Pepper market on October 30: UAE has become Vietnam's second-largest pepper export market

Published Oct 30, 2024

Tridge summary

The article highlights the substantial increase in Vietnam's pepper exports, especially to the UAE, which has become the second largest market after the US. In the first nine months of 2024, Vietnam exported 12,944 tons of pepper to the UAE, valued at 68.5 million USD, reflecting a 39.3% rise in volume and more than doubling in value from the previous year. This surge is largely due to the Vietnam-UAE Comprehensive Economic Partnership Agreement (CEPA) signed on October 28, which removes tariffs on most exports between the two nations. This agreement offers a significant opportunity for Vietnam's pepper industry to enhance its market presence in the UAE and other Arab countries. Vietnam also continues to export pepper to other markets, including those in the CPTPP bloc like Australia, Japan, and New Zealand, where consumer demand remains high.

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Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice. Highlights: - According to data from the General Department of Customs, in the first 9 months of 2024, the UAE has become the second largest pepper export market of Vietnam after the US market, with a volume of 12,944 tons, worth 68.5 million USD, up 39.3% in volume and 2.1 times in value compared to the same period last year. - The Vietnam - UAE Comprehensive Economic Partnership Agreement (CEPA Agreement) signed on October 28 has put the Vietnamese pepper industry in front of a great opportunity to increase export turnover to this market. CEPA is the first free trade agreement that Vietnam has signed with an Arab country, opening a new era in the upgraded and increasingly substantive ...

Source: Vinanet