Vietnam’s pepper export volume reached more than 282,000 tons, nearly 60% of the world. Although this figure decreased slightly by 2% year-on-year due to higher pepper prices, increased freight rates and raw materials were purchased in stock last year.
The Vietnam Pepper Association (VPA) said that according to the International Pepper Organization (IPC), pepper exports worldwide by 2020 would reach more than 459,000 tons, an increase of 2% compared to 2019. In which Vietnam’s pepper export volume reached more than 282,000 tons, equivalent to nearly 60% of the world.
Exports of producing countries (Unit tons). (Source: IPC)
However, Vietnam’s pepper export volume in 2020 will decrease slightly by 2% compared to the previous year. According to the IPC, exports from Vietnam decreased slightly by 4,500 tons. Some of the reasons may be due to increased pepper prices, increased freight rates and raw materials purchased for stockpile last year.
The shipping industry is facing an unpredictable difficulty of serious global jams and delays.
This situation has increased the shortage of ships, forcing shipping lines to skip flights from China at a time when these trips can bring in huge revenue.
The US ports in Los Angeles, Long Beach and Oakland were hit hardest when the United States received unprecedented volume of imports at a time when port truckers and workers were cut because of COVID-19.
More than 1,000 port workers in California tested positive for COVID-19 in early February, up from 694 cases in January. The anchor period at the current LA / LB port is more than 1 week.
Brazil ranked second with quite a distance compared to Vietnam when exports reached 89,756 tons, an increase of 6% compared to 2019.
India is the country with the largest growth in the top 7 largest pepper exporting countries in the world, reaching nearly 16,000 tons, up 38% compared to 2019.
Before the outbreak of the COVID-19 pandemic, the global pepper market must also be re-established, IPC said. Demand is not expected to plummet. On the other hand, a slowdown in supply growth resulted in a nearly 20% increase in prices in the second half of 2020.
“Although industries like tourism, food services and restaurants are slowing down, demand is still good. Demand is not expected to increase and will remain nearly unchanged in 2020, ”said the IPC.
The Import and Export Department (Ministry of Industry and Trade) forecasts that in the coming time, the price of pepper will increase. Vietnam’s inventory volume from the previous crop is not much and pepper output in 2021 is expected to be lower than 2020. In Vietnam, most of the large pepper growing areas have reduced acreage due to low prices.
According to VietnamBiz
