Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK - 2023
Contents:
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK (CIF) - 2023
- Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK (FOB) - 2023
- Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK
- Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK (CIF) - 2023
In December 2023, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $6,376 per ton, picking up by 46% against the previous month. In general, import price indicated moderate growth from December 2022 to December 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for pepper of the genus piper, neither crushed nor ground increased by +60.1% against September 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 50% against the previous month. As a result, import price attained the peak level of $6,815 per ton. From September 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($15,248 per ton), while the price for South Africa ($2,040 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ireland (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK (FOB) - 2023
The average export price for pepper of the genus piper, neither crushed nor ground stood at $5,600 per ton in December 2023, flattening at the previous month. Over the period under review, export price indicated mild growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for pepper of the genus piper, neither crushed nor ground decreased by -34.1% against September 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 83% month-to-month. Over the period under review, the average export prices attained the maximum at $9,973 per ton in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($8,983 per ton), while the average price for exports to France ($4,339 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+21.1%), 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 the UK
In 2022, the amount of pepper of the genus piper, neither crushed nor ground imported into the UK fell to 3.9K tons, declining by -14.1% against the year before. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.7% against the previous year.
In value terms, imports of pepper of the genus piper, neither crushed nor ground stood at $24M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports of pepper of genus piper, neither crushed nor ground attained the peak figure in 2022 and are likely to see gradual growth in the near future.
| Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.2 | 4.9 | 9.3 | 10.9 | 28.0% |
| India | 3.4 | 3.2 | 3.7 | 4.7 | 11.4% |
| China | 1.5 | 1.9 | 2.2 | 2.0 | 10.1% |
| Indonesia | 0.9 | 0.5 | 1.0 | 1.2 | 10.1% |
| Ireland | N/A | N/A | 0.5 | 1.0 | 100.0% |
| Netherlands | 1.9 | 1.2 | 1.0 | 0.7 | -28.3% |
| United States | 0.8 | 0.8 | 0.6 | 0.6 | -9.1% |
| Tanzania | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Germany | 2.5 | 2.9 | 0.5 | 0.1 | -65.8% |
| Poland | 1.2 | 0.1 | 0.1 | N/A | -71.1% |
| Others | 4.3 | 3.9 | 4.3 | 2.2 | -20.0% |
| Total | 21.8 | 19.5 | 23.3 | 23.7 | 2.8% |
Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to the UK in 2022:
- Vietnam (2043.0 tons)
- India (480.0 tons)
- China (346.1 tons)
- Ireland (221.7 tons)
- Indonesia (165.1 tons)
- Netherlands (161.7 tons)
- Tanzania (68.0 tons)
- United States (65.0 tons)
- Germany (6.3 tons)
- Poland (1.1 tons)
Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK
In 2022, shipments abroad of pepper of the genus piper, neither crushed nor ground increased by 7.9% to 411 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a perceptible shrinkage.
In value terms, exports of pepper of the genus piper, neither crushed nor ground contracted to $3.1M in 2022. Overall, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 1.1% against the previous year. As a result, the exports attained the peak of $3.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 789 | 967 | 953 | 964 | 6.9% |
| Netherlands | 590 | 483 | 1,063 | 623 | 1.8% |
| France | 142 | 184 | 362 | 342 | 34.0% |
| Germany | 838 | 664 | 66.5 | 153 | -43.3% |
| Spain | 96.3 | 123 | 20.8 | 117 | 6.7% |
| United States | 165 | 164 | 109 | 114 | -11.6% |
| Saudi Arabia | 10.2 | N/A | 2.3 | 91.6 | 107.9% |
| Denmark | 24.0 | 8.1 | 79.7 | 66.0 | 40.1% |
| Belgium | 24.7 | 21.7 | 51.8 | 60.5 | 34.8% |
| Maldives | 1.8 | N/A | N/A | 56.9 | 216.2% |
| Singapore | 7.7 | 44.1 | 48.5 | 36.1 | 67.4% |
| Norway | 7.2 | 117 | 112 | 24.3 | 50.0% |
| Italy | 121 | 114 | 32.3 | 20.6 | -44.6% |
| Others | 627 | 593 | 420 | 383 | -15.2% |
| Total | 3,445 | 3,483 | 3,321 | 3,052 | -4.0% |
Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from the UK in 2022:
- Ireland (146.0 tons)
- France (68.8 tons)
- Netherlands (59.9 tons)
- United States (19.1 tons)
- Spain (14.6 tons)
- Belgium (13.3 tons)
- Germany (12.1 tons)
- Denmark (9.3 tons)
- Maldives (8.0 tons)
- Singapore (7.3 tons)
- Norway (7.1 tons)
- Saudi Arabia (6.9 tons)
- Italy (2.2 tons)
731
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In April 2023, the piper pepper price stood at $5,304 per ton (CIF, United Kingdom), experiencing a decrease of 16.5% compared to the previous month.
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In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
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