Pepper exports decrease in volume, increase in value
Vietnam exported 83,067 tonnes of pepper worth 352 million USD in the first four months of this year, down 19.4% in volume but up 10.3% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.
Pepper exports decrease in volume, increase in value (Photo: VNA)
HCM City (VNA) – Vietnam exported 83,067 tonnes of pepper wܫorth 352 million USD in the first four months of this year, down 19.4% in volume but up 1🐲0.3% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.
The average export price of black pepper was 4,065 USD per tonne and white pepper 5,678 USD per tonne, up 19.4% and 14.5%, respectively, compared to the same period in 2023.
Asia currently accounts for 36.2% of Vietnam's total pepper exports, but in the reviewed period, export volume to the regional market decreased by 52% from the same period in 2023, with the biggest decrease from the China, down 95.2%, followed by UAE with 23%.
India is currently the largest importer of Vietnamese pepper in Asia in the period with 5,552 tonnes, accounting for 6.7% and up 23.9% over the same period. Exports also skyrocketed in some markets such as the Republic of Korea, Pakistan, and the Philippines with 157.4%, 59.7% and 18.5%, respectively.
The American market recorded a hike of 40.6% in the reviewed period, accounting for 30.2% of the market share, of which the US was Vietnam’s biggest pepper importer with 22,774 tonnes, a sharp rise of 45.2% year on year.
The European region accounted for 26.8% of Vietnam's pepper export market share, up 33.6% over the same period last year; in which German market grew at 104.7%, the Netherlands 52.8%, and Russia 68.7%.
Meanwhile, in the African region, exports decreased by 4.7%. However, the traditional market of Egypt is showing positive signs as exports increased by 10.7% to 1,977 tonnes after the government provided foreign currency support to pay for imports./.
Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA).
Vietnam exported over 41,000 tonnes of pepper worth 129 million USD in the first two months of this year, up 35% in volume, but down 7.4% in value over the same period from 2022, according to the Import-Export Department under the Ministry of Industry and Trade.
Vietnam exported over 41,000 tonnes of pepper worth 129 million USD in the first two months of this year, up 35% in volume, but down 7.4% in value over the same period from 2022, according to the Import-Export Department under the Ministry of Industry and Trade.
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