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Pepper exports to the US, EU increased

05/01/2022

Pepper exports in 2021 have a strong shift in markets and types, towards an increase in fastidious markets and processed products.

According to the Import-Export Department (Ministry of Industry and Trade), in 2021, Vietnam's pepper exports are estimated at 261 thousand tons, worth USD 938 million, decreased by 8.5% in volume, but increased by 42% in value compared to the previous year. For the whole year of 2021, the average export price of Vietnam's pepper is estimated at USD 3,593/ton, an increase of 55.2% over the same period in 2020.

In 2021, Vietnam's pepper exports have had a shift in market structure. The proportion of commodity exports to the US, EU, United Arab Emirates (UAE) and Pakistan markets increased, while the proportion of exports to China and ASEAN markets decreased sharply.

In the first 11 months of 2021, Vietnam's pepper exports to many markets increased in both volume and value, including the United States, UAE, Germany, Pakistan, the Netherlands, South Korea, and the UK. In contrast, the amount of pepper exported to India, the Philippines, and Egypt decreased sharply.

In 2021, the structure of export pepper categories had quite a big change. Enterprises reduced the export of raw pepper, instead increased the export of pre-processed or intensively processed varieties.

Specifically, the export of black pepper in the first 11 months of 2021 reached 184,000 tons, worth approximately USD 620 million, decreased by 15.9% in volume, but increased by 31.1% in value over the same period in 2020.

Meanwhile, white pepper exports reached 21.2 thousand tons, worth USD 106.23 million, increased by 2.3% in volume and 58.7% in value over the same period in 2020.

In addition, the pepper industry promotes the export of products to serve the cosmetic industry.

 

Kylie Nguyen

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