VIETNAM PEPPER EXPORTS FROM JANUARY TO OCTOBER 2021
According to the General Department of Vietnam Customs, in October 2021, Vietnam exported 16,759 tons, with a turnover of 72.6 million USD.
Compared to September, export volume increased by 9.3%, turnover increased by 17.3%
Country Quantity (MT) Value (USD)
America 3,943 $ 17,979,981
Germany 1,080 $ 5,324,664
U.A.E. 1,031 $ 4,116,715
Netherlands 980 $ 4,451,531
Philippine 662 $ 2,395,217
Korea 613 $ 2,754,986
China 546 $ 1,906,815
Egypt 532 $ 2,319,704
England 498 $ 2,086,002
France 479 $ 2,139,403
Others 6,393 $ 27,090,446
TOTAL 16,757 $ 72,565,460
COMPARATIVE EXPORTS IN TON OF THE FIRST 10 MONTHS OF THE YEAR
Continent JAN-OCT 2019 JAN-OCT 2020 JAN-OCT 2021
AFRICA 8,884 9,189 6,290
AMERICA 46,026 50,284 54,967
ASIA 144,299 126,376 115,757
OCEANIA 3,141 3,683 4,440
EUROPE 44,997 45,990 48,135
TOTAL 247,347 235,522 229,580
EUROPE
In the European region, imports increased by 3.9%, lead by the German market: 10,310 tons, up 9%; Netherlands 8,164 tons, up 27.8%; UK: 5,043 tons, up 8.8%, France: 4,756 tons, up 27.9%...
Imports decreased in Russia, Poland, Ukraine, Israel..
COMPARATIVE EXPORTS IN TON OF THE FIRST 10 MONTHS OF THE YEAR
Country JAN-OCT 2019 JAN-OCT 2020 JAN-OCT 2021
Germany 9,605 9,463 10,310
Netherlands 6,932 6,390 8,164
England 3,982 4,636 5,043
France 2,668 3,718 4,756
Russia 4,936 5,062 4,727
Ireland 6,043 4,519 4,132
Spain 2,174 2,354 2,503
Poland 2,403 2,871 2,104
Ukraina 1,686 1,592 1,366
Italy 823 755 876
Others 3,572 4,144 3,979
TOTAL 44,824 45,504 47,960
AMERICAS
Imports of the Americas increased by 8.9%, of which the US was the largest importer of Vietnam's pepper with 50,939 tons, up 8.9% over the same period.
Exports increased sharply in the markets of Canada, El Salvador, Dominica, Venezuela…and decreased in Mexico
COMPARATIVE EXPORTS IN TON OF THE FIRST 10 MONTHS OF THE YEAR
Country JAN-OCT 2019 JAN-OCT 2020 JAN-OCT 2021
USA 43,102 46,765 50,939
Canada 2,248 2,303 2,837
Mexico 447 866 638
El Salvador 121 134 298
Guatemala 108 216 255
Jamaica 173 486 175
TOTAL 46,199 50,770 55,142
ASIA
In Asia, imports decreased by 9.7%, of which China's imports decreased by 16.5% to 37,283 tons.
Imports of Saudi Arabia increased sharply by 35% to 14,610 tons and continued to be Vietnam's second largest pepper import market in Asia. India's imports 11,382 tons, up 1.2%; Pakistan: 9,877 tons, up 8.5%; Korea: 5,417 tons, up 7.7%, ...
Import markets decreased: Thailand, Japan, Myanmar, ..
COMPARATIVE EXPORTS IN TON OF THE FIRST 10 MONTHS OF THE YEAR
Country JAN-OCT 2019 JAN-OCT 2020 JAN-OCT 2021
China 54,649 44,674 37,283
U.A.E 9,478 10,825 14,610
India 17,785 11,251 11,382
Pakistan 9,389 9,100 9,877
Korea 4,093 5,028 5,417
Philippine 4,947 5,598 5,371
Thailand 6,161 4,600 3,890
Iran 5,187 3,320 3,759
Turkey 4,801 3,073 3,648
Japan 2,616 3,055 2,872
Others 18,734 18,076 12,411
TOTAL 137,840 118,600 110,520
AFRICA
The African region's imports decreased by 31%, of which Egypt decreased by 32.7% to 5,237 tons. Imports also decreased in South Africa, Senegal, Gambia, Tunisia, Sudan, etc.
COMPARATIVE EXPORTS IN TON OF THE FIRST 10 MONTHS OF THE YEAR
Country JAN-OCT 2019 JAN-OCT 2020 JAN-OCT 2021
Egypt 6,459 7,776 5,237
South Africa 2,702 2,630 2,410
Senegal 2,901 2,279 1,261
Gambia 807 1,103 896
Tunisia 435 491 364
Others 2,039 2,686 1,359
TOTAL 15,343 16,965 11,527
MARKET & PRICE TRENDS
Price continued to have downward corrections during this week with a corresponding decrease of nearly 2%. Here the reasons why:
1- There is a large domestic company that is trying to drive the market by selling lower prices on the market but immediately buying in larger quantities in the past week for November and December shipment through different dealers/ traders. (sell cheaper prices for small quantities but buy bigger quantities at market price). This has also caused a bearish correction
2- Financial being tight and cash flow when coffee crop is in main season. Dealers' priority is to do the coffee business when the current market is very attractive. Exporting manufacturers also sell inventory to increase the temporary budget when export cash flow is very slow due to congestion and shipping cargo longer than usual
3- In addition, Domestic speculation has taken profits during the past time. This also causes the carry over 2021 to become less, while the export volume in November & December is expected to be around 25 - 30,000 tons
4- The Vietnamese dong is still trending and the appreciation against the USD also makes the converted pepper price more expensive.
SUMMARIZING
Demand for pepper continues to be active in the US and EU markets both prompt and further shipment in Q1 & Q2/2022.
China continues to cover very slowly and it is possible that the import volume of pepper from China will be the lowest in the past 3 years, although the information we have received, the stock in China decreased rapidly in recent times.
End of December some small quantities will be available on the market. However, it will be very limited in December & January 2022. The pepper crop in 2022 continues to be delayed compared to previous years and it is forecasted that the main harvest will only be in March & April 2022
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