The US is the largest pepper export market of Vietnam

Published 2024년 12월 10일

Tridge summary

In November, Vietnam exported 15,948 tons of pepper, earning 106.5 million USD, despite a slight decrease in export volume, the turnover saw a sharp increase of 46.9% compared to the same period in 2023. The average price per ton for black and white pepper also surged by 47.3% and 36.7% respectively. The UAE, Germany, the Netherlands, South Korea, Pakistan, and Canada were the fastest-growing markets for Vietnamese pepper. Meanwhile, imports of pepper into Vietnam rose by 34.7% in volume and 92.6% in value, with Indonesia being the largest supplier. Olam Vietnam continued to dominate both the export and import markets.

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

Original content

In November, Vietnam exported 15,948 tons of pepper of all kinds, with a turnover of 106.5 million USD. In the first 11 months of the year, the total pepper export volume reached 235,335 tons with a turnover of 1.22 billion USD. Although the export volume decreased by 3.5% compared to 2023, the turnover increased sharply by 46.9%. Pepper export prices also recorded a significant increase. Black pepper reached an average of 5,073 USD/ton, up 47.3%, while white pepper reached 6,772 USD/ton, up 36.7%. After the US, other major markets also had strong growth such as the UAE increased by 42.7%, accounting for 6.6%; Germany increased by 67.7%, accounting for 6.0%; the Netherlands increased by 41.8%; South Korea increased by 34.8%; Pakistan increased by 34.5% and Canada increased by 19.7%. However, pepper exports to China decreased sharply by 83.6% compared to the same period. Regarding exporting enterprises, Olam Vietnam led with an increase of 44.9%, followed by Phuc Sinh with an ...

Source: Voh