IPC REPORT - 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 2018, Madagascar was reported to have exported a total of 3,313 Mt of pepper which 90% or 2,986 Mt of it comprised of whole pepper and 10% or 328 Mt of it ground pepper. Madagascar on average exported a total of 276 Mt per month in 2018 which peaked in January with 538 Mt. The total revenue of Madagascar's export of pepper in 2018 was reported to be as high as 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 2,467 per Mt for ground pepper.

Year 2019 saw an increase in term of quantity of pepper exported by Madagascar. 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, recording an increase of 12% when compared to 2018. The average export of pepper by Madagascar in 2019 was reported to be 308 Mt per month which peaked in October with 620 Mt. Although increasing in term of quantity, Madagascar's revenue from pepper export was reported with a decrease of 23% as compared to the previous year to a total of USD 7.1 Million. Thus, recording an average price of the total pepper exported by Madagascar at USD 1,919 per Mt for whole pepper and USD 2,079 per Mt for ground pepper or a decrease of 32% and 16% respectively as compared to 2018.

As of December 2020, Madagascar was reported to have exported a total of 4,578 Mt which 95% or 4,344 Mt of it comprised of whole pepper and 5% or 234 Mt of it ground pepper. Thus, recording an increase of 24% when compared to the same period in 2019. As of December 2020, the total revenue of pepper export by Madagascar was reported to have reached USD 8.6 Million, recording an increase of 22% as compared to the same period in 2019. The average price of the total pepper exported by Madagascar as of December 2020 was reported to be USD 1,961 per Mt for whole pepper and USD 670 per Mt for ground pepper or an increase of 2% for whole pepper and a decrease of 68% for ground pepper as compared to 2019.

Pepper from Madagascar is traded worldwide with most of them being Asian countries. As of December 2020, Madagascar's top 5 country destinations for its pepper were reported to be United Arab Emirates with 576 Mt (an increase of 31% as compared to the same period in 2019), Pakistan with 558 Mt (an increase of 77%), India with 459 Mt (an increase of 353 Mt), France with 389 Mt (stable and unchanged) and Egypt with 290 Mt (an increase of 4%)