The pace of growth appeared the most rapid in 2011 when production volume increased by 47% against the previous year. Over the period under review, pepper production continues to indicate a remarkable increase. In value terms, pepper production totaled $3.8B in 2018 estimated in export prices. The general positive trend in terms of pepper output was largely conditioned by a tangible increase of the harvested area and a resilient expansion in yield figures. Over the period under review, global pepper production reached its maximum volume in 2018 and is likely to continue its growth in the immediate term. The pace of growth was the most pronounced in 2016 with an increase of 11% against the previous year. Based on 2018 figures, pepper production increased by +55.4% against 2012 indices. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. In general, the total output indicated a conspicuous expansion from 2007 to 2018: its volume increased at an average annual rate of +3.2% over the last eleven years. In 2018, the amount of pepper produced worldwide stood at 752K tonnes, jumping by 5.1% against the previous year. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 840K tonnes by the end of 2025. The countries with the highest levels of pepper per capita consumption in 2018 were Bulgaria (7,641 kg per 1000 persons), Singapore (5,288 kg per 1000 persons) and Viet Nam (1,724 kg per 1000 persons).ĭriven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. These countries were followed by Indonesia, Singapore, China, Malaysia, Bulgaria, Sri Lanka, the United Arab Emirates, Germany and the UK, which together accounted for a further 33%. ($374M) constituted the countries with the highest levels of market value in 2018, with a combined 43% share of the global market. In value terms, Viet Nam ($904M), India ($506M) and the U.S. These countries were followed by Bulgaria, Indonesia, China, Singapore, Malaysia, Sri Lanka, Germany, the United Arab Emirates and the UK, which together accounted for a further 33%. (68K tonnes), with a combined 41% share of global consumption. The countries with the highest volumes of pepper consumption in 2018 were Viet Nam (166K tonnes), India (86K tonnes) and the U.S. The global pepper consumption peaked at $4.2B in 2017, and then declined slightly in the following year. The most prominent rate of growth was recorded in 2011 when the market value increased by 26% against the previous year.
In general, pepper consumption continues to indicate a strong expansion. 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). The global pepper market revenue in 2018 is estimated at $4.1B, a decrease of -1.7% y-o-y.
05, 2020 (GLOBE NEWSWIRE) - The "World - Pepper - Market Analysis, Forecast, Size, Trends and Insights" report has been added to 's offering.