Northern America: Chili And Pepper Market 2024

Chili And Pepper Market Size in Northern America

The North American chili and pepper market dropped remarkably to $X in 2023, waning by X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Chili And Pepper Production in Northern America

In value terms, chili and pepper production reduced modestly to $X in 2023 estimated in export price. In general, production showed a pronounced setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

The country with the largest volume of chili and pepper production was the United States (X tons), comprising approx. X% of total volume. Moreover, chili and pepper production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), eightfold.

In the United States, chili and pepper production shrank by an average annual rate of X% over the period from 2012-2023.

The average chili and pepper yield declined modestly to X tons per ha in 2023, which is down by X% on the previous year's figure. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2023, the growth of the chili and pepper yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of chilies and peppers (green) were harvested in Northern America; remaining stable against the previous year. Overall, the harvested area, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production reached the peak figure at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Chili And Pepper Exports

Exports in Northern America

In 2023, approx. X tons of chilies and peppers (green) were exported in Northern America; flattening at 2022 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, chili and pepper exports expanded slightly to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

The shipments of the two major exporters of chilies and peppers (green), namely Canada and the United States, represented more than two-thirds of total export.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of exports in 2023.

Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Chili And Pepper Imports

Imports in Northern America

In 2023, overseas purchases of chilies and peppers (green) decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, chili and pepper imports contracted sharply to $X in 2023. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Canada (X tons) and the United States (X tons) was the main importer of chilies and peppers (green) in Northern America, creating X% of total import.

From 2012 to 2023, the biggest increases were recorded for Canada (with a CAGR of X%).

In value terms, the largest chili and pepper importing markets in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform