Key Market Indicators
Consumption of Tanzanian Peppers is forecast to remain stable over the next five years. It is expected to reach 7,000 metric tons by 2026. This is in contrast to the growth in production, which is expected to increase by 2.4% CAGR. Tanzanian Peppers consumption has remained stable since 2017. It is expected to reach 7,000 metric tons in 2021 and remain at that level until 2026. Meanwhile, production of the crop is forecast to increase by 2.4% CAGR over the next five years. By 2026, it is expected to reach 23,950 metric tons. In 2021, Nicaragua overtook Tanzania as the top producer, with 20,770 metric tons. Mexico, Indonesia and Spain were the next three countries in the ranking.
