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China continues to be the main export market of Vietnam's pepper

In the first 18 days of June 2023, Vietnam exported 11,305 tons of pepper, worth $41.1 million, of which, China continued to be Vietnam's main market.



Preliminary statistics of the Vietnam Pepper Association, in the first 18 days of June 2023, Vietnam exported 11,305 tons of pepper, of which, black pepper reached 9,778 tons, and white pepper reached 1,527 tons. The total export turnover of pepper in the first 18 days of June reached 41.1 million USD. Nedspice, Olam, and Pearl are the main exporters, export volume reached: 1,045 tons, 738 tons, and 675 tons, respectively. China continues to be the main export market of Vietnamese pepper, reaching 2,657 tons in the first 18 days of June.


Also according to the statistics of the Vietnam Pepper Association, pepper exports in the first 5 months of 2023 reached 131,777 tons, reaching 408.9 million USD, up 30% in volume but down 12.7% in value due to export prices. reduce. Accordingly, the average export price of black pepper reached US$3,443/ton, and white pepper reached US$4,955/ton, down 21.7% and 18.4% respectively over the same period in 2022.


Regarding the market, pepper exports to Asia continued to be a bright spot in the first 5 months of 2023, reaching 78,907 tons, up 77.2% and accounting for 59.9% of the total export turnover of Vietnam's pepper; in which China is the main export market with 46,169 tons, accounting for 35% and increasing by 1,668.9% over the same period in 2022; exports to the Philippines reached 3,305 tons, up 26.1%.


Exports to Africa increased by 38.9%, of which Egypt reached 2,179 tons, up 140%; Senegal reached 1,523 tons, up 104.4% over the same period last year.


In the Americas, Vietnam's pepper exports in the first five months of 2023 decreased by 13.1%, accounting for 18% of the market share; in which exports to the US decreased by 15.5% to 21,093 tons.


The EU region currently accounts for 16.8% of Vietnam's total pepper export turnover, but export turnover in the first 5 months of 2023 decreased by 9.4% over the same period.


Regarding the reason for the decline in pepper exports to the US and EU markets, Ms. Hoang Thi Lien - Chairwoman of the Vietnam Pepper Association said that buyers in this area have a mentality of waiting for new crops from the US. Indonesia (July-August) and Brazil in the hope of lower purchase prices. In addition, the amount of inventory from previous years is causing buyers from the EU and the US to not rush to join the market in the past 5 months.


According to Ms. Hoang Thi Lien, Brazilian pepper has always been more competitive in price than Vietnamese pepper, but is under control over the problem of Salmonella infection in the EU market, so Vietnamese products still have an advantage in this market.


Recently, to diversify markets, Brazilian pepper has also gradually appeared in the Middle East and Africa with lower asking prices than Vietnam thanks to advantages in transportation costs and geographical location.


With the current mentality of waiting for orders from the market, the Vietnam Pepper Association recommends that businesses should consider and be alert, and carefully assess their financial ability when signing large-volume, long-term contracts with customers. low price.


In addition, businesses need to be proactive in finding new markets, and actively participating in international fairs and exhibitions to connect with customers before the competition from other producing countries such as Brazil, Indonesia, and Sri Lanka. Lanka...


(Bao Cong Thuong)



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