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Increasing Prices of Paprika in Japan in March 2023

Paprika
Japan
Price
Supply
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Yuta Watanabe
Updated Mar 24, 2023
Paprika prices have been high in Japan continuously since January 2023. As of March 24, 2023, the average retail price was USD 1.52/kg, which is almost 30% more than the average for March 2023. The main reason for this situation is lower import volumes. Japan imports 90% of the paprika consumed in Japan. Lower import volumes mean a collapse in the domestic supply-demand balance, which affects prices. In particular, imports from South Korea appear to be declining. In January 2023, imports of paprika were at a 40% YoY decline. According to wholesale markets, this situation has not changed recently.
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