Vietnam's pepper exports increased 48% in the first 10 months of 2024

Published 2024년 11월 12일

Tridge summary

Vietnam's pepper exports experienced a 1.9% decline but saw a 48% increase in export value from January to October 2024, according to the Vietnam Pepper and Spice Tree Association. October's exports totaled 18,493 tons, with a value of $120.2 million, mainly to the United States. The average price of black pepper fell to $6,284 per ton, while white pepper price rose to $8,029 per ton. Despite a decrease in imports from Brazil, Indonesia emerged as the largest pepper supplier to Vietnam, with a 257% increase in imports. Additionally, Vietnam's cinnamon exports saw a 6.4% increase, reaching $220.5 million from January to October 2024, with India, the United States, and Bangladesh being the primary markets.

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Original content

According to preliminary statistics from the Vietnam Pepper and Spice Tree Association, Vietnam's pepper exports fell by 1.9% in the first 10 months of 2024, but the export value increased by 48% year-on-year. In October 2024, Vietnam exported 18,493 tons of various peppers, a year-on-year increase of 7.9%. In October, the export value of pepper reached US$120.2 million, of which black pepper exports reached US$99.8 million and white pepper exports reached US$20.4 million. The average export price of black pepper in October was US$6,284 per ton, a decrease of US$28, and the export price of white pepper was US$8,029 per ton, an increase of US$191. 20 In October 24 years ago, Vietnam exported 219,387 tons of various peppers, including 193,892 tons of black pepper and 25,495 tons of white pepper. The total export volume reached more than 1.1 billion US dollars. Among them, black pepper was 88,160 US dollars and white pepper was 162.6 million US dollars, a year-on-year decrease of ...

Source: Foodmate