Vietnam: Import price of pepper increased in the US

Published 2022년 10월 13일

Tridge summary

Vietnam's pepper exports have been on a downward trend for three consecutive months, with a total of 174,530 tons exported in the first nine months of 2022, a decrease of 18% in volume but an increase of 7.1% in value compared to the same period in 2021. The export volume decreased in most markets except for the US and Russia. Domestic pepper prices have also seen a significant drop. In the US, pepper imports from Vietnam increased by 45.5% in value over the same period in 2021, accounting for 73% of the total US pepper imports in the first eight months of 2022. China, the world's largest pepper consumer, has seen a decrease in pepper import turnover, with Vietnam becoming its largest supplier in August 2022.

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

Original content

According to statistics from the General Department of Customs, in September 2022, Vietnam's pepper exports decreased for the third consecutive month, reaching 13,860 tons, worth $56.83 million. In the first nine months of 2022, Vietnam's pepper exports reached 174,530 tons, worth USD 770.44 million, down 18% in volume, but up 7.1% in value over the same period in 2021. In September 2022 compared to the same period last year, Vietnam's pepper exports to most of the main markets decreased, except for the US and Russia. The Ministry of Industry and Trade said that on October 8, the price of black pepper in the domestic market decreased from 2,500-3,000 VND/kg (depending on the surveyed area) compared to September 30, to the lowest level of 60,500 VND/kg/kg. kg in Gia Lai province and the highest level of 63,500 VND/kg in Ba Ria-Vung Tau province; other survey areas around 62,000-62,500 VND/kg. The price of white pepper was at 109,000 VND/kg, down 3,000 VND/kg compared to the end of ...

Source: Baochinhphu