Pepper Market Overview in Brazil
In value terms, pepper production amounted to $183M in 2010 estimated in export prices. Over the period under review, pepper production continues to indicate an abrupt drop. The growth pace was the most rapid in 2010 when production volume increased by 9.3% y-o-y. Pepper production peaked at $235M in 2007; however, from 2008 to 2010, production failed to regain its momentum.
In 2010, the average pepper yield in Brazil stood at 2.2 tonne per ha, reducing by -6% against the previous year. In general, the pepper yield continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2009 when yield increased by 1.3% against the previous year. In that year, the average pepper yield attained its peak level of 2.4 tonne per ha, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2010, the pepper harvested area in Brazil stood at 23K ha, dropping by -15.1% against the previous year. Over the period under review, the pepper harvested area continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2009 when harvested area decreased by -7.2% year-to-year. Over the period under review, the harvested area dedicated to pepper production attained its maximum at 33K ha in 2007; however, from 2008 to 2010, harvested area failed to regain its momentum.
The revenue of the pepper market in Brazil amounted to $93M in 2010, dropping by -15.9% 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, pepper consumption continues to indicate a deep slump. The pace of growth was the most pronounced in 2008 when the market value decreased by -11.8% year-to-year. Over the period under review, the pepper market attained its peak figure level at $163M in 2007; however, from 2008 to 2010, consumption stood at a somewhat lower figure.