Price for Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan - 2023

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan (FOB) - 2022
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan

Price for Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan (CIF) - 2022

The average import price for pepper (of the genus piper), crushed or ground stood at $4,962 per ton in 2022, surging by 9.9% against the previous year. Over the period under review, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 102% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($10,494 per ton), while the price for the United Arab Emirates ($2,002 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+35.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan (FOB) - 2022

In 2022, the average export price for pepper (of the genus piper), crushed or ground amounted to $16,500 per ton, picking up by 24% against the previous year. Overall, the export price showed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($16,667 per ton), while the average price for exports to Qatar totaled $16,000 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+54.0%).

Imports of Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan

In 2022, purchases abroad of pepper (of the genus piper), crushed or ground decreased by -6.7% to 101 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, imports attained the peak of 109 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of pepper (of the genus piper), crushed or ground reached $501K in 2022. The total import value increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 19%. Over the period under review, imports of pepper (of genus piper), crushed or ground reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey11213712918317.8%
Vietnam36.229.381.411346.1%
ChileN/AN/AN/A88.40%
India30.949.852.046.014.2%
Iran38.382.913145.35.8%
China0.10.20.315.7439.5%
Russia77.759.412.42.2-69.5%
United Arab Emirates20.511.928.11.7-56.4%
Others42.256.554.55.9-48.1%
Total35842748950111.9%

Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Azerbaijan in 2022:

  1. Turkey (35.0 tons)
  2. Chile (22.1 tons)
  3. India (17.7 tons)
  4. Iran (11.0 tons)
  5. Vietnam (10.8 tons)
  6. China (3.0 tons)
  7. United Arab Emirates (0.8 tons)
  8. Russia (0.3 tons)

Exports of Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan

Exports of pepper (of the genus piper), crushed or ground from Azerbaijan fell dramatically to 12 kg in 2022, waning by -85.7% on the previous year's figure. Over the period under review, exports recorded a sharp curtailment.

In value terms, exports of pepper (of the genus piper), crushed or ground declined significantly to $198 in 2022. In general, exports recorded a significant contraction.

Export of Pepper (of the Genus Piper), Crushed or Ground in Azerbaijan (USD)
COUNTRY20212022CAGR,
2021-2022
Kazakhstan309150-51.5%
QatarN/A48.00%
Russia812N/A0%
OthersN/AN/A0%
Total1,121198-82.3%

Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Azerbaijan in 2022:

  1. Kazakhstan (9.0 kg)
  2. Qatar (3.0 kg)

Source: IndexBox Market Intelligence Platform

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