Pepper exports in Vietnam decreased in volume and increased in value

Published 2024년 5월 10일

Tridge summary

Vietnam's pepper exports in the first four months of this year saw a decrease in volume but an increase in value, according to the Vietnam Pepper and Spice Association. The country exported 83,067 tonnes of pepper, valued at 352 million USD, marking a 19.4% decrease in volume but a 10.3% increase in value compared to the same period in 2023. The average export price of black pepper and white pepper increased by 19.4% and 14.5%, respectively. However, exports to the Asian market, particularly China and the UAE, saw a significant decrease. India emerged as the largest importer of Vietnamese pepper in Asia. There was a surge in exports to the American and European markets, with the US and Germany being the largest importers. Despite a decrease in overall African exports, Egypt's market showed positive signs with a 10.7% increase in exports.

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Original content

Vietnam exported 83,067 tonnes of pepper worth 352 million USD in the first four months of this year, down 19.4% in volume but up 10.3% in value, the Vietnam Pepper and Spice Association (VPSA) has reported. The average export price of black pepper was 4,065 USD per tonne and white pepper 5,678 USD per tonne, up 19.4% and 14.5%, respectively, compared to the same period in 2023. Asia currently accounts for 36.2% of Vietnam's total pepper exports, but in the reviewed period, export volume to the regional market decreased by 52% from the same period in 2023, with the biggest decrease from the China, down 95.2%, followed by UAE with 23%. India is currently the largest importer of Vietnamese pepper in Asia in the period with 5,552 tonnes, accounting for 6.7% and up 23.9% over the same period. Exports also skyrocketed in some markets such as the Republic of Korea, Pakistan, and the Philippines with 157.4%, 59.7% and 18.5%, respectively. The American market recorded a hike of 40.6% in ...

Source: WTOCenter