The UK increased imports of Vietnamese pepper

Published 2020년 10월 26일

Tridge summary

In the first eight months of 2020, the UK saw a 5% increase in pepper imports in volume but a 4.8% decrease in value compared to the same period in 2019, totaling 9.1 thousand tons and $38 million. The average import price dropped by 9.3% to $4,148 per ton, with the most significant decrease seen from the Chinese market. The UK diversified its sources, increasing imports from Vietnam, the Netherlands, and Spain, but decreasing from India and France. Vietnam became the largest supplier, contributing 44.3% of total UK pepper imports, while imports from India decreased by 5.3% in volume and 7.8% in value.

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

Original content

According to statistics from the International Trade Center (ITC), UK pepper imports in the first eight months of 2020 reached 9.1 thousand tons, worth $ 38 million, up 5% in volume, but down 4 , 8% in value over the same period in 2019. In the first 8 months of 2020, the average import price of British pepper reached 4,148 USD / ton, down 9.3% over the same period in 2019. In which, Average UK import prices of pepper decreased in most major sources, but increased sharply from the Chinese market. In the first 8 months of 2020, the UK increased its pepper imports from major markets such as Vietnam, the Netherlands, and Spain, but decreased imports from India and France. Specifically, UK pepper imports from Vietnam in the first 8 months of 2020 reached over 4,000 tons, worth $ 12.3 million, up 15.8% in volume, but down 2.2% in value compared to Vietnam's share of pepper in total UK imports increased from 40.2% in the first 8 months of 2019 to 44.3% in the first 8 months of 2020. In ...

Source: Vietnambiz