Capsicum and pimenta fruits market in South-eastern Asia

Earlier Report Observations

The market for fresh capsicum and pimenta fruits in South-eastern Asia showed steady growth from 2018 to 2023, with total volume increasing from 2.6 million tons to 3.2 million tons. This expansion was initially supported by retail innovations such as the rise of online grocery shopping and the entry of new delivery services like honestbee into physical stores, which enhanced product accessibility and stimulated broader consumption across the region.

After a minor contraction in 2021, the market recovered and continued its upward trajectory, reaching 3.2 million tons by 2023. The sustained growth coincided with evolving consumer preferences, including a heightened focus on health-conscious diets and demand for premium, fresh produce, which further supported market volume in the latter part of the period.

Production capsicum and pimenta fruits in South-eastern Asia

In kind, 2017-2020, K t

Top producers of capsicum and pimenta fruits, 2017-2020

World map of production of capsicum and pimenta fruits, 2017-2020

Production of capsicum and pimenta fruits in South-eastern Asia has grown for the third year in a row. In 2020, the region produced 2 863 thousand tonnes, marking a 6.9% increase from 2019. Looking at the period from 2017 to 2020, production rose by 17%, with an average annual growth rate of 5.4%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, K t

Exports capsicum and pimenta fruits from South-eastern Asia

Exports in kind, t

The export market displayed significant volatility during this period. Exports hit their lowest point in 2017 and peaked in 2018, with a 2.2-fold difference between these years. In 2020, shipments from South-eastern Asia to abroad reached 52 008 tonnes, showing a sharp increase of 59.9% compared to 2019. The highest export volume was recorded in 2018 at 65 201 tonnes. The largest decline occurred in 2019, dropping by 50.1%, while the biggest increase was in 2018, surging by 123.2%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, China, South Korea, and the United States were the key destinations for exports in kind. China accounted for 25.7% of exports, South Korea for 6.2%, and the United States for 0.7%, together making up 32.6% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, M $ US

In 2020, capsicum and pimenta fruits exports from South-eastern Asia totaled 102.4 million US dollars, representing a 45.6% increase from the previous year. Between 2017 and 2020, exports grew by 7.9%, equivalent to an annualized rate of 2.6%. The lowest value was in 2019 at 70.4 million US dollars, while the highest was in 2018 at 117.2 million US dollars. The largest decline was in 2019, falling by 40.0%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, M $ US

During 2017–2020, China, South Korea, and Japan played a notable but not dominant role as buyers of capsicum and pimenta fruits from South-eastern Asia in value terms. China's share was 31.2%, South Korea's was 8.1%, and Japan's was 1.2%, with their combined share reaching 40.4% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports capsicum and pimenta fruits to South-eastern Asia

Imports in kind, t

The import data shows irregular changes, reflecting a volatile market environment. Imports reached their lowest point in 2019 and peaked in 2020, with a 2.8-fold swing between these years. In 2020, South-eastern Asia imported a total of capsicum and pimenta fruits, corresponding to a steep increase of 176.6% from 2019. The minimum import volume was recorded in 2019 at 23 868 tonnes. The largest decline occurred in 2018, dropping by 27.2%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, China and India formed the core group of markets for imports in kind, jointly accounting for 23.6% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, M $ US

The import market exhibited volatility over the observed period. Imports hit their lowest point in 2019 and peaked in 2020, with a 1.8-fold difference between these years. In 2020, shipments to South-eastern Asia from abroad amounted to 126.2 million US dollars, marking a sudden rise of 79.2% year-over-year. The minimum value was in 2019 at 70.5 million US dollars, and the largest decline was also in 2019, falling by 38.4%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, M $ US

Over 2017–2020, China and India together accounted for the main share of imports in value terms, making up 31.8% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South-eastern Asia in value, 2017-2020