What is the global landscape of the chili pepper market?

Global Market

• Worldwide yield is increasing from 15 M MT (2008) to 18.5M MT (2018)

• China accounts for 49.5% of total world production.

Production & Export

• Total of 3,200,000 tons (2020)

• Annual growth of 4.82%.

• Roughly (30-40%) 1,040,000 tons are allotted for export

• Individual grower average production: 3 tons/ha - max 54 tons/ha (2019)

• Mexico has a 23.9% share in world export (2020)

• Increasing yield from 1.8 kg/m2 (2019) to 12.3 kg /m2 (2020)

Trends

• Exported 23.9% of the world’s total export volume. Displacing Spain as the top exporter of hot chili worldwide (22%) (2020).

• The USA is basically the biggest and, in 2020, the only importer of Mexican Chili pepper.

• Ironically, the biggest competitor in the US market are US producers and, more recently, South American exporters (Dominican Rep. Colombia)

• The development of agro-industrial technology increased production 3 folds in the last 2 years.