Compared to the same period last year, although the export volume decreased, pepper export turnover increased by 48%.
According to statistics from the Vietnam Pepper and Spices Association (VPSA), pepper export In the first 10 months of 2024, the volume decreased by 1.9% but the value increased by 48% compared to the same period in 2023.
Specifically, in October 2024, Vietnam exported 18,493 tons of pepper of all kinds, an increase of 7.9% over the same period last year. The export turnover in October reached 120.2 million USD; of which, the export turnover of black pepper reached 99.8 million USD, white pepper reached 20.4 million USD. The average export price of black pepper in October reached 6,284 USD/ton, down 28 USD, and white pepper reached 8,029 USD/ton, up 191 USD.
In the first 10 months of 2024, Vietnam exported 219,387 tons of pepper of all kinds; of which, black pepper reached 193,892 tons, white pepper reached 25,495 tons. Total export turnover reached more than 1.1 USD. Black pepper 881.6 million USD, white pepper reached 162.6 million USD. Compared to the same period last year, the export volume decreased by 1.9% (black pepper decreased by 3.3%, white pepper increased by 10.8%), but the export turnover increased by 48%. The reason is that the export price of pepper in 2024 was much higher than in 2023. The average export price of black pepper reached 4,971 USD/ton, an increase of 1,528 USD and white pepper reached 6,626 USD/ton, an increase of 1,671 USD over the same period.
The United States was the largest export market for Vietnamese pepper in the first 10 months, reaching 62,553 tons, accounting for 28.5% of total export volume, up nearly 47% over the same period last year. This was followed by the United Arab Emirates (UAE), Germany, India and the Netherlands. China is currently the 6th largest export market for Vietnam, but compared to the same period, export volume decreased by 84%.
In addition to domestically grown raw materials, Vietnam also imports pepper from other countries to serve processing and export needs. In October, the amount of imported pepper increased by more than 98% compared to the previous month. Specifically, Vietnam imported 4,818 tons of pepper of all kinds worth more than 29.3 million USD, mainly from Indonesia and Brazil.
In the first 10 months, Vietnam imported 28,596 tons of pepper of all kinds, with a total import turnover of 131.3 million USD. Compared to the same period last year, the import volume increased by 27.1% and the turnover increased by 78.5%.
Indonesia became the largest pepper supplier to Vietnam with an output of 10,287 tons, up 257% year-on-year, accounting for 36% of imported output. Pepper imports from Brazil reached 9,013 tons, down 35.5%, and imports from Cambodia reached 6,695 tons, up 96.7% year-on-year in 2023.
Pepper processing and exporting enterprises said that Vietnam's pepper inventory is currently very low, and the 2025 harvest is expected to be 1-2 months later than usual and output will decrease due to drought. Meanwhile, Indonesia has just finished the 2024 harvest, output is still abundant and prices are continuously cooling down, so businesses are taking advantage of the opportunity to buy. In addition to Indonesia, Vietnam also prioritizes imports from neighboring countries such as Cambodia instead of distant sources such as Brazil to save on transportation costs.
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