Key Market Indicators
Demand for Nepalese peppers is forecast to rise over the next five years. By 2026, it is expected to reach 32,000 metric tons, a 0.6% year-on-year average growth rate. Since 2017, Nepalese demand for the spice has increased by an average of 1.1% each year. Meanwhile, production of Nepalese peppers is expected to reach 165,190 metric tons by 2026, representing a 3.4% year-on-year average growth rate. Since 2003, supply of the spice has grown by an average of 3.6% each year. Nepal ranked 25th in worldwide production in 2021, producing 134,690 metric tons. The top three producers were Japan, Mexico, and Indonesia, followed by Spain.
