In the first 10 months of 2023, pepper exports earned 750.8 million USD

According to preliminary statistics of the Vietnam Pepper Association, in October 2023, Vietnam exported 19,193 tons of pepper of all kinds, with a total export turnover of 72.7 million USD. Compared to September 2023, pepper export volume increased by 15.4%, turnover increased by 17.3%. The average export price of black pepper in October 2023 reached 3,664 USD/ton, and white pepper reached 5,211 USD/ton, down 0.7% for black pepper and up 1.1% for white pepper compared to September/ 2023.

In October 2023, the US market accounted for 26.9% of Vietnamese pepper exports reaching 5,169 tons and increased by 34.5% compared to the previous month. Next, the Chinese market reached 1,738 tons, down 21.9% over the previous month; the Indian market reached 1,300 tons, up 31% over the previous month…

By the end of October 2023, Vietnam exported 223,578 tons of pepper of all kinds, of which black pepper reached 200,571 tons and white pepper reached 23,007 tons. Total export turnover reached 750.8 million USD, of which black pepper reached 640.2 million USD, and white pepper reached 110.6 million USD.

Compared to the same period last year, pepper exports increased by 14.6%, however, export turnover decreased by 11.7%. The average export price of black pepper in the 10 months of 2023 reached 3,553 USD/ton, white pepper reached 5,082 USD/ton. Compared to last year, black pepper export prices decreased by 17.6% for black pepper and 15.6% for white pepper.

In the first 10 months of 2023, China is still Vietnam's largest pepper export market reaching 57,723 tons, accounting for 25.8% market share and increasing 265.3% over the same period, however, the import volume in recent months of China is on a downward trend after purchasing enough goods from the first 2 quarters of the year.

The United States is Vietnam's second largest pepper export market with 42,600 tons, accounting for 19.1% of the market share and a decrease of 6.3% over the same period.

The European region accounted for 19.0% of the export market share and decreased by 4.8% over the same period, of which Germany decreased by 7.4% to 7,754 tons, the Netherlands decreased by 4.7% to 6,582 tons, and Russia down 8.1% to 4,662 tons, UK down 8.1% to 4,077 tons.

Pepper exports to the Indian market reached 10,538 tons, down 8.5% over the same period; the UAE market reached 10,025 tons, down 29.8% over the same period.

Pepper exports to Korea, Japan, and Pakistan also decreased while exports to the Philippines, Thailand, Iran, and Saudi Arabia increased over the same period.

The two markets Türkiye and France recorded a sharp increase in exports of 69.7% and 31.1%, reaching 3,900 tons and 3,097 tons, respectively.

Pepper exports to the African market increased by 9.9%, of which Egypt increased by 30.1% to 3,687 tons, South Africa increased by 10.5% to 1,957 tons and Senegal increased by 35.6% to 1,863 tons.

According to ttdn.vn