Asia: Chili And Pepper Market 2024

Chili And Pepper Market Size in Asia

In 2023, the Asian chili and pepper market decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Chili And Pepper Production in Asia

In value terms, chili and pepper production amounted to $X in 2023 estimated in export price. The total production indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

China (X tons) remains the largest chili and pepper producing country in Asia, comprising approx. X% of total volume. Moreover, chili and pepper production in China exceeded the figures recorded by the second-largest producer, Turkey (X tons), sixfold.

In China, chili and pepper production remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Indonesia (X% per year).

The average chili and pepper yield stood at X tons per ha in 2023, flattening at the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of yield peaked in 2023 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chili and pepper harvested area contracted to X ha in 2023, flattening at 2022. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2022, and then reduced slightly in the following year.

Chili And Pepper Exports

Exports in Asia

In 2023, the amount of chilies and peppers (green) exported in Asia expanded significantly to X tons, with an increase of X% compared with 2022 figures. Total exports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, chili and pepper exports expanded significantly to $X in 2023. Total exports indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) and China (X tons) represented roughly X% of total exports in 2023. India (X tons) ranks next in terms of the total exports with an X% share, followed by Iran (X%) and Thailand (X%). Israel (X tons), Jordan (X tons), South Korea (X tons), Vietnam (X tons), Cambodia (X tons) and Myanmar (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest chili and pepper supplying countries in Asia were Turkey ($X), China ($X) and Israel ($X), together accounting for X% of total exports. South Korea, India, Vietnam, Thailand, Iran, Cambodia, Myanmar and Jordan lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Chili And Pepper Imports

Imports in Asia

In 2023, approx. X tons of chilies and peppers (green) were imported in Asia; shrinking by X% on 2022. Total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports fell to $X in 2023. Total imports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Malaysia (X tons) and Thailand (X tons) were the major importers of chilies and peppers (green) in Asia, together accounting for near X% of total imports. It was distantly followed by China (X tons), Japan (X tons), Saudi Arabia (X tons), Kazakhstan (X tons), Singapore (X tons) and Qatar (X tons), together creating a X% share of total imports. The following importers - the United Arab Emirates (X tons), Kuwait (X tons), Bahrain (X tons), Brunei Darussalam (X tons) and Azerbaijan (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chili and pepper importing markets in Asia were Thailand ($X), Japan ($X) and Malaysia ($X), with a combined X% share of total imports. The United Arab Emirates, Singapore, China, Kuwait, Qatar, Kazakhstan, Saudi Arabia, Bahrain, Brunei Darussalam and Azerbaijan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, almost unchanged from the previous year. In general, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform