Tridge summary
In a recent three-month period, a notable increase in chili exports from a specific country was observed, with 3,141 tonnes of chili being exported, generating US$8.1 million. This marks a 17.6% rise in volume and a 52.8% surge in value compared to the previous year, with the average export price of chili climbing by 28% to US$2,610 per tonne. The majority of these exports were to China and Laos, which together accounted for nearly 96% of the total volume. This growth in export price and volume is largely due to heightened demand in markets such as China and the Republic of Korea. The previous year saw the country earning US$20 million from exporting 10,173 tonnes of chili, indicating a 107% increase from 2022.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
During the three-month period, the country shipped 3,141 tonnes of chili abroad worth US$8.1 million, representing an increase of 17.6% in volume and 52.8% in value against the same period last year. The average export price surged by 28% year on year to US$2,610 per tonne. China and Laos were the two main consumers at 2,753 tonnes and 259 tonnes, respectively, making up nearly 96% of the total export volume. The rise in the export price can largely be attributed to the bustling demand for chili consumption that exists in ...
Source: WTOCenter
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