Vietnam has held the number 1 position in the world in pepper production and export for more than 20 years, but Vietnamese businesses have lost their position as “export king”.
According to the Vietnam Pepper and Spice Association (VPSA), by the end of February 2024, Vietnam had exported 31,133 tons of pepper of all kinds, bringing in a value of nearly 125 million USD. Compared to the same period last year, export volume decreased by 23.7%, turnover decreased by 2.9%.
The average export price of black pepper reached 3,840 USD/ton, white pepper reached 5,459 USD/ton, up 13.9% and 8.1% respectively over the same period in 2023.
In terms of volume, in the first 2 months of the year, Nedspice Vietnam (Netherlands) was the leading export enterprise, reaching 3,555 tons, an increase of 44% over the same period; followed by Olam Vietnam (India) with 3,229 tons, an increase of 32%.
Vietnamese enterprises in the next 3 positions include: Pearl 2,265 tons, down 33.4%; Phuc Sinh: 1,744 tons, down 31.5% and Lien Thanh: 1,491 tons, up 10.4%.
In 2023, two foreign-invested (FDI) enterprises, Olam Vietnam and Nedspice Vietnam, will also rank first and second in the ranking of enterprises exporting the most pepper, respectively. Vietnamese enterprises ranked in the next two positions include: Tran Chau and Phuc Sinh.
Previously, there was a time when two enterprises, Tran Chau and Phuc Sinh, held the top positions in Vietnam’s pepper exports. Mr. Phan Minh Thong, founder of Phuc Sinh company, is often called the “pepper king” for this reason.
However, if considering the spice industry (pepper, anise, cinnamon, etc.) exported to the European market, Phuc Sinh still holds the No. 1 position with 15% market share by 2023.
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According to Ngoc Anh (Nuoi Lao Dong Newspaper)
