India as main market for Vietnamese star anise exports

Published 2024년 5월 13일

Tridge summary

Việt Nam, with a significant anise growing area of about 40,000 hectares mainly in Lạng Sơn and Cao Bằng, produced over 16,000 tonnes annually. Last month, India was the largest importer of Vietnamese star anise, purchasing 1,033 tonnes, which was 69.8% of the total exports and a 60% increase from the previous month. The Việt Nam Pepper Association reported that star anise exports reached 1,480 tonnes last month, generating over $7 million, a 48.3% increase from the previous month. In the first four months of the year, Việt Nam exported 3,915 tonnes of star anise worth $20.3 million, a decrease of 21.1% in volume and 34.6% in turnover compared to the previous year. India and the US are the primary markets, accounting for 61.5% and 7.5% of exports, respectively. Việt Nam and China are the only countries capable of producing star anise in large quantities due to favorable conditions, with Việt Nam being a leading global exporter of spices, ranking first in cinnamon and second in star anise exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Việt Nam has an anise growing area of about 40,000 hectares, mainly in Lạng Sơn and Cao Bằng, with an annual output of more than 16,000 tonnes. India was the main market of Vietnamese star anise exports last month. The country imported 1,033 tonnes of Vietnamese star anise last month, accounting for 69.8 per cent of the total exported volume of this goods and increasing by 60 per cent compared to the previous month. Statistics from the Việt Nam Pepper Association (VPA) show that Vietnamese star anise exports reached 1,480 tonnes last month with a turnover of more than US$7 million, a sharp growth of 48.3 per cent compared to the previous month. Accumulated in the first four months of the year, Việt Nam exported 3,915 tonnes of star anise with a total turnover of $20.3 million, down 21.1 per cent in volume and 34.6 per cent in turnover. India and the US are the two main markets of Vietnamese star anise exports, accounting for 61.5 per cent and 7.5 per cent, reaching 2,409 tonnes ...
Source: WTOCenter

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