Price for Pepper (of the Genus Piper), Crushed or Ground in Thailand - 2024
Contents:
- Price for Pepper (of the Genus Piper), Crushed or Ground in Thailand (CIF) - 2024
- Price for Pepper (of the Genus Piper), Crushed or Ground in Thailand (FOB) - 2024
- Imports of Pepper (of the Genus Piper), Crushed or Ground in Thailand
- Exports of Pepper (of the Genus Piper), Crushed or Ground in Thailand
Price for Pepper (of the Genus Piper), Crushed or Ground in Thailand (CIF) - 2024
The average import price for pepper (of the genus piper), crushed or ground stood at $6,126 per ton in January 2024, with a decrease of -14.3% against the previous month. Over the period under review, the import price recorded a mild curtailment. The growth pace was the most rapid in September 2023 an increase of 51% m-o-m. As a result, import price reached the peak level of $9,073 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($10,436 per ton), while the price for Vietnam amounted to $5,949 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%).
Price for Pepper (of the Genus Piper), Crushed or Ground in Thailand (FOB) - 2024
The average export price for pepper (of the genus piper), crushed or ground stood at $9,112 per ton in January 2024, growing by 9.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 25% month-to-month. As a result, the export price reached the peak level of $10,796 per ton. From November 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Malaysia ($20,253 per ton), while the average price for exports to the United States ($6,752 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pepper (of the Genus Piper), Crushed or Ground in Thailand
In 2022, supplies from abroad of pepper (of the genus piper), crushed or ground decreased by -2.8% to 1.3K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 2.9% against the previous year. As a result, imports reached the peak of 1.4K tons, and then reduced slightly in the following year.
In value terms, imports of pepper (of the genus piper), crushed or ground expanded to $9M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, imports of pepper (of genus piper), crushed or ground reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Pepper (of the Genus Piper), Crushed or Ground in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.4 | 4.2 | 4.5 | 6.4 | 13.3% |
| Malaysia | 0.9 | 0.8 | 1.1 | 1.2 | 10.1% |
| India | N/A | 1.0 | 0.9 | 0.5 | -29.3% |
| China | 0.7 | 0.8 | 1.1 | 0.5 | -10.6% |
| Philippines | 1.1 | 0.7 | 0.9 | 0.4 | -28.6% |
| Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
| Total | 7.5 | 7.6 | 8.8 | 9.0 | 6.3% |
Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Thailand in 2022:
- Vietnam (1100.0 tons)
- Malaysia (119.7 tons)
- China (61.0 tons)
- India (40.8 tons)
- Philippines (19.1 tons)
Exports of Pepper (of the Genus Piper), Crushed or Ground in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of pepper (of the genus piper), crushed or ground, which increased by 0.6% to 439 tons in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of pepper (of the genus piper), crushed or ground skyrocketed to $3.5M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, the exports of pepper (of genus piper), crushed or ground hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Pepper (of the Genus Piper), Crushed or Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 51.0 | 98.3 | 874 | 2,043 | 242.2% |
| United States | 376 | 465 | 687 | 371 | -0.4% |
| Hong Kong SAR | 159 | 168 | 144 | 231 | 13.3% |
| Indonesia | 4.5 | 48.0 | 108 | 159 | 228.1% |
| China | 178 | 130 | 113 | 121 | -12.1% |
| Vietnam | 0.7 | 1.0 | 5.6 | 81.1 | 387.5% |
| Malaysia | 37.1 | 56.7 | 76.0 | 68.1 | 22.4% |
| New Zealand | 81.3 | 86.6 | 80.3 | 67.8 | -5.9% |
| Myanmar | N/A | 15.3 | 15.0 | 38.2 | 58.0% |
| Lao People's Democratic Republic | 1.0 | 6.6 | 18.6 | 36.7 | 232.3% |
| Taiwan (Chinese) | 178 | 97.3 | 51.5 | 32.9 | -43.0% |
| Cambodia | 72.9 | 39.6 | 3.9 | 3.1 | -65.1% |
| Others | 349 | 279 | 303 | 210 | -15.6% |
| Total | 1,489 | 1,491 | 2,482 | 3,462 | 32.5% |
Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Thailand in 2022:
- Australia (230.0 tons)
- United States (62.8 tons)
- Lao People's Democratic Republic (18.6 tons)
- Vietnam (15.5 tons)
- Indonesia (14.8 tons)
- Myanmar (13.4 tons)
- Hong Kong SAR (13.2 tons)
- Malaysia (12.3 tons)
- China (11.1 tons)
- New Zealand (8.3 tons)
- Taiwan (Chinese) (6.2 tons)
- Cambodia (0.3 tons)
1213
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India dominates in the global pepper trade. In 2014, India exported X thousand tons of pepper totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total pepper exports in value
