Pepper exports in January increased sharply over the same period

 

20/02/2024

 According to the Ministry of Industry and Trade, pepper exports in January at the beginning of the year increased sharply in both quantity and value compared to the same period last year.

Vietnam's pepper exports in January 2024 reached 20,000 tons, worth USD 79 million, decreased by 1.4% in volume, but increased by 1.9% in value compared to December 2023.

Compared to January 2023, pepper exports increased by 60.2% in volume and 83.9% in value. Vietnam's average export price of pepper in January 2024 is estimated to reach USD 3,953/ton, an increase of 3.4% compared to December 2023 and an increase of 14.8% compared to January 2023.

In 2023, Vietnam mainly exported black pepper, accounting for 69.51% of the total volume and 70.67% of the country's total pepper export turnover in 2023. Therefore, black pepper export growth has had a positive impact on the entire industry.

According to preliminary statistics from the General Department of Customs, in 2023, black pepper exports reached 184,810 tons, worth USD 643.46 million, an increase of 14.4% in volume and an increase of 1% in value compared to 2022.

In 2023, Vietnam exports black pepper to more than 100 countries and territories around the world. In particular, Vietnam's traditional export markets for black pepper include: China, the US, India, the United Arab Emirates, and the Philippines.

Meanwhile, exports of ground black pepper in 2023 decreased by 17.2% in volume and 19.7% in value compared to 2022, reaching 25,450 tons, worth USD 125.25 million. Our country's traditional export markets for ground black pepper include: US, UK, Netherlands, Japan, and Australia.

According to the Ministry of Industry and Trade, Vietnam is the second largest pepper supplier to China in 2023, with a volume of approximately 3,360 tons, worth USD 13.23 million, an increase of 18% in volume and 1% in value compared to 2022. Vietnam's pepper market share in China's total imports increases from 32.39% in 2022 to 36.57% in 2023.

Kylie Nguyen

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