Vietnam: Pepper exports in the first quarter of 2023 increased sharply in volume but turnover decreased

Published 2023년 4월 26일

Tridge summary

In March 2023, Vietnam saw a 27.6% increase in pepper exports volume and a 26.5% increase in value compared to the previous month, but a decrease in price by 0.9%. Compared to March 2022, there was a 50.6% increase in volume but a decrease in turnover and price. In the first quarter, exports reached 76,193 tons with a turnover of 233.45 million USD. The Vietnam Pepper Association reported a decrease in exports to the US, U.A.E, India, Germany, the Netherlands, and the UK, but an increase to Singapore, Turkey, and Egypt. The Ministry of Industry and Trade anticipates more active pepper exports in Q2 2023 due to increased demand from China, Papua New Guinea, and other ASEAN countries, despite quiet import demand from the US and EU markets.

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

Original content

According to statistics of the General Department of Customs, Vietnam's pepper exports in March 2023 reached 35,747 tons, worth 106.47 million USD, the average price reached 2,978 USD/ton, up 27.6% in volume, up 26.5% in turnover but down 0.9% in price compared to February 2023; compared to March 2022, an increase of 50.6% in volume, but a decrease of 4.7% in turnover and a decrease of 36.7% in price. In the first quarter of 2023, Vietnam's pepper exports reached 76,193 tons, with a turnover of 233.45 million USD, the average export price of 3,064 USD/ton, up 41.7% in volume but down 6.9% in terms of quantity. turnover and down 34.3% over the same period in 2022. According to preliminary statistics of the Vietnam Pepper Association (VPA), in March 2023, Vietnam exported 32,912 tons of black pepper and 3,001 tons of white pepper; black pepper export turnover reached 93.6 million USD, white pepper reached 13.6 million USD. The average export price of black pepper reached 3,454 ...

Source: Vinanet