Pepper, one of Vietnam’s essential agricultural products, continues to see significant developments in its import and export sector. August 2023 witnessed impressive figures in pepper exports and shifts in import patterns. Let’s delve into the details of these statistics and industry highlights below.
Pepper Export in August 2023: Noteworthy Growth
According to data from the Vietnam Pepper Association (VPA), Vietnam exported a total of 19,617 metric tons of pepper in August 2023, comprising 17,425 metric tons of black pepper and 2,192 metric tons of white pepper. The export turnover reached $73.4 million, with black pepper contributing $62.4 million and white pepper adding $11.0 million. Compared to the previous month, exports surged significantly by 29.5%, and the export turnover increased by 29.3%. However, the average export prices experienced a slight decline, with black pepper averaging at $3,634 per metric ton and white pepper at $5,185 per metric ton.
An important highlight is that the United States remains the largest export market for Vietnam in August, with 4,376 metric tons of pepper, marking a 31.8% increase from July. Other significant markets include India, China, and the UAE.
Pepper Import in August 2023: Changes in Import Patterns
In August 2023, Vietnam imported a total of 1,731 metric tons of pepper, with black pepper accounting for the majority at 1,585 metric tons and white pepper at 146 metric tons. The total import turnover reached $6.6 million. Compared to the previous month, imports decreased by 21.2%. In this context, there have been notable changes in the supply sources, especially a decrease in imports from Brazil, alongside an increase in imports from Indonesia and Cambodia.
Pepper Export and Import for the First 8 Months of 2023
As of the end of August 2023, Vietnam had exported a total of 187,755 metric tons of pepper, including 168,643 metric tons of black pepper and 19,112 metric tons of white pepper. The total export turnover reached $616.1 million. The volume of exports increased by 15.1% compared to the same period last year; however, the export turnover decreased by 15.0%.
In the export sector, businesses within the Vietnam Pepper Association (VPA) are experiencing a decrease in imports, while non-VPA businesses are strengthening their export activities. China remains the largest export market for Vietnam’s pepper in the first 8 months of 2023.
In summary, Vietnam’s pepper import and export sector is undergoing changes. Also, monitoring these figures and trends is crucial for businesses and researchers to gain a comprehensive understanding of this market.
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