HS Code:
The category of fruits of the genus Capsicum (peppers) or of the genus Pimenta (e.g., allspice) falls under HS Code 0904. This includes a variety of peppers such as chili, bell peppers, and cayenne, as well as allspice (Pimenta dioica), which is often used as a spice. These products are cultivated globally, with significant production in tropical and subtropical regions. They are widely traded for culinary, medicinal, and industrial purposes, contributing to both fresh and processed food markets. Trade in this category is influenced by climatic conditions, agricultural practices, consumer demand for spicy foods, and international trade agreements.
Total Trade Volume
USD 3.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
6.5%
Highest Rate
20% (applied by certain developing countries to protect local agriculture)
Lowest Rate
0% (under free trade agreements such as EU-Mercosur or USMCA)
Rising demand for organic and sustainably sourced peppers
Increased market opportunities for certified organic producers, especially in Europe and North America
2021-2023
Growing popularity of spicy cuisines globally
Higher export volumes for chili peppers from countries like Mexico and India to meet consumer demand
2020-2022
Climate change affecting production yields
Unpredictable weather patterns causing supply shortages and price volatility in key producing regions
2019-2023
The modernized EU-Mexico trade agreement reduced tariffs on agricultural products, including peppers, facilitating increased exports from Mexico to European markets.
April 2023
Expected to boost Mexico's pepper exports by 15% over the next five years.
The United States lifted a temporary ban on pepper imports from certain Indian regions after compliance with pest control measures was verified.
January 2023
Restored trade flow, benefiting Indian exporters with an estimated USD 50 million in additional revenue.
Severe drought in parts of Mexico and India led to a 10% reduction in pepper harvests, impacting global supply chains.
July 2022
Increased prices for Capsicum products by approximately 8% in international markets.