News

China continues to be a saving market for Vietnamese pepper exports

Whole Black Peppercorn
China
Vietnam
Published May 24, 2023

Tridge summary

Pepper exports to China in the first four months of 2023 far exceeded that of the whole of last year. In the first 4 months of the year, Vietnam's pepper exports to China increased sharply while other main markets declined. Data from the Vietnam Pepper and Spices Association (VPSA) shows that China has surpassed the US to become the largest pepper export market of Vietnam in the first four months of this year with a volume of 35,914 tons, an increase of more than 15 times (1,430%) over the same period and far exceeding the 20,498 tons that Vietnam exported to this market in the whole of last year.

Original content

Data: VPSA (synthesized by US) In terms of the proportion of China, accounting for 35% of the total export volume of Vietnam's pepper compared to a modest figure of 3% in the 4 months of 2022. April alone. Vietnam's pepper exports to China reached 9,995 tons, down 36.4% compared to the record 15,710 tons in March but increased 48 times (4,682%) compared to April 2022. Data: VPSA (Generalized by the US) After nearly 3 years of shutting down against the COVID-19 epidemic, China has accelerated its import of Vietnamese pepper since the beginning of this year after the country lifted control measures. Strict disease control and reopening of the economy. In addition, the decline in pepper prices during the fourth quarter of last year, which lasted until the beginning of this year, was also one of the factors that pushed the Chinese market to boost buying. Meanwhile, the amount of pepper exported to some other large consuming markets declined sharply in the first 4 months of this year. ...
Source: Vinanet
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