It is forecasted that the export of Vietnam's pepper and spices will reach 2 billion USD by 2025
Whole Black Peppercorn
Vietnam
Published Apr 25, 2023
Original content
At the seminar "Vietnam's journey to become a sustainable supplier of pepper and spices" organized by the Vietnam Pepper Association and a number of units on April 21, Ms. According to the Vietnam Pepper Association, exports of pepper and spices are forecast to reach US$2 billion by 2025. Analyzing this statement, Ms. Hoang Thi Lien said that pepper and spice exports have now reached US$1.4 billion. With current conditions, the above figure may be a bit ambitious, however, when the market returns to the way it was before the COVID-19 epidemic, the growth rate of this industry is quite good. Pepper used to be exported to reach 1.1 billion USD. When the demand is high and the supply is tight, there will be pressure on the price, the expectation of a figure of 2 billion USD is visible. Besides, the production process of products is getting more and more standard, organic production increases, the price will be better. Mr. Le Viet Anh, Chief of Office, Vietnam Pepper Association, ...
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