Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan - 2023

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan (CIF) - 2023
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan (FOB) - 2022
  3. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan
  4. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan (CIF) - 2023

The average import price for pepper of the genus piper, neither crushed nor ground stood at $2,765 per ton in July 2023, increasing by 3.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 18% month-to-month. As a result, import price reached the peak level of $3,246 per ton. From December 2022 to July 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($3,496 per ton), while the price for Vietnam ($2,432 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+1.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for pepper of the genus piper, neither crushed nor ground stood at $5,776 per ton in 2022, reducing by -6.3% against the previous year. In general, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 55% against the previous year. As a result, the export price attained the peak level of $6,165 per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($6,993 per ton), while the average price for exports to Saudi Arabia ($3,471 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 Bahrain (+17.8%), 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 Pakistan

After three years of growth, purchases abroad of pepper of the genus piper, neither crushed nor ground decreased by -46% to 9.9K tons in 2022. Overall, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports attained the peak of 18K tons, and then declined significantly in the following year.

In value terms, imports of pepper of the genus piper, neither crushed nor ground dropped rapidly to $29M in 2022. In general, imports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports attained the peak of $48M, and then dropped significantly in the following year.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil8.27.415.214.220.1%
Vietnam17.117.726.912.5-9.9%
Indonesia0.10.50.90.681.7%
Madagascar0.61.01.80.5-5.9%
United Arab Emirates0.51.22.4N/A119.1%
Others0.10.20.30.9108.0%
Total26.628.047.628.52.3%

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

  1. Brazil (5.0K tons)
  2. Vietnam (4.3K tons)
  3. Madagascar (0.2K tons)
  4. Indonesia (0.2K tons)

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

For the third year in a row, Pakistan recorded decline in shipments abroad of pepper of the genus piper, neither crushed nor ground, which decreased by -34.4% to 22 tons in 2022. Over the period under review, exports faced a dramatic decline. The smallest decline of -12% was in 2021.

In value terms, exports of pepper of the genus piper, neither crushed nor ground shrank dramatically to $127K in 2022. In general, exports showed a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 37%.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A2.567.7110563.3%
Hong Kong SAR2.60.27.36.737.1%
Saudi Arabia22.0N/A6.24.0-43.3%
United Arab Emirates206122100N/A-30.3%
Oman21.0N/A4.9N/A-51.7%
Others25.525.919.75.5-40.0%
Total277151206127-22.9%

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

  1. United States (19.2 tons)
  2. Saudi Arabia (1.2 tons)
  3. Hong Kong SAR (1.0 tons)

Source: IndexBox Market Intelligence Platform

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