Pepper exports to Hong Kong market (China) increased sharply

In November 2024, pepper exports to the Hong Kong market (China) reached 3,933 tons, a sharp increase compared to 129 tons in the same period last year.

According to data recently released by the Vietnam Pepper and Spice Association, in November 2024, Vietnam exported 15,948 tons of pepper of all kinds, of which black pepper reached 13,606 tons and white pepper reached 2,342 tons. The total pepper export turnover reached 106.5 million USD, of which black pepper reached 87.5 million USD and white pepper reached 19.0 million USD. Compared to October, the export volume decreased by 13.8% and compared to the same period in 2023, the export decreased by 21.4%.

Pepper exports in 11 months earned more than 1.2 billion USD

The average export price of black pepper in November reached 6,513 USD/ton, white pepper reached 8,286 USD/ton, up 229 USD for black pepper and 57 USD for white pepper respectively compared to October 2024. Olam remained the largest exporter in November with 2,089 tons, down 19.5% compared to the previous month.

Pepper exports to the US market still accounted for the largest proportion, accounting for 31.9%, reaching 5,089 tons. Next were the UAE markets with 927 tons, Hong Kong (China) with 895 tons, the Netherlands with 760 tons, and South Korea with 600 tons.

In general, in the first 11 months of 2024, pepper exports reached 235,335 tons with a total export turnover of 1.2176 billion USD, of which black pepper reached 1.361 billion USD and white pepper reached 181.5 million USD. Compared to the same period in 2023, the export volume decreased by 3.5%, however, the export turnover increased by 46.9%. The average export price of black pepper in 11 months reached 5,073 USD/ton, up 47.3% and white pepper reached 6,772 USD/ton, up 36.7% over the same period last year.

The United States is the largest export market for Vietnamese pepper, reaching 67,802 tons, up 41.1% and accounting for 28.8% of total exports of Vietnamese pepper. Next are the UAE markets with 15,495 tons, up 42.7%, accounting for 6.6%; Germany with 14,170 tons, up 67.7%, accounting for 6.0%; pepper exports also increased in the Netherlands market (41.8%); South Korea increased by 34.8%; Pakistan increased by 34.5%; Canada increased by 19.7%; Russia increased by 15.5%, the UK increased by 14.0%... Notably, pepper exports to Hong Kong (China) in the first 11 months of 2024 reached 3,933 tons compared to 129 tons in the same period last year.

China was the 6th largest export market for Vietnamese pepper in the 11 months of 2024, reaching 9,661 tons, down 83.6% over the same period in 2023.

Vietnam's leading pepper exporters in the first 11 months of 2024 included Olam Vietnam with 25,249 tons, up 44.9%; Phuc Sinh with 21,287 tons, up 49.4%; Nedspice Vietnam with 18,887 tons, up 7.9%; Haprosimex JSC with 17,097 tons, up 70.6% and Tran Chau with 15,256 tons, up 0.8%.

Source: https://congthuong.vn/xuat-khau-ho-tieu-sang-thi-truong-hong-kong-trung-quoc-tang-manh-362945.html