HS Code:
Chili peppers, classified under HS Code 070960, encompass a variety of fresh or chilled peppers, including bell peppers, jalapeños, and other spicy varieties. They are a significant agricultural commodity in global trade, valued for their culinary use, nutritional benefits, and as a source of capsaicin for industrial applications. The trade of chili peppers is influenced by factors such as climate suitability, agricultural practices, and consumer demand for spicy foods across cultures.
Total Trade Volume
USD 4.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.2 billion
26.7% of total trade of total trade
Increasing
USD 800 million
17.8% of total trade of total trade
Stable
USD 600 million
13.3% of total trade of total trade
Increasing
USD 400 million
8.9% of total trade of total trade
Stable
USD 300 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
20% (imposed by certain South Asian countries)
Lowest Rate
0% (under free trade agreements like EU-Mexico)
Rising demand for organic chili peppers
Increased exports from countries with strong organic certification systems, driving premium pricing and market diversification.
2021-2022
Growth in processed pepper products
Shift in trade patterns towards value-added products like dried peppers and sauces, boosting trade value for exporting nations.
2020-2022
Climate change affecting yields
Disruptions in traditional growing regions leading to supply shortages and price volatility in global markets.
2019-2022
The updated EU-Mexico trade agreement has reduced tariffs on chili peppers, facilitating increased exports from Mexico to European markets.
April 2023
Expected to boost Mexico's export volume by 10-15% over the next two years.
The United States introduced stricter phytosanitary requirements for imported chili peppers to prevent the spread of invasive pests.
January 2023
May cause delays and increased compliance costs for exporters, particularly from Central and South America.
Turkey has invested heavily in greenhouse technology to increase chili pepper production, aiming to capture a larger share of the European market.
September 2022
Likely to intensify competition among European importers and stabilize supply during off-season periods.