Pepper Market April 23, 2025: China's pepper imports skyrocket

 

Pepper Market April 23, 2025: China's pepper imports skyrocket

Pepper prices today  (April 23) remained stable at around 153,000 - 154,000 VND/kg. According to data from China Customs, pepper imports into the country in the first two months of the year reached 1,230 tons, up 2.3 times over the same period last year.

In the world market

In the world market, pepper prices have not recorded any new fluctuations. The International Pepper Community (IPC) is listing the highest price of Malaysian ASTA black pepper at 9,600 USD/ton; followed by Indonesian black pepper at 7,056 USD/ton; and Brazilian ASTA black pepper at 6,900 USD/ton.

 Vietnam's black pepper  export  price is around 6,800 - 6,900 USD/ton for 500 g/l and 550 g/l.

Type name	World black pepper price list
	April 23 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,056	–
Brazilian Black Pepper ASTA 570	6,900	–
Kuching Black Pepper (Malaysia) ASTA	9,600	–
Vietnamese black pepper (500 g/l)	6,800	–
Vietnamese black pepper (500 g/l)	6,900	–

At the same time of survey, Malaysian ASTA white pepper stood at 12,100 USD/ton; Vietnamese white pepper reached 9,800 USD/ton; and Indonesian Muntok white pepper was 9,641 USD/ton.

Type name	World white pepper price list
	April 23 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	9,641	–
ASTA Malaysian White Pepper	12,100	–
Vietnam white pepper	9,800	–

Update pepper information

According to Chinese Customs data, in the first two months of the year, China  imported   a total of 1,230 tons of pepper, equivalent to a value of 8.6 million USD, an increase of 2.3 times in volume and 3.3 times in value compared to the same period last year.

The two largest suppliers to the Chinese market continued to be Indonesia and Vietnam, with import volumes reaching 581 tons and 416 tons, respectively. Compared to the same period, pepper volume from Indonesia increased sharply by 227%, while that from Vietnam increased by 58.8%. In terms of market share, Indonesia accounted for 47.2% of China's total pepper imports, while Vietnam accounted for 33.9%.

Notably, the amount of pepper imported from Brazil - the next largest market - increased more than 10 times over the same period, reaching 162 tons, accounting for 13.2% of the market share.

The average price of pepper exported from Vietnam to China in the first two months of the year reached 7,123 USD/ton, up 76.5% over the same period last year. Meanwhile, the price of pepper from Indonesia also increased by 38.5%, reaching 7,178 USD/ton.

According to the Vietnam Pepper and Spice Association (VPSA), Vietnam's pepper exports to the Chinese market in the first quarter increased by 87.8% over the same period last year, reaching 2,034 tons. However, compared to the same period in 2023, the import volume was still 92.2% lower.

China has risen to the fourth position as Vietnam's largest pepper export market with its market share increasing to 4.3% from 1.9% in the same period.

VPSA said that Vietnam's pepper exports to China in the first quarter of this year increased sharply compared to the same period in 2024. This shows that pepper reserves in China have dropped to a low level.

However, pepper exports to China are currently limited due to the Chinese Customs' policy of tightening border trade exports. Meanwhile, if pepper is exported by sea, the cost will increase, so Chinese importers are not ready yet.

According to VietnamBiz.vn