A world agricultural product is thirsty but Vietnam owns more than 100,000 hectares

Vietnam owns an item that has been exported to 120 countries and territories is pepper. In 2024, this item has earned more than 1.32 billion USD – a record high milestone ever.

According to the Vietnam Pepper Association (VPA), in 2024, the production area was 111,313 ha, down 3.2% compared to 2023, the output reached 170 thousand tons, down 10.5% compared to 2023 Despite reduced, our country still leads the world in this black gold growing production. Vietnam’s “capital” called Dak Nong’s name with nearly 34 thousand hectares, followed by Dak Lak with more than 28 thousand hectares and ranked third is Gia Lai with 18 thousand hectares.

Regarding the export situation, according to VPA, pepper exports in January reached nearly 13 thousand tons with a value of more than 87.5 million USD, down 25.8% in volume but up 25.3% in turnover compared to the month. 1/2024. The average export price reached 6,756 USD/ton, up 68.9% in price.

In terms of market, the US is the most imported market in Vietnam with 2,829 tons, equivalent to nearly 22 million USD, down sharply 41.4% in volume but an increase of 8.5% in turnover compared to the same period of the year. 2024. The average price of 2,829 USD/ton, an increase of 85.3% in price over the same period.

Exporting pepper to the German market ranked second in turnover, reaching 1,326 tons, equivalent to 9.37 million USD, up 37% in volume, up 110.9% in turnover compared to January 2024. The average export price reached 7,065 USD/ton, increasing sharply by 54%.

3rd is the Indian market with 976 tons, equivalent to US $ 6.99 million, priced at 7.158 USD/ton. Compared to January 2024 decreased by 29, 5% in volume but increased by 25% in turnover and increased sharply by 77.3% in price.

In the world, expected to end in 2024 globally will lack up to 64,000 tons of pepper. According to the Vietnam Goods Exchange, the current domestic pepper price has increased by nearly 2 times compared to the beginning of 2024. Humanity due to this year’s supply of pepper becomes scarce.

According to the statistics of the Vietnam Pepper Association, there are about 200 enterprises processing and trading pepper, including 15 leading enterprises, accounting for 70% of the country’s exports. The whole industry has 14 deep processing factories. In particular, there are 5 foreign -invested enterprises, accounting for nearly 30% of export market share.

According to the association’s calculations, the current amount of pepper inventory, while the demand from large markets such as the US, Europe, China is increasing sharply … The price of this item will surely continue. escalate in the near future. It is forecasted that in 2025, the price of pepper may be over 240,000 – 250,000 VND/kg.

Currently, Vietnamese pepper processing technology is not inferior to any opponent in the world. The pepper products of Vietnamese enterprises have access to market standards, including fastidious and specific markets such as EU, UAE … increasing demand, especially in big markets like the US And Europe this year will be a favorable condition for Vietnam’s pepper export.