The 2023 global pepper market was led by Vietnam at 140 thousand metric tons, followed by the United States (64), China (46), and India (41). Notable increases over the past two years include Vietnam with a 4.75% growth and India with 1.01%. Conversely, Indonesia experienced a decline of -1.11%. The five-year Compound Annual Growth Rate (CAGR) showed modest growth trends, particularly in markets like Brazil and the United States.
Future trends to watch include:
- Continued growth in emerging markets such as Brazil and India.
- Potential market stabilization in the United States and Germany.
- Possible declines in traditional markets like Indonesia.
Top countries in Pepper Market Size Volume by Country
# | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Vietnam | 140 | 2023 | +6.06% | +4.75% | View data |
2 | 2 United States | 64 | 2023 | 0% | +0.32% | View data |
3 | 3 China | 46 | 2023 | 0% | +0.89% | View data |
4 | 4 India | 41 | 2023 | +2.5% | +1.01% | View data |
5 | 5 Indonesia | 35 | 2023 | 0% | -1.11% | View data |
6 | 6 Malaysia | 22 | 2023 | 0% | 0% | View data |
7 | 7 Germany | 16 | 2023 | 0% | 0% | View data |
8 | 8 Sri Lanka | 15 | 2023 | 0% | 0% | View data |
9 | 9 United Kingdom of Great Britain and Northern Ireland | 12 | 2023 | |||
10 | 10 Brazil | 12 | 2023 | 0% | +1.76% | View data |