According to preliminary statistics of the Vietnam Pepper Association (VPA), in October 2023, Vietnam exported 19,193 tons of pepper of all kinds, with a total export turnover of 72.7 million USD. Compared to September 2023, pepper export volume increased by 15.4%, turnover increased by 17.3%.
The average export price of black pepper in October 2023 reached 3,664 USD/ton, white pepper reached 5,211 USD/ton, down 0.7% for black pepper and up 1.1% for white pepper compared to September/ 2023.
In October 2023, the US market accounted for 26.9% of Vietnamese pepper exports reaching 5,169 tons and increased by 34.5% compared to the previous month. Next, the Chinese market reached 1,738 tons, down 21.9% over the previous month; Indian market reached 1,300 tons, up 31% over the previous month…
By the end of October 2023, Vietnam exported 223,578 tons of pepper of all kinds, of which black pepper reached 200,571 tons and white pepper reached 23,007 tons. Total export turnover reached 750.8 million USD, of which black pepper reached 640.2 million USD, white pepper reached 110.6 million USD.
Compared to the same period last year, pepper exports increased by 14.6%, however export turnover decreased by 11.7%. The average export price of black pepper in the 10 months of 2023 reached 3,553 USD/ton, white pepper reached 5,082 USD/ton. Compared to the same period last year, black pepper export price decreased by 17.6% for black pepper and 15.6% for black pepper. % for white pepper.
In the first 10 months of 2023, China is still Vietnam’s largest pepper export market reaching 57,723 tons, accounting for 25.8% market share and increasing 265.3% over the same period, however, the import volume in recent months China’s prices are on a downward trend after purchasing enough goods from the first 2 quarters of the year.
The United States is Vietnam’s second largest pepper export market with 42,600 tons, accounting for 19.1% of the market share and a decrease of 6.3% over the same period.
The European region accounted for 19% of the export market share and decreased by 4.8% over the same period, of which Germany decreased by 7.4% to 7,754 tons, the Netherlands decreased by 4.7% to 6,582 tons, Russia decreased by 8 .1% reaching 4,662 tons, UK decreased by 8.1% reaching 4,077 tons.
Pepper exports to the Indian market reached 10,538 tons, down 8.5% over the same period; UAE market reached 10,025 tons, down 29.8% over the same period.
Pepper exports to Korea, Japan, and Pakistan also decreased while exports to the Philippines, Thailand, Iran, and Saudi Arabia increased over the same period. The two markets Türkiye and France recorded a sharp increase in exports of 69.7% and 31.1%, reaching 3,900 tons and 3,097 tons, respectively.
Nedspice is the largest pepper export enterprise in 10 months reaching 15,462 tons, an increase of 8.5% over the same period in 2022. Next are some leading export enterprises in the Vietnam Pepper Association including: Olam Vietnam reached 15,326 tons; Pearl reached 14,144 tons; Phuc Sinh reached 12,720 tons and Haprosimex JSC reached 9,015 tons.
Although India is the homeland of pepper, Vietnam is the world’s largest producer and exporter.
The Vietnam Pepper Association said that in the period from May to July, pepper trading in Vietnam is vibrant because the harvest has just ended and the pepper is still new. However, in the third and fourth quarters, customers will look to countries like Brazil and Indonesia to buy because this is the time to harvest pepper in these two countries.
According to the Vietnam Pepper Association, there is currently not much actual pepper inventory left among the public, most of which is only left in agents and some speculators. Meanwhile, some processing enterprises already have enough goods to process at the end of the year so there is no real need to buy at this time.
In the long term, Vietnam’s pepper supply is forecast to be in short supply due to fierce competition from other crops such as durian and passion fruit.
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