Vietnam's pepper exports increased by 10.3% in the first four months of this year

Published 2024년 5월 9일

Tridge summary

In April, Vietnam saw a significant increase in its pepper exports, totaling 26,245 tons valued at US$116.5 million, despite a year-on-year decrease of 19.4% in volume for the first four months. The overall export value, however, grew by 10.3% during this period. Asia remains the largest market for Vietnamese pepper, although exports to the region, particularly China, have declined. Conversely, the United States has become the largest export market, experiencing a notable increase. Vietnam also imports pepper, mainly from Brazil, Cambodia, and Indonesia, to fulfill its processing and re-export needs, with imports rising in the first four months of the year.

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

Original content

According to the Vietnam Pepper and Spice Tree Association, in April, Vietnam exported 26,245 tons of various peppers, including 23,705 tons of black pepper and 2,540 tons of white pepper, with an export value of US$116.5 million. The export volume and export value increased by 2.2% and 5.2% respectively compared with the previous month. The average export price of black pepper was US$4,292 per ton; white pepper was US$6,034 per ton, an increase of 6.5% month-on-month. In the first four months of this year, Vietnam exported 83,067 tons of various peppers, with an export value of US$352 million, a decrease of 19.4% in export volume compared with last year, but an increase of 10.3% in export value. The average export price of black pepper was US$4,065 per ton, and white pepper was US$5,678 per ton. Currently, Asia accounts for 36.2% of Vietnam's total pepper exports. However, in April, Vietnam's pepper exports to Asia fell by 52% year-on-year; exports to the Chinese market fell ...

Source: Foodmate