Vietnamese pepper imported into the UK: Highest quantity, lowest price

Published 2020년 11월 4일

Tridge summary

The UK's pepper imports in the first eight months of 2020 reached 9.1 thousand tons, valued at $37.88 million, marking a 5% increase in volume but a 4.8% decrease in value compared to the same period in 2019, according to the International Trade Center. Vietnamese pepper made up nearly half of these imports, despite being sold at the lowest price among the top 10 sources. The average price of Vietnamese pepper was $3,049 per ton, significantly lower than that of India, Indonesia, and China. Vietnam's market share of the UK's pepper imports increased to 44.3% in the first eight months of 2020, up from 40.2% in the same period of the previous year.

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

Original content

According to the International Trade Center (ITC), UK pepper imports in the first 8 months of 2020 reached 9.1 thousand tons, worth $ 37.88 million; up 5% in volume, but down 4.8% in value over the same period in 2019. Of the 9.1 thousand tons mentioned above, nearly half is Vietnamese pepper (more than 4 thousand tons). The amount of Vietnamese pepper imported to the UK is much larger than the following sources such as the Netherlands (more than 1.8 thousand tons), India (885 tons) ... However, the price of Vietnamese pepper imported into the UK is at the lowest level of the 10 main sources. Specifically, in the first 8 months of 2020, the average import price of pepper from the UK reached $ 4,148 / ton, down 9.3% over the same period in 2019. In which, the average price of Vietnamese pepper was 3,049. USD / ton, lower than the average import price of British pepper to more than 1,000 USD / ton. The price of Vietnamese pepper imported to the UK is also much lower than that of ...

Source: Agriculture