Vietnam is China’s second largest pepper supplier

Published 2024년 2월 26일

Tridge summary

Vietnam's pepper exports have seen a significant increase in January 2024, with a volume of 20,000 tons, marking a 60.2% year-on-year increase, and an export value of 79 million US dollars, an 83.9% year-on-year increase. The country primarily exports black pepper, which made up over 70% of total pepper exports in 2023. Vietnam exports to over 100 countries, including China, the US, India, the UAE, and the Philippines, with China being the second largest recipient of Vietnamese pepper. The Import and Export Bureau of Vietnam's Ministry of Industry and Trade predicts a rise in China's pepper import demand in 2024.

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

Original content

According to report data from the Import and Export Bureau of the Ministry of Industry and Trade of Vietnam, Vietnam's pepper export volume reached 20,000 tons in January 2024, a month-on-month decrease of 1.4% and a year-on-year increase of 60.2%; the export value reached 79 million US dollars, a month-on-month increase of 1.9% and a year-on-year increase of 83.9%. %. In January 2024, the average export price of Vietnamese pepper reached US$3,953/ton, a month-on-month increase of 3.4% and a year-on-year increase of 14.8%. From the perspective of export commodity structure, Vietnam will mainly export black pepper in 2023, accounting for 69.51% of the country’s total pepper exports in 2023 and 70.67% of the country’s total pepper exports. Therefore, the growth of black pepper exports will have a positive impact on the growth of Vietnam’s entire pepper export industry. had a positive impact. In 2023, Vietnam will export black pepper to more than 100 countries and regions ...

Source: Foodmate