Vietnam's pepper export nears 500 million USD

Published 2024년 6월 10일

Tridge summary

Vietnam has seen a mixed performance in its pepper exports, with a decrease in volume but an increase in value compared to the same period last year. The average export price for both black and white pepper has also increased. The US was the largest importer, followed by Italy, Germany, and Russia, with significant increases in exports to these markets. However, Vietnam's pepper production is estimated to decrease by 10% this year, and the supply from other major producing countries is also expected to decline.

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

Original content

So far this year, Vietnam has shipped abroad 114,424 tonnes of pepper worth 493.1 million USD, down 13.2% in volume but up 20.6% in value over the same period last year. The average export price of black pepper is 4,197 USD per tonne and white pepper, 5,804 USD per tonne, up 754 USD and 849 USD respectively compared to the same period in 2023. The US was the largest importer of the Vietnamese spice in the period with 30,466 tonnes, accounting for 26.6% of the total and up 44.4% year on year. Exports also skyrocketed in some markets such as Italy, Germany, and Russia with rises of 179%, 103.2% and 49.7%, respectively. Vietnam has promoted pepper export to many traditional markets such as the US, India, Germany, the Netherlands, the Republic of Korea, and Egypt. Export to many markets increased sharply in both volume and value. According to the Vietnam Pepper and Spice Association (VPSA), Vietnam's ...

Source: WTOCenter