Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala - 2023

Contents:

  1. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala (FOB) - 2023
  2. Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala (CIF) - 2022
  3. Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala
  4. Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala (FOB) - 2023

The average export price for pepper of the genus piper, neither crushed nor ground stood at $6,071 per ton in December 2023, dropping by -12.3% against the previous month. In general, the export price recorded a mild descent. The growth pace was the most rapid in July 2023 an increase of 236% against the previous month. Over the period under review, the average export prices reached the maximum at $7,265 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Germany ($10,188 per ton), while the average price for exports to El Salvador ($3,706 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala (CIF) - 2022

In 2022, the average import price for pepper of the genus piper, neither crushed nor ground amounted to $3,662 per ton, growing by 10% against the previous year. Over the period under review, the import price continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 115%. Over the period under review, average import prices attained the peak figure at $8,073 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,256 per ton), while the price for Honduras ($610 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala

In 2022, exports of pepper of the genus piper, neither crushed nor ground from Guatemala shrank markedly to 527 tons, with a decrease of -65.7% compared with the year before. Over the period under review, exports saw a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 60%. As a result, the exports reached the peak of 1.5K tons, and then reduced rapidly in the following year.

In value terms, exports of pepper of the genus piper, neither crushed nor ground declined dramatically to $2.3M in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 130% against the previous year. As a result, the exports reached the peak of $5.2M, and then dropped notably in the following year.

Export of Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates84.980.2N/A51282.0%
United States6708401,111440-13.1%
Lebanon48312.7160296-15.1%
Germany415368780278-12.5%
Canada1586.691.41896.2%
Iraq119N/A2411374.8%
South Africa1.7N/AN/A102291.5%
VietnamN/AN/AN/A86.60%
IndiaN/A29.737.176.060.0%
Netherlands28230045462.0-39.6%
Japan78.1179N/A50.0-13.8%
El Salvador3.77.413.830.3101.6%
Honduras11028.54.314.2-49.5%
Others5624162,32874.3-49.1%
Total2,9662,2685,2212,348-7.5%

Top Export Markets for Pepper of the Genus Piper, Neither Crushed Nor Ground from Guatemala in 2022:

  1. United Arab Emirates (156.1 tons)
  2. United States (70.3 tons)
  3. El Salvador (51.3 tons)
  4. Lebanon (50.2 tons)
  5. Germany (38.1 tons)
  6. Canada (25.2 tons)
  7. Honduras (22.9 tons)
  8. India (22.0 tons)
  9. Iraq (20.0 tons)
  10. Vietnam (18.2 tons)
  11. South Africa (12.5 tons)
  12. Japan (10.1 tons)
  13. Netherlands (10.0 tons)

Imports of Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala

In 2022, the amount of pepper of the genus piper, neither crushed nor ground imported into Guatemala skyrocketed to 410 tons, with an increase of 27% on the year before. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Over the period under review, imports of pepper of genus piper, neither crushed nor ground attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of pepper of the genus piper, neither crushed nor ground soared to $1.5M in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Pepper of the Genus Piper, Neither Crushed Nor Ground in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam18842370278060.7%
Brazil21869.110846728.9%
Sri Lanka22.035.542.185.657.3%
Spain0.632.751.248.2331.5%
Honduras3.72.224.441.2123.3%
Peru66.959.9N/AN/A-10.5%
Others13421114478.3-16.4%
Total6338331,0721,50133.3%

Top Suppliers of Pepper of the Genus Piper, Neither Crushed Nor Ground to Guatemala in 2022:

  1. Vietnam (164.9 tons)
  2. Brazil (91.5 tons)
  3. Sri Lanka (70.2 tons)
  4. Honduras (67.5 tons)
  5. Spain (7.8 tons)

Source: IndexBox Market Intelligence Platform

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