Pepper exports soar both in volume and value in January

19/02/2024 01:03 - 33 Views

Last year saw the country ship 265,897 tonnes of pepper abroad worth nearly US$910.5 million, representing a rise of 16.3% in volume but a decrease of 6.2% in value from the previous year.

Notably, it earned US$643.5 million from exporting 184,800 tonnes of black pepper, up 14.4% in volume and 1% in value compared to 2022.

Vietnamese black pepper is now available in more than 100 countries and territories around the world, including major traditional export markets such as China, the United States, India, the United Arab Emirates, and the Philippines.

China was the second largest consumer of Vietnamese pepper, with 3,359 tonnes worth US$13.2 million, up 18% in volume and 1% in value compared to 2022.

Statistics show the market share of Vietnamese pepper in China increased sharply from 32.39% in 2022 to 36.57% last year, marking the largest increase witnessed among major pepper suppliers to China.

Industry insiders say Chinese pepper import demand is forecast to rise this year compared to 2023, a factor which will offer a wealth of opportunities for pepper exporters around the world, including Vietnam.

Source:VOV