Market share of Vietnamese peppercorn in Japan increased sharply

Published Apr 16, 2021

Tridge summary

In the first two months of 2021, Japan's pepper imports saw a slight decrease in volume and value compared to the previous year, totaling 1.5 thousand tons and over 7 million USD. Despite the slight decrease, the import value increased by 6.6% compared to the same period in 2020. The average import price per ton of Japanese pepper also rose by 7.7% to $4,754. Japan's pepper imports from Malaysia and Indonesia fell, while there was a strong increase in imports from Vietnam, India, and Sri Lanka. Vietnam's share of the Japanese pepper market significantly increased to 28.12% in the first two months of 2021, up from 19.3% in the same period of the previous year.

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

Original content

According to the statistics from the International Trade Center, the import of Japanese pepper in the first 2 months of 2021 reached 1.5 thousand tons, valued at over 7 million USD, down 1% in terms of volume and value, according to the statistics from the International Trade Center. volume, but increasing 6.6% in value over the same period in 2020. The average import price of Japanese pepper in the first 2 months of 2021 reached US $ 4,754 / ton, up 7.7% over the same period in 2020. In which, the average import price of Japanese pepper increased from almost major supply markets, but plummeted from India. In the first 2 months of 2021, Japan reduced the import of pepper from Malaysia and Indonesia, but increased strongly imports from Vietnam, India, and Sri Lanka. This is considered a good signal for Vietnam's pepper exports in the context that exports to European and US markets are facing difficulties when the epidemic is still complicated. Statistics show that, Japanese pepper ...

Source: Vietnambiz