Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria - 2022
Contents:
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria (FOB) - 2022
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
- Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria
- Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria (FOB) - 2022
In 2022, the average export price for pepper of the genus piper, neither crushed nor ground amounted to $327 per ton, dropping by -90% against the previous year. Overall, the export price faced a dramatic curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 123%. As a result, the export price attained the peak level of $9,904 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($4,385 per ton), while the average price for exports to Ghana ($112 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+64.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria (CIF) - 2022
In 2022, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $1,845 per ton, declining by -58% against the previous year. Over the period under review, the import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 an increase of 157%. Over the period under review, average import prices hit record highs at $10,130 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Lebanon.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +38.3% per year.
Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria
In 2022, exports of pepper of the genus piper, neither crushed nor ground from Nigeria surged to 1.9K tons, increasing by 1,010% on 2021 figures. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of pepper of the genus piper, neither crushed nor ground stood at $631K in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 414%. Over the period under review, the exports of pepper of genus piper, neither crushed nor ground attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Mali | N/A | N/A | 119 | 0% | |
| Ghana | N/A | N/A | 114 | 0% | |
| Niger | N/A | N/A | 67.4 | 0% | |
| Senegal | N/A | N/A | 66.7 | 0% | |
| South Korea | N/A | 148 | 24.6 | -83.4% | |
| Benin | N/A | 3.1 | 20.5 | 561.3% | |
| Spain | 110 | 233 | N/A | 111.8% | |
| Others | 1.2 | 185 | 218 | 1247.8% | |
| Total | 111 | 569 | 631 | 138.4% | |
Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Nigeria in 2022:
- Ghana (1020.4 tons)
- Mali (441.4 tons)
- Senegal (206.8 tons)
- Niger (155.5 tons)
- Benin (35.0 tons)
- South Korea (6.0 tons)
Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria
In 2022, overseas purchases of pepper of the genus piper, neither crushed nor ground were finally on the rise to reach 84 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a dramatic shrinkage.
In value terms, imports of pepper of the genus piper, neither crushed nor ground soared to $154K in 2022. Over the period under review, imports, however, saw a precipitous decline.
| Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | N/A | N/A | N/A | 148 | 0% |
| Switzerland | 67.3 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | N/A | 28.3 | N/A | 0% |
| United Arab Emirates | 56.0 | 44.9 | 56.3 | N/A | 0.3% |
| India | 561 | 37.3 | 0.1 | N/A | -98.7% |
| Others | 6.0 | 9.2 | 6.3 | 5.8 | -1.1% |
| Total | 690 | 91.4 | 90.9 | 154 | -39.3% |
Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Nigeria in 2022:
- Lebanon (82.4 tons)
974
This report provides an in-depth analysis of the piper pepper market in Nigeria.
3862
This report provides an in-depth analysis of the spice market in Nigeria.
592
This report provides an in-depth analysis of the pimenta pepper market in Nigeria.
6808
This report provides an in-depth analysis of the global piper pepper market.
5215
This report provides an in-depth analysis of the global spice market.
924
This report provides an in-depth analysis of the global pimenta pepper market.
974
This report provides an in-depth analysis of the piper pepper market in Nigeria.
3862
This report provides an in-depth analysis of the spice market in Nigeria.
592
This report provides an in-depth analysis of the pimenta pepper market in Nigeria.
6808
This report provides an in-depth analysis of the global piper pepper market.
1169
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5135
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6515
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1204
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
3840
From 2007 to 2015, global exports on the pepper market surged by +X% per year, amounting to X million USD in 2015. This was X million USD (X%) more than in 2014. In physical terms, exports stood at X thousand to
15249
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. From 2007 to 2015, it expanded with a CAGR of +X%.
1920
In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
1489
According to market research conducted by IndexBox, global pepper production was estimated at X thousand tons in 2015, an increase of X thousand tons than in 2014. In value terms, production reached record levels, increasing to X million USD
1242
India dominates in the global pepper trade. In 2014, India exported X thousand tons of pepper totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total pepper exports in value
1011
India dominates in the global pepper trade, significantly strengthening its position in the global export structure from X% in 2007 to X% in 2014. Its primary trading partner in 2014 was the U.S., where it supplied X% of its total pepper expor
