Vietnam: Pepper exports continued to decline

Published 2020년 11월 6일

Tridge summary

Vietnam's pepper exports in October 2020 amounted to 19 thousand tons with a value of $ 48 million, marking a decrease of 4.6% in volume and 15.2% in value compared to the same period in 2019. The US, Germany, and India were the largest markets, accounting for 31.3% of the total pepper export value. The average export price of pepper in the first 9 months of 2020 was $ 2,222.9 USD / ton, a decrease of 12.4% from the previous year. Despite a slight decrease in the pepper market, there are positive signs as countries reduce social distance measures, especially in the main importers like the US and India, and China has increased its pepper purchases.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Agro Processing and Market Development Department, the volume of pepper exported in October 2020 is estimated at 19 thousand tons with a value of $ 48 million, bringing the pepper export volume and value in the first 10 months of 2020 to 239. thousand tons and 537 million USD, down 4.6% in volume and 15.2% in value over the same period in 2019. The three largest pepper export markets of Vietnam in the first 9 months of 2020 are the US , Germany and India accounted for 31.3% market share of total pepper export value. The market with the highest growth in pepper export value in the first 9 months of 2020 is Myanmar (up 24.4%). In contrast, the market with the strongest drop in pepper export value was India (down 44.4%). Average export price of pepper in 9 months of 2020 reached 2,222.9 USD / ton, down 12.4% over the same period in 2019. On the world market, pepper prices by mid-October fluctuated inconsistently. Export price of black pepper of India increased by ...

Source: Vietnambiz