Premium Vietnamese Pepper Is On The Top Of The World’s “Spice Map” in 2022
Currently, Vietnamese pepper is present in 110 countries and territories. The export volume of pepper accounts for 60% of the world’s pepper exports with many rich products such as black pepper, green pepper, white pepper, powdered pepper, pickled pepper…
Export Production Statistics
According to data from the Import-Export Department (Ministry of Industry and Trade), the impact of the 4th COVID-19 epidemic caused pepper exports to drop sharply in August 2021 . However, the average export price of Vietnam’s pepper in August 2021 reached 3,736 USD/ton. This is the highest price of export pepper since January 2018. This price has increased by 3.4% compared to July 2021 and sharply increased by 49.4% compared to August last year.
In the first 8 months of 2021, Vietnam’s average export price of pepper reached 3,321 USD/ton, up 51.1% over the same period in 2020. The sharp increase in export price of pepper contributed greatly to the level. the general increase of the whole pepper industry in Vietnam. This is considered a very positive signal in the context of the decrease in export prices of many other agricultural products
Pepper Markets
Notably, Vietnam’s pepper exports to most of the main markets increased, except China and Egypt. Vietnam’s pepper exports in the first 7 months of this year to the United Arab Emirates increased by 74.6% in volume and 185% in value, reaching 11,630 tons, worth $39.81 million.
According to the Import-Export Department, changing the mindset, growing pepper in the organic direction, and actively looking for output for products has helped Vietnamese pepper conquer domestic and foreign markets with higher prices. At the current price, which is twice as high as last year, many households have replanted pepper trees.
Among Vietnamese spices, pepper is a very famous spice in the world market and accounts for the highest proportion of export turnover. In the context of the COVID-19 epidemic affecting many other commodity groups, pepper exports continued to remain stable.
Optimistic Outlook For Vietnamese Pepper Exports in 2022
Recently, joining a mission organized by the Trade Promotion Department (Ministry of Industry and Trade), right within the period of 2022, Mr. Pham Hoang Vu – Sales Director of Sybil Agri Vietnam Co., Ltd. – signed the contract. contract to export 10 heaps of pepper , and is constant to barter the ultimate stage of payment terms for 3 export contracts: 1 container of star anise, 1 container of mixed products of pepper, copra, cashew nuts, and a contract to provide pepper for the full year with the number up to 500 tons within the market of the United Arab Emirates (UAE).
According to the Ministry of Industry and Trade, after 2 years of being suffering from the COVID-19 epidemic, businesses have adapted and created an appropriate and effective trade promotion plan, so that they should export agricultural products normally, including: Target specifically will have many breakthroughs during this 2022.
The Import-Export Department (Ministry of Industry and Trade) also commented: In 2022, pepper export prices will still remain high, businesses will have the benefit of this factor although the number of pepper exported may decrease. drop (hypothetical).
In traditional export markets like the US, Europe (EU), and also the UAE, many optimistic signals are forecast. Especially within the US market, although the US increased Vietnamese pepper imports from some producing countries like Indonesia, India, and China, the amount of pepper imported from Vietnam still accounts for the biggest proportion. .
Forecasting the prospect of pepper export in 2022, VPA is optimistic that pepper exports will increase right from the primary quarter of 2022 because it’s estimated that the world’s purchasing demand is about 130,000-160,000 tons, while the overall production of Vietnam’s annual harvest is merely about 150,000 tons. Moreover, the standard of pepper is improving and VPA is supporting businesses to market deep processing and build a name for this item that brings in over 3 billion USD annually.
Marina Nguyen
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