Vietnam is the third largest supplier of pepper to Japan in the first eight months of 2020, with an import volume of 1.7 thousand tons, worth $ 7.34 million, up 12.6% in volume and 10.1% in volume. % in value over the same period in 2019.
According to statistics from the International Trade Center (ITC), Japan’s pepper imports in the first eight months of 2020 reached 6.3 thousand tons, worth $ 26.9 million, up 1.4% in terms of volume. volume, but decreased 9.9% in value over the same period in 2019. The average import price of Japanese pepper in the first 8 months of 2020 reached 4,264 USD / ton, down 11.1% over the same period. in 2019. In which, the average import price of Japanese pepper decreased in most major sources, but increased from the Indian market with an increase of 16.4% to 8,004 USD / ton.
Japan increased the import of pepper from Vietnam
In the first 8 months of 2020, Japan increased its pepper imports from major markets such as Malaysia, Indonesia, and Vietnam. Malaysia is the largest supplier of pepper to Japan in the first eight months of 2020, with an import volume of 2.4 thousand tons, worth over US $ 9 million, up 5.2% in volume, but a decrease of 5.7% in volume. value compared to the same period in 2019. Malaysia’s share of pepper in total Japanese imports accounted for 38.4% in the first 8 months of 2020, higher than 37.1% in the first 8 months of 2019.
Vietnam is the third largest supplier of pepper to Japan in the first eight months of 2020, with an import volume of 1.7 thousand tons, worth $ 7.34 million, up 12.6% in volume and 10.1% in volume. % in value over the same period in 2019. Vietnam’s market share of pepper in total Japanese imports accounted for 27.4% in the first 8 months of 2020, up 24.6% over the same period in 2019.
Regarding pepper export turnover in October 2020, the Import-Export Department (Ministry of Industry and Trade) was estimated at 19 thousand tons, worth $ 48 million, up 4% in volume and 4.9% in value compared to in September 2020, compared with October 2019, it increased by 11.9% in volume and 17.1% in value. Average pepper export price in October 2020 was estimated at 2,526 USD / ton, up 0.9% over September 2020 and 4.6% compared to October 2019.
Generally, in the first 10 months of 2020, pepper exports decreased by 4.6% in volume and 15.2% in value over the same period in 2019, reaching 239 thousand tons, worth $ 537 million. The average export price of pepper was estimated at 2,247 USD / ton, down 11.2% over the same period in 2019.
It is forecasted that Vietnam’s pepper export prices will increase in the coming time because China increases the amount purchased after months of low volume imports.
According to congthuong.vn
