Showing posts with label Toamasina. Show all posts
Showing posts with label Toamasina. Show all posts

Tuesday, February 18, 2020

#BLACKPEPPER - EXPORT OF PEPPER BY MADAGASCAR


EXPORT OF PEPPER BY MADAGASCAR
Madagascar, officially the Republic of Madagascar is an island country in the Indian Ocean, approximately 400 kilometers off the coast of East Africa. Madagascar is one of the producers of pepper in the world and actively export pepper to various countries.

In 2017, Madagascar was reported to have exported a total of 1,983 Mt of pepper from which 95% or 1,889 Mt of it comprised of whole pepper and 5% or 94 Mt of it ground pepper. Madagascar on average exported a total of 165 Mt per month in 2017 which peaked in December with 580 per Mt. The total revenue of Madagascar's export of pepper in 2017 was reported to be as high as USD 6.9 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 3,462 per Mt for whole pepper and USD 4,054 per Mt for ground pepper.


Year 2018 saw an increase in term of quantity of pepper exported by Madagascar. Madagascar was reported to have exported a total of 3,313 Mt of which 90% or 2,986 Mt of it comprised of whole pepper and 10% or 328 Mt of it ground pepper, recording an increase of 67% when compared with 2017. The average export of pepper by Madagascar in 2018 was reported to be at 276 Mt per month which peaked in January with 538 per Mt. In accordance with increasing in terms of quantity, Madagascar's revenue from pepper export was also reported to have increased by 33% as compared to the previous year to a total of USD 9.2 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 2,824 per Mt for whole pepper and USD 2,471 per Mt for ground pepper or a decrease by 18% and 39% respectively as compared with 2017.


At the end of 2019, Madagascar was reported to have exported a total of 3,696 Mt which 98% or 3,639 Mt of it comprised of whole pepper and 2% or 57 Mt of it ground pepper. Thus, recording an increase of 12% when compared to 2018. The average export of pepper by Madagascar in 2019 was reported to be at 308 Mt per month which peaked in October with 620 per Mt. By the end of 2019, the total revenue of pepper export by Madagascar was reported to have reached USD 7.1 Million, recording a decrease by 23% as compared to 2018. The average price of the total pepper exported by Madagascar in 2019 was reported at USD 1,919 per Mt for whole pepper and 2,079 per Mt for ground pepper or a decrease by 32% and 16% respectively as compared with 2018.


Pepper from Madagascar is widely traded in Asia, Europe and Africa. In 2019, Madagascar's top 5 Country of destinations for its pepper were reported to be United Arab Emirates with 440 Mt (a decrease of 19% as compared to 2018), France with 389 Mt (an increase of 11%), Sudan with 384 Mt (an increase of 75%), Pakistan with 316 Mt (a decrease of 30%) and Belgium with 299 Mt (a decrease of 1%). The significant decrease of export to Pakistan was the result of Pakistan starting to shift importing pepper from Brazil instead of Madagascar (an increase of 1,629 Mt of Pakistan import from Brazil). 







WHATSAPP +5511988027709
MAIL manager@peppertrade.com.br
TWITTER : https://twitter.com/peppertrade