Asia is Vietnam's largest pepper exporting region in the first quarter of 2024

Preliminary statistics from the Vietnam Pepper and Spice Association show that in March 2024, Vietnam exported 25,579 tons of pepper of all kinds, of which black pepper reached 22,282 tons and white pepper reached 3,297 tons.

Pepper export turnover reached 110.7 million USD, of which black pepper reached 92.0 million USD, white pepper reached 18.7 million USD, compared to February, export volume increased by 88.1%, turnover increased by 102.2%.

The average export price of black pepper in March reached 4,136 USD/ton, white pepper reached 5,710 USD/ton, an increase of 310 USD for black pepper and 55 USD for white pepper.

By the end of the first quarter of 2024, Vietnam had exported 56,712 tons of pepper of all kinds, of which black pepper reached 49,743 tons and white pepper reached 6,969 tons. Total export turnover reached 235.6 million USD, of which black pepper reached 196.9 million USD and white pepper reached 38.7 million USD. Compared to the same period in 2023, export volume decreased by 26.1% and turnover decreased by 0.1%.

The average export price of black pepper reached 3,966 USD/ton, white pepper reached 5,552 USD/ton, an increase of 562 USD for black pepper and 593 USD for white pepper respectively compared to the same period in 2023.

Asia is the largest exporting region, accounting for 37.7%, reaching 21,365 tons, but down 54.3% over the same period. India is the largest exporting market in Asia, reaching 3,793 tons, up 19.6%, accounting for 6.7%.

Exports to China decreased the most by 95.8% to only 1,083 tons compared to 25,919 tons in the same period, UAE also decreased by 38.6%; Iran decreased by 29.3%, while exports to South Korea increased sharply by 179.9% to 2,164 tons.

The Americas region ranked second, accounting for 29.7%, of which the United States was the largest export market for Vietnamese pepper, accounting for 26.8%, reaching 15,185 tons, an increase of 27.9% over the same period.

Exports to Europe accounted for 26.3%, up 24.7% over the same period in 2023, of which exports to Germany were the largest, up 113.8% to 3,701 tons; the Netherlands increased 76.9% to 2,598 tons; exports also increased in Russia (25.1%); France (8.0%); Spain (32.3%), Italy (203.6%)... but decreased in the UK (-5.6%); Poland (-21.1%);, Ireland (-75.4%)...

Exports to Africa decreased by 23.1%, of which Egypt decreased by 9.7% to 1,389 tons and Senegal decreased by 38.0% to 588 tons.

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