Total pepper export turnover in the first 10 months of 2024 reached 1.1 billion USD, of which black pepper reached 881.6 million USD and white pepper reached 162.6 million USD.
According to preliminary statistics from the Vietnam Pepper and Spices Association (VPSA), in October 2024, Vietnam exported 18,493 tons of pepper of all kinds with a total turnover of 120.2 million USD. The export volume increased by 7.9% compared to the previous month, but decreased by 3.6% compared to the same period last year.
The average export price of black pepper in the month reached 6,284 USD/ton, down 28 USD compared to the previous month, while the price of white pepper reached 8,029 USD/ton, up 191 USD.
America was still the largest export market in October, accounting for 27.7%, reaching 5,128 tons, down 8.5% compared to September. Followed by the markets: Hong Kong: 1,784 tons, UAE: 1,382 tons, Netherlands: 1,000 tons and Germany: 960 tons.
Meanwhile, Olam was still the largest exporter last month, reaching 2,595 tons, accounting for 14.0%, followed by the following enterprises: Nedspice Vietnam: 1,878 tons, Phuc Sinh: 1,605 tons, Tran Chau: 1,397 tons and Lien Thanh: 1,202 tons.
By the end of October 2024, Vietnam had exported 219,387 tons of pepper of all kinds with a total turnover of more than 1.1 billion USD, down 1.9% in volume but up 48% in turnover compared to the same period last year.
In there, pepper export Black pepper reached 193,892 tons, white pepper reached 25,495 tons (black pepper decreased by 3.3%, white pepper increased by 10.8%), corresponding to turnover of 881.6 million USD and 162.6 million USD.
The average export price of black pepper in 10 months reached 4,971 USD/ton, an increase of 1,528 USD/ton and white pepper reached 6,626 USD/ton, an increase of 1,671 USD/ton over the same period in 2023.
The US is the largest export market of pepper Vietnam after 10 months, accounted for 28.5% reaching 62,553 tons, up 46.8% over the same period last year.
Next are the markets: UAE: 14,540 tons, accounting for 6.6%, up 45.0%; Germany: 13,737 tons, accounting for 6.3%, up 77.2%; India: 9,428 tons, accounting for 4.3%, down 10.5% and the Netherlands: 9,295 tons, accounting for 4.2%, up 41.2% over the same period. China is Vietnam's 6th largest export market, reaching 9,252 tons, but compared to the same period, the export volume decreased by 84%.
Olam Vietnam is the largest exporter in the first 10 months of 2024, reaching 23,160 tons, accounting for 10.6% and increasing by 51.1% over the same period. Next are the following enterprises: Phuc Sinh: 20,118 tons, accounting for 9.2%, increasing by 58.2%; Nedspice Vietnam: 17,014 tons, accounting for 7.8%, increasing by 10.0%; Haprosimex JSC: 16,002 tons, accounting for 7.3%, increasing by 77.5% and Tran Chau: 14,031 tons, accounting for 6.4% and decreasing by 0.8%...
On the other hand, Vietnam imported 4,818 tons of pepper, of which black pepper reached 4,566 tons and white pepper reached 252 tons, with a total import turnover of 29.3 million USD, compared to the previous month, the import volume increased by 98.3%.
Indonesia continued to be the main supplier of pepper to Vietnam in the month, reaching 3,970 tons, accounting for 82.4%; followed by Brazil: 501 tons, accounting for 10.4%. The main importers included: Olam: 1,012 tons, Harris Spices: 863 tons, Phuc Sinh: 650 tons, Phuc Thinh: 630 tons and Tran Chau: 611 tons.
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