Chili And Pepper Market Overview in the USA
In value terms, chili and pepper production stood at $ in 2019. Overall, production saw a modest increase. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2011; however, from 2012 to 2019, production failed to regain the momentum.
In 2019, the average yield of chilies and peppers (green) in the U.S. reached tonnes per ha, increasing by % against the year before. The yield figure increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of % y-o-y. Over the period under review, the average chili and pepper yield attained the maximum level in 2019 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx. ha of chilies and peppers (green) were harvested in the U.S.; which is down by -% compared with 2018. Over the period under review, the harvested area recorded a noticeable setback. The pace of growth appeared the most rapid in 2009 with an increase of % y-o-y. The chili and pepper harvested area peaked at ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.
The value of the chili and pepper market in the U.S. totaled $ in 2019, increasing 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the market value increased by % y-o-y. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in the near future.