Vietnam Pepper market Monthly Report March 2023

APRIL 17 2023

MARCH 2023 PEPPER EXPORTS

According to preliminary statistics of VPA, in March 2023, Vietnam exported 35,913 tons of pepper, 32,912 tons of black pepper, 3,001 tons of white pepper. Total export turnover reached 107.2 million USD, black pepper reached 93.6 million USD, white pepper reached 13.6 million USD, compared to the previous month, the export volume increased by 27.5%. The average export price of black pepper in March was U$ 3,454;Ton white pepper was U$ 4,841/ton, compared to previous month the price of black pepper increasedby 5,5% and the white pepper decrease by 15,9&

Exports to China in March reached 15,710 tons, this is the highest export volume ever in a month, breaking the highest export record of April 2020 at 11,953 tons, compared to February export volume to China increased by 85.2%. March also recorded an increase in exports to traditional markets such as the United States, Germany, the Netherlands, India, Egypt, France, Russia, Canada, and Spain,  Saudi Arabia and Turkey increased. The United Kingdom decreased compared to February 2023.

EXPORTING PEPPER FROM JAN TO MAR 2023

Progressively from January 1 to the end of March 2023, Vietnam exported 76,727 tons, of which black pepper reached 70,222 tons, white pepper reached 6,505 tons. 

Total export turnover reached 235.9 million USO, black pepper reached 205.4 million USO, white pepper reached 30.5 million USO. 

Compared to the same period last year, the export volume increased by 40.5% or 22,112 tons, however, the export turnover decreased by 7.3% or 18.5 million USO.

Exports in the first 3 months to China reached 25,919 tons compared to 2,138 tons in the same period, a sudden increase in exports can be understood as China buying to make up for the shortage of goods after 3 years of closure because of Covid-19. In contrast to the Chinese market, exports to the United States, Germany, the Netherlands, the United Kingdom, and India decreased. 

The reason may be due to the economic crisis, so the markets limit purchases. Some other markets recorded an increase in exports such as Iran up 461%; Turkey increased by 331.3%; Egypt by 218.4%; Senegal increased by 148.8%... 

The leading import markets of white pepper: Germany, the United States, China, the Netherlands

===============================

#2023 pepper crop,#black pepper #pepper price,#April pepper price,#vietnam pepper price

=========================

JUST A REMINDER
PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !