Vietnam is the largest supplier and it is difficult to replace a type of nut for the US

Other Sweet Pepper

Vietnam

Market & Price Trends

Published Mar 13, 2024

Tridge summary

Vietnam's pepper exports in February 2024 saw a rise of 3.1% in volume and 5.2% in value from the previous month, totaling 18,000 tons and 73 million USD respectively. Despite a drop in volume, the value of exports in the first two months of 2024 surged by 12.9% compared to the same period in 2023. The average export price also significantly increased. The US continues to be Vietnam's primary pepper export market, with Vietnam accounting for 77.23% of the US's total pepper imports in 2023.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

According to a report from the Import-Export Department (Ministry of Industry and Trade), Vietnam's pepper exports in February 2024 reached 18,000 tons, worth 73 million USD, an increase of 3.1% in volume and an increase of 5.2% in value. Price compared to January 2024. In the first 2 months of 2024, Vietnam's pepper exports reached about 35,000 tons, worth 143 million USD, down 12.3% in volume, but up 12.9% in value compared to the same period in 2023. In February 2024, Vietnam's average export price of pepper is estimated to reach 4,082 USD/ton, an increase of 2.0% compared to January 2024 and a sharp increase of 35.9% compared to February 2023. In the first 2 months of 2024, the average export price of Vietnam's pepper is estimated to reach 4,041 USD/ton, up 28.7% over the same period in 2023. According to statistics from the General Department of Customs, in January 2024 compared to December 2023, Vietnam reduced pepper exports to many traditional markets, such as the US, ...

Source: Danviet