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France increases pepper imports from Vietnam market

25/09/2021

The Import-Export Department (Ministry of Industry and Trade), citing Eurostat statistics,  that France's pepper imports from Vietnam in the first seven months of 2021 reached 2,863 tons, worth EUR 8.18 million (USD 9.6 million), an increase of 28.6% in volume and 44.3% in value compared to the first seven months of 2020.

France is one of the important import markets for global pepper exporters. In addition to domestic consumption, France imports pepper for re-export to European countries.

The Import-Export Department (Ministry of Industry and Trade) quoted statistics from Eurostat as saying that in the first seven months of 2021, the average import price of pepper into France increased from Vietnam and Brazil, but decreased from Germany, Indonesia and the Netherlands.

In the first seven months of 2021, France increased pepper imports from most of the main supply sources, except Brazil. According to Eurostat, France's pepper imports from Vietnam in the first seven months of 2021 reached 2,863 tons, worth EUR 8.18 million (USD 9.6 million), an increase of 28.6 percent in volume and 44.3% in value compared to the first seven months of 2020. Vietnam's pepper market share in total France's imports increased from 30.72% in the first seven months of 2020 to 37.2% in the first seven months of 2021.

In the domestic market, according to the Import-Export Department, in the middle of September 2021, the price of black pepper in the domestic market increased by 2.0 to 2.7% compared to August 30, 2021 to VND 76,000 - 80,000/kg. The price of white pepper was at VND 119,000/kg, an increase of VND 2,000/kg (equivalent to an increase of 1.7%) compared to the end of August 2021 and increased sharply compared to VND 67,000/kg in the same period in 2020. The social distancing order is gradually being eased, businesses increase purchasing to ensure sufficient supply of pepper for export, prices continue to rise to high levels.

Vietnamese exporters of spices and flavorings are increasingly meeting the strict requirements of foreign partners. In order to have a competitive advantage in the world spice and flavoring market, after Vietnam controls the Covid-19 epidemic, localities and businesses need to have a plan to restore production.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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