Source: ttdn.vn
 |
|
The United States continues to be Vietnam’s largest pepper import market. |
According to statistics from the Vietnam Pepper and Spice Association (VPSA), by the end of June 2024, Vietnam had exported 142,586 tons of pepper of all kinds, down 6.8% in volume but up 30.5% in value.
Of which, the export volume of black pepper reached 125,959 tons, white pepper reached 16,627 tons. The total export turnover reached 634.2 million USD, black pepper reached 539.9 million USD, white pepper reached 94.3 million USD.
In the first 6 months of 2024, the United States was Vietnam’s largest pepper export market with a volume of 37,435 tons, up 44.6% over the same period last year, accounting for 26.3% of the market share.
Next are markets such as Germany with 9,526 tons, up 106.7%; UAE reached 8,388 tons, up 15.2%; India reached 8,173 tons, up 45.7%, China reached 7,453 tons, down 85.2% and the Netherlands reached 6,019 tons, up 52.1%.
Leading white pepper export markets: Germany reached 2,454 tons, the US reached 2,044 tons, the Netherlands reached 1,779 tons, Thailand reached 1,732 tons and China reached 1,567 tons…
Along with that, Vietnam imported 18,002 tons of pepper of all kinds, of which black pepper reached 16,357 tons, white pepper reached 1,645 tons, total import turnover reached 69.6 million USD, up 18.9% over the same period last year. The three main pepper supplying countries for Vietnam include: Brazil reached 7,241 tons, down 22.3%; Cambodia reached 6,212 tons, up 34.5%; Indonesia reached 2,991 tons, up 67.3%.
The continuous increase in pepper prices is the reason why, although the export value has increased, the volume has decreased. Currently, the average export price of Vietnamese pepper has increased by 1,000 USD/ton compared to the same period in 2023. Specifically, the price of black pepper reached more than 4,300 USD/ton, white pepper reached nearly 6,000 USD/ton.
The main reason for the sharp increase in pepper prices is that global pepper output has decreased significantly due to the El Nino phenomenon and the decline in planting area. The inventory from last year carried over to this year in Vietnam (the world’s largest pepper exporter today) is almost insignificant while demand in major markets such as Europe, the United States and China has increased sharply.
According to VPSA’s assessment, Vietnam’s pepper output in 2024 is estimated to decrease by 10% compared to 2023, to only about 170,000 tons. This is the lowest level in the past 5 years. Regarding domestic enterprises, VPSA recommends that export enterprises be cautious in purchasing and exporting activities to avoid risks similar to the recent coffee or rice prices.
