Pepper market in Americas

Earlier Report Observations

The pepper market volume in the Americas increased from 52.5 thousand tons in 2018 to 85.9 thousand tons in 2022, experiencing a temporary contraction to 51.6 thousand tons in 2020. After reaching 85.9 thousand tons in 2022, the market size stabilized at this level in 2023. Domestic production rose from 119.8 thousand tons in 2018 to 148.3 thousand tons in 2022, before a slight decrease to 145.3 thousand tons in 2023.

In 2024, a 15% increase in import prices for pepper contributed to a reduction in import volumes, which fell to 16.6 thousand tons. Exports also declined significantly to 59.7 thousand tons. During this period, the market continued to be shaped by rising consumer demand for organic and sustainably sourced pepper products, driven by health and wellness trends and the growing popularity of Asian cuisines. The presence of major global companies further influenced market dynamics.

Production pepper in Americas

In kind, 2017-2020, K t

Top producers of pepper, 2017-2020

World map of production of pepper, 2017-2020

Pepper production in the Americas has increased for the third consecutive year. In 2020, production reached 133.9 K t, showing a controlled growth of 5.1% compared to the previous year. Between 2017 and 2020, production rose by 39.9%, which translates to an annualized growth rate of 11.8%.

Annual dynamics of production in Americas in kind, 2017-2020, K t

Exports pepper from Americas

Exports in kind, K t

Pepper exports from the Americas to international markets have grown for the third year in a row. In 2020, exports totaled 93.6 K t, marking a 19.7% increase from the year before. From 2017 to 2020, exports expanded by 45.6%, with an annualized growth rate of 13.3%.

Annual dynamics of product's exports from Americas in kind, 2017-2020, K t

Between 2017 and 2020, the country breakdown of pepper exports in kind was quite scattered. Germany accounted for 16.1% of exports, Vietnam for 11.5%, and Morocco for 6.3%. Together, these three partners represented just 33.9% of total flows, with no single country emerging as clearly dominant.

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

World map of product's exports from Americas in kind, 2017-2020

Exports in value, M $ US

After a two-year decline, pepper exports from the Americas to abroad have rebounded. In 2020, export value reached 222.8 M $ US, reflecting a 4.9% increase from the previous year. However, between 2017 and 2020, exports decreased by 29.5%, with an annualized decline of 11.0%. The lowest value was recorded in 2019 at 212.4 M $ US, while the largest drop occurred in 2018, with a decline of 24.8%.

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

The structure of pepper exports in value terms from 2017 to 2020 indicates a diversified set of trading partners. Germany contributed 17.4% of export value, Vietnam 9.6%, and Morocco 5.5%. Combined, these three countries accounted for only 32.4% of total flows, with the remaining 67.6% distributed among numerous smaller markets.

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

World map of product's exports from Americas in value, 2017-2020

Imports pepper to Americas

Imports in kind, K t

The pepper import market in the Americas showed significant volatility during this period. The lowest volume was recorded in 2018 at 9.5 K t, while the highest stood at 11.3 K t in 2017, resulting in a peak-to-trough ratio of 3.5 times. In 2020, imports reached 11.3 K t, showing minimal year-over-year change. The largest decline occurred in 2018, with a drop of 71.6%, followed by the largest increase in 2019, at 20.0%.

Annual dynamics of product's imports to Americas in kind, 2017-2020, K t

From 2017 to 2020, the country composition of pepper imports in kind was dispersed. Vietnam accounted for 24.0% of imports, India for 5.8%, and Spain for 3.5%. Together, these three suppliers formed just 33.3% of total flows, with the remaining 66.7% split among a wide range of other destinations.

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

World map of product's imports to Americas in kind, 2017-2020

Imports in value, M $ US

Pepper imports into the Americas have declined for the third consecutive year. In 2020, import value stood at 83.6 M $ US, representing a 3.9% decrease year-over-year. Over the period from 2017 to 2020, imports fell by 37.3%, with a compound annual growth rate of -14.4%.

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

Between 2017 and 2020, Vietnam, India, and Spain were among the largest suppliers of pepper to the Americas in value terms, accounting for 26.5%, 8.5%, and 3.5% of imports, respectively. However, even combined, they represented just 38.5% of total import value, highlighting a broadly diversified partner base.

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

World map of product's imports to Americas in value, 2017-2020