Friday, October 11, 2019

IPC REPORT - EXPORT OF PEPPER BY CHINA



China officially the People's Republic of China (PRC or PR China), is a country in East Asia and the world's most populous country with a population of around 1.44 billion as per October 2019 (source : population.un.org). China is one of the producers of white pepper in the world with cultivation area concentrated in the peninsula of Hainan. As majority of the pepper product in China does not leave the country, China is considered as one of the highest consumers of pepper among pepper producing countries. However, China also exports pepper to various countries in the world.

In 2017, China was reported to have exported a total of 1,311 Mt of pepper from which 43% or 563 Mt of it comprised of whole pepper and 57% or 749 Mt of it ground pepper. China on average exported a total of 109 Mt per month in 2017. The total revenue of China export in 2017 was reported to be as high as USD 14.8 Million, Thus, recording an average price of the total pepper exported by China at USD 9,831 per Mt for whole pepper and USD 12,496 per Mt for ground pepper.


Year 2018 saw an increasing trend in term of quantity of pepper exported by China. China was reported to have exported a total of 2,523 Mt of pepper of which 64% or 1,606 Mt of it comprised of whole pepper and 36% or 916 Mt of it ground pepper. Thus, recording a significant 92% increase in term of quantity as compared to the same period in 2017. The average export of pepper by China was reported to be at 210 Mt per month. In accordance with increasing in terms of quantity, China's revenue from pepper export was reported to have increased by 34% to a total of USD 19.9 Million, recording an average price of the total pepper exported by China at USD 6,046 per Mt for whole pepper and USD 11,158 per Mt for ground pepper or a decrease by 38% and 11% respectively as compared with 2017.


As of July 2019, China was reported to have exported a total of 1,081 Mt which comprised of 692 Mt of whole pepper and 388 Mt of ground pepper. Thus, recording a loss of 23% when compared to the same period in 2018. By the end of July 2019, the total revenue of pepper export by China was reported to have reached USD 7.2 Million, recording a decrease by 41% as compared to the same period in 2018. The average price of the total pepper exported by China as of July 2019 was reported at USD 6,017 per Mt for whole pepper and 7,891 per Mt for ground pepper. Furthermore, as of July 2019, China's top 5 country destinations for its pepper were reported to be North Korea with 343 Mt (a decrease of 35% as compared with the same period in 2018), Hong Kong with 160 Mt (an increase of 37%), United States of America with 153 Mt (an increase of 19%), Germany with 115 Mt (an increase of 92%) and Thailand with 49 Mt (an increase of 12%). 











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