Updated Jan 16, 2023 01:30

Global Pimenta Pepper Market

Market Overview
The global pimenta pepper market contracted to $ in , leveling off at 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 notable increase 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 decreased by -% against 2018 indices. Over the period under review, the global market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

In value terms, pimenta pepper production reached $ in estimated in export price. Over the period under review, the total production indicated a temperate increase 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, production decreased by -% against indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by %. Over the period under review, global production hit record highs at $ in ; however, from to , production stood at a somewhat lower figure.

India ( tons) constituted the country with the largest volume of pimenta pepper production, comprising approx. % of total volume. Moreover, pimenta pepper production in India exceeded the figures recorded by the second-largest producer, Thailand ( tons), fivefold. China ( tons) ranked third in terms of total production with a % share.

In India, pimenta pepper production expanded at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+% per year) and China (+% per year).

In , the global average yield of pimenta pepper was estimated at tons per ha, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. Over the period under review, the average pimenta pepper yield attained the peak level at tons per ha in 2018; however, from 2019 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In , the total area harvested in terms of pimenta pepper production worldwide shrank slightly to ha, approximately reflecting figures. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the harvested area increased by %. As a result, the harvested area attained the peak level of ha; afterwards, it flattened through to .


Consumption
In , global pimenta pepper consumption fell slightly to tons, with a decrease of -% on the year before. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the peak volume at tons in 2018; however, from 2019 to , consumption failed to regain momentum.

The global pimenta pepper market revenue fell to $ in , therefore, remained relatively stable 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 measured increase 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 decreased by -% against 2018 indices. Over the period under review, the global market attained the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.


Consumption by Country
India ( tons) constituted the country with the largest volume of pimenta pepper consumption, accounting for % of total volume. Moreover, pimenta pepper consumption in India exceeded the figures recorded by the second-largest consumer, Thailand ( tons), threefold. The third position in this ranking was held by Ethiopia ( tons), with a % share.

In India, pimenta pepper consumption remained relatively stable over the period from 2007-. In the other countries, the average annual rates were as follows: Thailand (+% per year) and Ethiopia (+% per year).

In value terms, India ($), Ethiopia ($) and Thailand ($) appeared to be the countries with the highest levels of market value in , together accounting for % of the global market. These countries were followed by Benin, Bangladesh, China, the United States, Cote d'Ivoire, Pakistan, Vietnam, Ghana, Myanmar and Nepal, which together accounted for a further %.

Among the main consuming countries, Benin, 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 pimenta pepper per capita consumption in were Benin ( kg per person), Thailand ( kg per person) and Cote d'Ivoire ( kg per person).

From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Nepal (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for pimenta pepper worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, 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 .