Piper Pepper Market Overview in Kyrgyzstan
In value terms, piper pepper production amounted to $ in 2019 estimated in export prices. In general, production recorded a perceptible contraction. The pace of growth appeared the most rapid in 2008 with an increase of % y-o-y. As a result, production attained the peak level of $. From 2009 to 2019, production growth failed to regain the momentum.
In 2019, the average yield of piper pepper in Kyrgyzstan rose modestly to tonnes per ha, surging by % against 2018. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. The global yield peaked in 2019 and is likely to continue 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, the total area harvested in terms of piper pepper production in Kyrgyzstan reduced slightly to ha, stabilizing at 2018 figures. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. As a result, the harvested area attained the peak level of ha. From 2017 to 2019, the growth of the piper pepper harvested area failed to regain the momentum.
The size of the piper pepper market in Kyrgyzstan was estimated at $ in 2019, picking up 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). Overall, the total consumption indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2013 indices. The pace of growth was the most pronounced in 2011 when the market value increased by % year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see steady growth in the near future.