On-the-Ground Updates

Vietnam's Pepper Market Share in China Surges to 36.6% in 2023, Up from 32.4% in 2022

Whole Black Peppercorn
China
Vietnam
Market & Price Trends
Lai Nguyen Thi
Published Feb 23, 2024
Vietnam's share of the pepper market in China's total imports grew from 32.39% in 2022 to 36.57% in 2023. China's annual demand for pepper imports ranges between 65 and 70 thousand tons. After the Lunar New Year, Vietnam typically experiences its peak autumn season, coinciding with increased sourcing efforts by Chinese traders. In 2023, China is expected to increase pepper imports from Brazil and Malaysia but decrease them from India. The forecast for 2024 suggests that China's demand for pepper imports will rise compared to 2023, presenting an opportunity for pepper exporters worldwide.

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