Spain,
officially the Kingdom of Spain, is located in Europe with its
continental European territory is situated on the Iberian Peninsula. Its
territory also includes two archipelagoes: the Canary Islands off the
coast of Africa, and the Balearic Islands in the Mediterranean Sea make
Spain the only European country to have a physical border with an
African country (Morocco). Furthermore, Spain actively imports pepper
from various pepper producing countries for domestic consumption or for
re-export.
In
2018, Spain was reported to have imported a total of 5,280 Mt which 90%
of it comprised of whole pepper. In the following year, Spain import of
pepper increased by 10%, totaling at 5,789 Mt. The ratio of Spain's
import and export during 2018-January 2019 are 2:1 respectively. As of
January 2020, Spain was reported to have imported a total of 553 Mt of
which 226 Mt went for re-export purposes. The top five countries of
origins of Spain pepper both for whole and ground for January 2020 were
reported to be Viet Nam with 220 Mt, Brazil with 149 Mt, Ecuador with 49
Mt, Belgium with 31 Mt and India with 29 Mt.
In
2018, Spain was reported to have exported a total of 3,267 Mt of pepper
from which 34% or 1,112 Mt of it comprised of whole pepper and 66% or
2,155 Mt of it ground pepper. Spain on average exported a total of 272
Mt per month in 2018 which peaked in May with 432 Mt. The total revenue
of Spain's export of pepper in 2018 was reported to be as high as USD
14.6 Million. Thus, recording an average price of the total pepper
exported by Spain at USD 4,419 per Mt for whole pepper and USD 4,516 per
Mt for ground pepper.
Year
2019 saw a decrease in term of quantity of pepper exported by Spain.
Spain was reported to have exported a total of 2,991 Mt of which 29% or
877 Mt of it comprised of whole pepper and 71% or 2,115 Mt of it ground
pepper, recording a decrease of 8% when compared with 2018. The average
export of pepper by Spain in 2019 was reported to be at 249 Mt per month
which peaked in March with 379 Mt. In accordance with decreasing in
terms of quantity, Spain's revenue from pepper export was also reported
with a decreased by 23% as compared to the previous year to a total of
USD 11.2 Million. Thus, recording an average price of the total pepper
exported by Spain at USD 4,095 per Mt for whole pepper and USD 3,637 per
Mt for ground pepper or a decrease by 7% and 19% respectively as
compared to 2018.
As
of January 2020, Spain was reported to have exported a total of 226 Mt
which 24% or 55 Mt of it comprised of whole pepper and 76% or 171 Mt of
it ground pepper. Thus, recording a decrease of 13% when compared to the
same period in 2019. As of January 2020, the total revenue of pepper
export by Spain was reported to have reached USD 764,000, recording a
decrease by 20% as compared to the same period in 2019. The average
price of the total pepper exported by Spain as of January 2020 was
reported at USD 4,690 per Mt for whole pepper and USD 2,959 per Mt for
ground pepper.
Pepper
from Spain is widely traded in Europe, Africa and America. As of
January 2020, Spain's top 5 Country of destinations for its pepper were
reported to be Italy with 54 Mt (an increase of 122% as compared to the
same period in 2019), France with 43 Mt (an increase of 71%), Portugal
with 38 Mt (an increase of 259%), Egypt with 25 Mt (2019 N.A.) and
United Kingdom with 10 Mt (an increase of 283%).
WHATSAPP +5511988027709
MAIL manager@peppertrade.com.br
TWITTER : https://twitter.com/peppertrade
CHECK ALSO OUR BLOG OF OFFERS - https://offers-peppertrade.blogspot.com/
If you have a serious offer send us with a valid date to : manager@peppertrade.com.br
LOCAL MARKET
Market
this week showed a positive response with Indonesia origin reported
with the highest increase. In local market, Malabar black pepper was
reported stable averaging at USD 4,159 per Mt. Following the
strengthening of the Indonesian rupiah against US Dollar by 4% as
compared to last week's average, Indonesia black and white pepper were
reported with an increase of 8% and 4% respectively as opposed to the
previous week averaging at USD 1,591 per Mt for black pepper and USD
2,737 per Mt for white pepper. Malaysia's black and white pepper were
reported stable and unchanged. Furthermore, Viet Nam black and white
pepper were reported with an increase of 1% respectively when compared
to the previous week and was traded at an average of USD 1,594 per Mt
for black pepper and USD 2,381 per Mt for white pepper. As a result of
the strengthening of Sri Lankan Rupee against US Dollar, Sri Lanka black
pepper was reported with an increase of 3% as compared to the previous
week and was traded at an average of USD 2,732 per Mt. China white
pepper was reported with a slight increase of 1% and was traded at an
average of USD 4,263 per Mt locally.
INTERNATIONAL MARKET
International
market also showed a positive outlook as only India and Malaysia origin
were reported stable. India black pepper was reported stable at an
average of USD 4,421 per Mt. Indonesia black and white pepper were
reported with an increase of 8% and 4% respectively as compared to the
previous week averaging at USD 1,967 per Mt for black pepper and USD
3,258 per Mt for white pepper. Malaysia black and white pepper continued
to be traded stable and unchanged. Furthermore, Viet Nam black pepper
500 g/l, 550 g/l and Viet Nam white pepper were reported with an
increase of 2%, 2% and 1% respectively as compared to the previous week
averaging at USD 2,090 per Mt, USD 2,120 per Mt and USD 3,020 per Mt
respectively. China white pepper was reported with an increase of 1% as
opposed to the previous week and was traded at an average of USD 4,463
per Mt internationally.
WHATSAPP +5511988027709
MAIL manager@peppertrade.com.br
TWITTER : https://twitter.com/peppertrade
CHECK ALSO OUR BLOG OF OFFERS - https://offers-peppertrade.blogspot.com/
If you have a serious offer send us with a valid date to : manager@peppertrade.com.br
Posts
