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Market share of Vietnamese pepper in total imports of Japan increased sharply

13/04/2021

Market share of Vietnamese pepper in total imports of Japan increased sharply from 19.3% in the first two months of 2020, to 28.12% in the first two months of 2021.

According to the statistics from the International Trade Center, the import of Japan's pepper imports in the first two months of 2021 reached 1.5 thousand tons, worth over USD 7 million, decreased by 1% in volume, but increased by 6.6% in value over the same period in 2020.

Japan's average pepper import price in the first two months of 2021 reached USD 4,754/ton, increased by 7.7% over the same period in 2020. In which, Japan's average import prices increased from most major supply markets, but fell sharply from India.

In the first two months of 2021, Japan reduced the import of pepper from Malaysia and Indonesia, but increased strongly imports from Vietnam, India, and Sri Lanka.

This is considered a good signal for Vietnam's pepper exports in the context that exports to European and US markets are facing difficulties when the pandemic is still with complicated developments.

Statistics show that Japan's pepper imports from Vietnam in the first two months of 2021 reached 414 tons, worth approximately USD 2 million, an increase of 44.3% in volume and 51.2% in value over the same period in 2020.

Market share of Vietnamese pepper in total imports of Japan increased sharply from 19.3% in the first two months of 2020, to 28.12% in the first two months of 2021.

The Import and Export Department forecasts that in the upcoming period, pepper prices are likely to decrease due to concerns about the COVID-19 pandemic, many countries implementing tightened social distancing measures with consumption demand decreased.

 

Kylie Nguyen

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