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

Contents:

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

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

The average import price for pepper (of the genus piper), crushed or ground stood at $8,049 per ton in 2022, reducing by -13.7% against the previous year. In general, the import price showed a perceptible reduction. The growth pace was the most rapid in 2016 when the average import price increased by 11% against the previous year. As a result, import price reached the peak level of $12,553 per ton. From 2017 to 2022, the average 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 France ($11,135 per ton), while the price for Spain ($6,089 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.2%), while the prices for the other major suppliers experienced a decline.

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

The average export price for pepper (of the genus piper), crushed or ground stood at $8,819 per ton in 2022, reducing by -3.3% against the previous year. Overall, the export price saw a noticeable decrease. The growth pace was the most rapid in 2013 an increase of 32%. The export price peaked at $17,023 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($16,241 per ton), while the average price for exports to Luxembourg ($3,109 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 the UK (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth year in a row, Portugal recorded growth in purchases abroad of pepper (of the genus piper), crushed or ground, which increased by 1.5% to 376 tons in 2022. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of pepper (of the genus piper), crushed or ground contracted to $3M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports attained the peak of $3.5M, and then declined in the following year.

Import of Pepper (of the Genus Piper), Crushed or Ground in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1,5591,7721,9121,392-3.7%
Spain6325781,1581,25425.7%
Germany269304301206-8.5%
PolandN/AN/AN/A1460%
Others48.086.682.428.5-16.0%
Total2,5072,7413,4533,0276.5%

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

  1. Spain (205.9 tons)
  2. France (125.0 tons)
  3. Germany (25.2 tons)
  4. Poland (16.6 tons)

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

For the fourth consecutive year, Portugal recorded growth in overseas shipments of pepper (of the genus piper), crushed or ground, which increased by 6.7% to 91 tons in 2022. The total export volume increased at an average annual rate of +10.1% 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 when exports increased by 20% against the previous year. Over the period under review, the exports of pepper (of genus piper), crushed or ground hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, exports of pepper (of the genus piper), crushed or ground rose to $799K in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Pepper (of the Genus Piper), Crushed or Ground in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain3104103854099.7%
Angola16886.81861934.7%
Cabo Verde65.974.781.375.44.6%
United States7.624.010.333.063.1%
Mozambique10.326.425.924.433.3%
France25.641.624.220.3-7.4%
Luxembourg8.79.88.67.0-7.0%
Others41.638.552.736.2-4.5%
Total6397127747997.7%

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

  1. Spain (40.0 tons)
  2. Angola (25.2 tons)
  3. United States (8.8 tons)
  4. Cabo Verde (5.5 tons)
  5. Mozambique (3.5 tons)
  6. Luxembourg (2.2 tons)
  7. France (1.7 tons)

Source: IndexBox Market Intelligence Platform

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