MERCOSUR: Chili And Pepper Market 2024

Chili And Pepper Market Size in MERCOSUR

The MERCOSUR chili and pepper market stood at $X in 2023, almost unchanged from the previous year. The total consumption indicated a resilient increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; afterwards, it flattened through to 2023.

Chili And Pepper Production in MERCOSUR

In value terms, chili and pepper production dropped to $X in 2023 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2023: its value 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, production decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Peru (X tons), Argentina (X tons) and Venezuela (X tons), with a combined X% share of total production. Colombia, Chile, Uruguay and Paraguay lagged somewhat behind, together comprising a further X%.

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

In 2023, the average chili and pepper yield in MERCOSUR totaled X tons per ha, approximately reflecting the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 when the yield increased by X%. Over the period under review, the chili and pepper yield hit record highs at X tons per ha in 2018; however, from 2019 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of chilies and peppers (green) production in MERCOSUR reduced slightly to X ha, approximately equating the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2022, and then fell in the following year.

Chili And Pepper Exports

Exports in MERCOSUR

After five years of growth, shipments abroad of chilies and peppers (green) decreased by X% to X tons in 2023. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, chili and pepper exports expanded sharply to $X in 2023. Over the period under review, exports, however, recorded a moderate increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Argentina (X tons) was the key exporter of chilies and peppers (green), creating X% of total exports. Peru (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%). The following exporters - Ecuador (X tons) and Colombia (X tons) - each reached a X% share of total exports.

Exports from Argentina increased at an average annual rate of X% from 2012 to 2023. At the same time, Brazil (X%), Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. Colombia experienced a relatively flat trend pattern. While the share of Argentina (X p.p.), Brazil (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Colombia (X p.p.) and Peru (X p.p.) displayed negative dynamics.

In value terms, the largest chili and pepper supplying countries in MERCOSUR were Peru ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Chili And Pepper Imports

Imports in MERCOSUR

Chili and pepper imports dropped notably to X tons in 2023, with a decrease of X% compared with the previous year. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then fell remarkably in the following year.

In value terms, chili and pepper imports dropped to $X in 2023. In general, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

Paraguay prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Brazil (X tons), Guyana (X tons), Chile (X tons) and Ecuador (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to chili and pepper imports into Paraguay stood at X%. At the same time, Chile (X%), Guyana (X%), Brazil (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.), Guyana (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Paraguay (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Paraguay ($X), Guyana ($X) and Chile ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Guyana, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

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 Guyana ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform