News

In March 2024, Vietnam's star anise exports hit a record high

Star Anise
Vietnam
Market & Price Trends
Published Apr 16, 2024

Tridge summary

Vietnam's star anise exports have seen a significant downturn in the first quarter of this year, with a 27.7% decrease in volume and a 38.4% fall in value year-on-year, totaling 2,435 tons and 13.3 million US dollars. Despite this, India continues to be the largest importer, albeit with a 39% reduction in volume, and the United States follows with a 16% decline. Notably, March witnessed a surge in exports to India, reaching a record 998 tons worth 5.4 million US dollars, a 178% increase from the previous month. Star anise cultivation is concentrated in Vietnam's Lang Son and Cao Bang provinces, spanning 40,000 hectares and yielding over 16,000 tons annually.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first quarter of this year, Vietnam exported 2,435 tons of star anise, with an export value of 13.3 million US dollars, down 27.7% and 38.4% year-on-year respectively. India is still the largest export market for Vietnamese star anise, with an export volume of 1,376 tons, down 39% year-on-year; followed by the United States, with an export volume of 212 tons, down 16% year-on-year. In March this year, Vietnam's star anise exports hit a record high of 998 tons, up 79%, and an export value of 5.4 million US dollars. Among them, 645 tons were exported to India, up 178% month-on-month, accounting for 65% of Vietnam's total ...
Source: Foodmate
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