Updated Jan 15, 2023 08:55

Global Piper Pepper Market

Market Overview
In , the global piper pepper market increased by % to $, rising for the second year in a row after four years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the global market hit record highs at $ in 2016; however, from 2017 to , consumption remained at a lower figure.

In value terms, piper pepper production shrank modestly to $ in estimated in export price. Over the period under review, production, however, showed pronounced growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Global production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.

Vietnam ( tons) constituted the country with the largest volume of piper pepper production, accounting for % of total volume. Moreover, piper pepper production in Vietnam exceeded the figures recorded by the second-largest producer, Brazil ( tons), twofold. Indonesia ( tons) ranked third in terms of total production with a % share.

In Vietnam, piper pepper production increased at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+% per year) and Indonesia (+% per year).

The global average piper pepper yield reduced modestly to tons per ha in , remaining relatively unchanged against the year before. Overall, the yield indicated a noticeable increase from 2007 to : its figure increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, piper pepper yield decreased by +% against indices. The pace of growth was the most pronounced in 2013 when the yield increased by % against the previous year. Over the period under review, the average piper pepper yield hit record highs at tons per ha in 2018; afterwards, it flattened through to . Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In , the global harvested area of piper pepper stood at ha, remaining constant against the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the harvested area increased by %. The global harvested area peaked at ha in 2007; however, from 2008 to , the harvested area failed to regain momentum.


Consumption
For the tenth year in a row, the global market recorded growth in consumption of piper pepper, which increased by % to tons in . Overall, the total consumption indicated tangible growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2012 indices. Global consumption peaked in and is expected to retain growth in the immediate term.

The global piper pepper market size was estimated at $ in , growing 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). In general, the total consumption indicated a measured expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Global consumption peaked at $ in 2016; however, from 2017 to , consumption failed to regain momentum.


Consumption by Country
The countries with the highest volumes of consumption in were India ( tons), the United States ( tons) and Vietnam ( tons), together accounting for % of global consumption. These countries were followed by Indonesia, China, Sri Lanka, Brazil, Malaysia, Tajikistan, Germany, the United Arab Emirates, the UK and Ethiopia, which together accounted for a further %.

From 2007 to , the biggest increases were recorded for Tajikistan (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest piper pepper markets worldwide were the United States ($), India ($) and Vietnam ($), together accounting for % of the global market. China, Indonesia, Sri Lanka, Malaysia, Germany, Brazil, the UK, Tajikistan, the United Arab Emirates and Ethiopia lagged somewhat behind, together accounting for a further %.

In terms of the main consuming countries, Tajikistan, with a CAGR of +%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of piper pepper per capita consumption in were Tajikistan ( kg per persons), the United Arab Emirates ( kg per persons) and Sri Lanka ( kg per persons).

From 2007 to , the biggest increases were recorded for Tajikistan (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for piper pepper worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .