Chili And Pepper Market Overview in the USA
Market Overview
In 
, the U.S. chili and pepper market decreased by -% to $ for the first time since 2017, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Chili and pepper consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
, the U.S. chili and pepper market decreased by -% to $ for the first time since 2017, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Chili and pepper consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.Consumption
For the fourth consecutive year, the U.S. recorded decline in consumption of chilies and peppers (green), which decreased by -% to tonnes in . In general, consumption showed a slight decline. The pace of growth was the most pronounced in 2009 when the consumption volume increased by % against the previous year. Chili and pepper consumption peaked at tonnes in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
The value of the chili and pepper market in the U.S. dropped dramatically to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Chili and pepper consumption peaked at $ in 2016; however, from 2017 to , consumption remained at a lower figure.
% to tonnes in . In general, consumption showed a slight decline. The pace of growth was the most pronounced in 2009 when the consumption volume increased by % against the previous year. Chili and pepper consumption peaked at tonnes in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.The value of the chili and pepper market in the U.S. dropped dramatically to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Chili and pepper consumption peaked at $ in 2016; however, from 2017 to , consumption remained at a lower figure.Market Forecast
Driven by rising demand for chili and pepper in the U.S., the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the U.S. increased significantly over the last thirteen-year period (from % to %).
% to %).Trade Balance
The U.S. remains a net importer of chili and pepper; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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