In Vietnam, pepper exports decreased in volume but increased in value

Published 2022년 10월 11일

Tridge summary

In September 2022, Vietnam saw a decrease in pepper exports and export turnover, with the US and China being the largest import markets. Despite this, the year-on-year export turnover increased by 7.6 million USD. From January to September 2022, Vietnam exported 177,221 tons of pepper, with a decrease in volume but an increase in turnover. Olam is the leading exporter, and the market situation for the rest of the year depends on the Chinese market and the EU. Political tensions in Eastern Europe and China's "Zezo Covid" policy may impact the market, but the International Pepper Association expects the market to stabilize and increase in the later months of 2022.

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

Original content

Official statistics of the Vietnam Pepper Association (VPA) said that in September 2022, Vietnam exported 14,901 tons, black pepper reached 12,547 tons, white pepper reached 1,544 tons. Total export turnover reached 57.6 million USD, black pepper reached 48.9 million USD, white pepper reached 8.7 million USD. Compared to the previous month, the export volume decreased by 25.7%, the turnover decreased by 25.8%. The US is still Vietnam's largest export market with 3,603 tons, but the import volume decreased by 23.6% compared to August. China is the second largest import market with 2,125 tons, down 25.7%. In September, most of the traditional export markets of Vietnam reduced their imports such as Germany, the Netherlands, the UAE, India, Singapore... Major exporters in the month include: Olam Vietnam: 2/ 035 tons, Tran Chau: 1,265 tons, Phuc Sinh: 1,047 tons, Haprosimex JSC: 1,043 tons… From the beginning of the year to the end of September 2022, Vietnam exported 177,221 tons of ...

Source: tieudung