Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia - 2022

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia (CIF) - 2022
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia (FOB) - 2022
  3. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia
  4. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia (CIF) - 2022

In 2022, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $2,943 per ton, which is down by -18.6% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pepper of the genus piper, neither crushed nor ground increased by +34.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 65%. The import price peaked at $4,577 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($3,393 per ton), while the price for India ($1,401 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia (FOB) - 2022

In 2022, the average export price for pepper of the genus piper, neither crushed nor ground amounted to $1,887 per ton, almost unchanged from the previous year. Overall, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $3,232 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($5,651 per ton), while the average price for exports to Malaysia ($456 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 Yemen (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia

In 2022, supplies from abroad of pepper of the genus piper, neither crushed nor ground decreased by -5.4% to 4.9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, imports reached the peak of 5.1K tons, and then declined in the following year.

In value terms, imports of pepper of the genus piper, neither crushed nor ground fell sharply to $14M in 2022. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. As a result, imports attained the peak of $19M, and then shrank dramatically in the following year.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam5.95.412.59.517.2%
Brazil1.41.13.82.826.0%
India1.01.50.80.8-7.2%
Pakistan0.90.50.60.5-17.8%
Others1.01.50.90.7-11.2%
Total10.210.018.614.311.9%

Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Saudi Arabia in 2022:

  1. Vietnam (2793.5 tons)
  2. Brazil (970.6 tons)
  3. India (593.4 tons)
  4. Pakistan (243.6 tons)

Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia

In 2022, shipments abroad of pepper of the genus piper, neither crushed nor ground decreased by -38.8% to 221 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 627% against the previous year. As a result, the exports attained the peak of 361 tons, and then shrank rapidly in the following year.

In value terms, exports of pepper of the genus piper, neither crushed nor ground fell significantly to $416K in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 319% against the previous year. As a result, the exports attained the peak of $673K, and then fell dramatically in the following year.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Saudi Arabia (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
KuwaitN/AN/A1860%
MauritaniaN/AN/A97.50%
MaldivesN/AN/A34.20%
MalaysiaN/AN/A28.40%
JordanN/AN/A22.70%
Yemen137664N/A384.7%
Bahrain23.61.2N/A-94.9%
OthersN/A7.847.8512.8%
Total16067341661.2%

Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Saudi Arabia in 2022:

  1. Malaysia (62.2 tons)
  2. Mauritania (48.5 tons)
  3. Kuwait (32.9 tons)
  4. Maldives (6.9 tons)
  5. Jordan (4.0 tons)

Source: IndexBox Market Intelligence Platform

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