Tridge summary
In March 2023, Vietnam achieved a significant record in pepper exports, reaching 35,913 tons with a value of 107.2 million USD, marking a 27.5% increase from the previous month. Black pepper dominated exports, accounting for 93.6 million USD of the total, while white pepper brought in 13.6 million USD. The export price per ton for black and white pepper increased and decreased, respectively. Remarkably, exports to China soared by 85.2% to 15,710 tons, setting a new monthly record. This surge is attributed to China's purchase to make up for lost time due to Covid-19 closures. Despite the increase in exports to China, there was a decrease in exports to the United States, Germany, the Netherlands, the United Kingdom, and India due to economic issues. Other markets like Iran, Türkiye, and Egypt experienced significant growth in pepper imports. Overall, the first quarter of 2023 saw a 40.5% increase in export volume year-over-year, although the export turnover decreased by 7.3% due to the shift in market dynamics and economic challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
According to preliminary statistics of the Vietnam Pepper Association (VPA), in March 2023, Vietnam exported 35,913 tons of pepper of all kinds, including 32,912 tons of black pepper and 3,001 tons of white pepper. Total export turnover reached 107.2 million USD, of which black pepper reached 93.6 million USD, white pepper reached 13.6 million USD. Compared to February 2023, the export volume increased by 27.5%. The average export price of black pepper in March was 3,454 USD/ton, white pepper was 4,841 USD/ton, compared to the previous month, the price of black pepper increased by 5.5%, but the price of white pepper decreased by 15.9%. Notably, pepper exports to China in March reached 15,710 tons, up 85.2% compared to February. This is the highest export volume ever in a month, breaking the export record. The highest of April 2020 was 11,953 tons. March also recorded an increase in exports to traditional markets such as the United States, Germany, the Netherlands, India, Egypt, ...
Source: Haiquanonline
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