VIETNAM SPICES MARKET UPDATE 18TH JAN 2021 – WEEK 3

 

 

PEPPER

Market opening this week firmer tone with good demand 
from EU/ASIA especially from China. 
Exporters covering for January shipment when crop coming slowly.

 

Regarding final Vietnam Customs data, pepper exports in 
December 2020 reached 20,742 tons, down 2,188 tons, 
or a decrease of 9.54% over the previous month but increased by 4,079 tons, 
which is 24.48% higher than the same period last year December 2019.

The value of pepper export turnover in December reached 57.40 million USD, 
down 3.09 million USD, or 5.10% lower than the previous month 
but increased by 17.24 million USD, or 42.93% higher than the same period last year.

Cumulative export volume of pepper for the whole year 2020 
reached 285,292 tons, up 1,002 tons, or 0.35% higher than 
the export volume of the whole year in 2019. 
However, the value of export turnover was only 660.57 million USD, 
a decrease of 53.58 million USD or 7.50% decrease compared 
to the export turnover of 2019.

VIETNAM PEPPER EXPORT FROM 2011 TO 2020
DATA			COMPARE WITH PREVIOUS YEAR ( %)
Year	Quantity (metric ton)	Value (usd)	Quantity	Value
2011	123,808	732,212,823	5.90	73.80%
2012	116,800	793,417,493	-5.70	8.40%
2013	132,955	889,775,618	13.80	12.10%
2014	155,125	1,201,308,259	17.00	35.10%
2015	123,619	1,260,815,866	-14.40	5.00%
2016	177,893	1,429,351,271	35.30	13.50%
2017	214,843	1,117,380,584	20.80	-21.80%
2018	232,769	758,878,043	8.30	-32.10%
2019	284,290	714,145,995	22.10	-5.90%
2020	285,292	660,568,955	0.40	-7.50%