20% of global imports. The second position in the ranking was held by India ($203M), with a 9.1% share of global imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: India (+6.6% per year) and Germany (-3.0% per year).

Imports By Type

In 2022, pepper of the genus piper, neither crushed nor ground (369K tons) was the largest type of piper pepper, comprising 79% of total imports. It was distantly followed by pepper (of the genus piper), crushed or ground (101K tons), mixing up a 21% share of total imports.

Imports of pepper of the genus piper, neither crushed nor ground increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, pepper (of the genus piper), crushed or ground (+3.4%) displayed positive paces of growth. Moreover, pepper (of the genus piper), crushed or ground emerged as the fastest-growing type imported in the world, with a CAGR of +3.4% from 2012-2022. The shares of the largest types remained relatively stable throughout the analyzed period.

In value terms, pepper of the genus piper, neither crushed nor ground ($1.7B) constitutes the largest type of piper pepper imported worldwide, comprising 75% of global imports. The second position in the ranking was held by pepper (of the genus piper), crushed or ground ($555M), with a 25% share of global imports.

For pepper of the genus piper, neither crushed nor ground, imports remained relatively stable over the period from 2012-2022.

Import Prices By Type

In 2022, the average piper pepper import price amounted to $4,775 per ton, rising by 17% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27% against the previous year. Global import price peaked at $8,732 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major imported products. In 2022, the product with the highest price was pepper (of the genus piper), crushed or ground ($5,515 per ton), while the price for pepper of the genus piper, neither crushed nor ground totaled $4,573 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by pepper (of the genus piper), crushed or ground (-1.6%).

Import Prices By Country

The average piper pepper import price stood at $4,775 per ton in 2022, surging by 17% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2021 an increase of 27%. Over the period under review, average import prices reached the maximum at $8,732 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($6,922 per ton), while Pakistan ($2,930 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+7.0%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Piper Pepper

After three years of growth, shipments abroad of piper pepper decreased by -11.1% to 470K tons in 2022. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 15%. Over the period under review, the global exports hit record highs at 528K tons in 2021, and then reduced in the following year.

In value terms, piper pepper exports contracted modestly to $2.1B in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, the global exports attained the maximum at $3.6B in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

In 2022, Vietnam (217K tons) represented the main exporter of piper pepper, comprising 46% of total exports. It was distantly followed by Brazil (86K tons) and Indonesia (30K tons), together committing a 25% share of total exports. The following exporters - India (20K tons), Germany (13K tons), the Netherlands (13K tons), Sri Lanka (11K tons), the United States (9K tons) and the United Arab Emirates (7.9K tons) - together made up 16% of total exports.

Exports from Vietnam increased at an average annual rate of +6.4% from 2012 to 2022. At the same time, the United Arab Emirates (+20.5%), Brazil (+11.5%) and Germany (+2.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.5% from 2012-2022. Sri Lanka and the United States experienced a relatively flat trend pattern. By contrast, the Netherlands (-1.5%), India (-3.7%) and Indonesia (-7.2%) illustrated a downward trend over the same period. While the share of Vietnam (+13 p.p.) and Brazil (+10 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (-1.6 p.p.), India (-4.1 p.p.) and Indonesia (-11.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($928M) remains the largest piper pepper supplier worldwide, comprising 44% of global exports. The second position in the ranking was taken by Brazil ($309M), with a 15% share of global exports. It was followed by Indonesia, with a 7% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +1.6%. In the other countries, the average annual rates were as follows: Brazil (+4.9% per year) and Indonesia (-10.0% per year).

Exports By Type

Pepper of the genus piper, neither crushed nor ground represented the key type of piper pepper in the world, with the volume of exports amounting to 378K tons, which was near 80% of total exports in 2022. It was distantly followed by pepper (of the genus piper), crushed or ground (92K tons), comprising a 20% share of total exports.

Exports of pepper of the genus piper, neither crushed nor ground increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, pepper (of the genus piper), crushed or ground (+4.2%) displayed positive paces of growth. Moreover, pepper (of the genus piper), crushed or ground emerged as the fastest-growing type exported in the world, with a CAGR of +4.2% from 2012-2022. Pepper (of the genus piper), crushed or ground (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while pepper of the genus piper, neither crushed nor ground saw its share reduced by -2.3% from 2012 to 2022, respectively.

In value terms, pepper of the genus piper, neither crushed nor ground ($1.6B) remains the largest type of piper pepper supplied worldwide, comprising 76% of global exports. The second position in the ranking was taken by pepper (of the genus piper), crushed or ground ($510M), with a 24% share of global exports.

For pepper of the genus piper, neither crushed nor ground, exports plunged by an average annual rate of -1.5% over the period from 2012-2022.

Export Prices By Type

The average piper pepper export price stood at $4,533 per ton in 2022, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $8,860 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exported products. In 2022, the product with the highest price was pepper (of the genus piper), crushed or ground ($5,540 per ton), while the average price for exports of pepper of the genus piper, neither crushed nor ground stood at $4,289 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by pepper (of the genus piper), crushed or ground (-1.9%).

Export Prices By Country

The average piper pepper export price stood at $4,533 per ton in 2022, growing by 12% against the previous year. Overall, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of 28%. The global export price peaked at $8,860 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($6,780 per ton), while the United Arab Emirates ($2,853 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform