Price for Pepper (of the Genus Piper), Crushed or Ground in Brazil - 2024

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Brazil (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Brazil (FOB) - 2024
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Brazil
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Brazil

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

The average import price for pepper (of the genus piper), crushed or ground stood at $4,728 per ton in 2022, rising by 16% against the previous year. In general, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 52% against the previous year. The import price peaked at $5,940 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,610 per ton), while the price for South Korea ($1,501 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), 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 Brazil (FOB) - 2024

The average export price for pepper (of the genus piper), crushed or ground stood at $3,560 per ton in February 2024, which is down by -25.4% against the previous month. Over the period under review, export price indicated buoyant growth from February 2023 to February 2024: its price increased at an average monthly rate of +5.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, export price for pepper (of the genus piper), crushed or ground decreased by -28.5% against November 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 46% m-o-m. The export price peaked at $4,976 per ton in November 2023; however, from December 2023 to February 2024, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was Germany ($4,660 per ton), while the average price for exports to Guyana ($805 per ton) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of pepper (of the genus piper), crushed or ground into Brazil skyrocketed to 186 tons in 2022, jumping by 79% on 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of pepper (of the genus piper), crushed or ground soared to $880K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Pepper (of the Genus Piper), Crushed or Ground in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam30426122542712.0%
United States42.017.164.821472.1%
China30.010246.564.028.7%
India50.733.225.744.0-4.6%
South Korea25.221.921.735.512.1%
Lebanon7.43.57.124.248.4%
MexicoN/A2.12.122.1224.4%
Others19.358.432.448.636.0%
Total47849942588022.6%

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

  1. Vietnam (82.7 tons)
  2. United States (24.9 tons)
  3. South Korea (23.7 tons)
  4. China (23.0 tons)
  5. India (17.7 tons)
  6. Lebanon (4.3 tons)
  7. Mexico (4.2 tons)

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

In 2022, approx. 362 tons of pepper (of the genus piper), crushed or ground were exported from Brazil; jumping by 115% against the year before. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 172%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of pepper (of the genus piper), crushed or ground soared to $550K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Pepper (of the Genus Piper), Crushed or Ground in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina0.30.23.7145684.8%
VietnamN/AN/AN/A1420%
Bolivia1.46.37.887.8297.3%
China8.627.412.636.161.3%
HungaryN/AN/AN/A29.00%
Paraguay0.13.01.816.2445.1%
OmanN/AN/A22.4N/A0%
United Arab Emirates71.3131179N/A58.4%
Others39.224.816.993.833.8%
Total12119324455065.7%

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

  1. Bolivia (174.3 tons)
  2. Vietnam (74.0 tons)
  3. China (48.0 tons)
  4. Argentina (21.7 tons)
  5. Hungary (17.8 tons)
  6. Paraguay (9.8 tons)

Source: IndexBox Market Intelligence Platform

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