Pepper exports top $1B in 7 months
Vietnam exported US$1.08 billion worth of pepper in the first seven months of this year, up 10.1% from a year ago.
Vietnam's pepper exports reached $1 billion within seven months, marking a 16.1% increase year-over-year, according to the Vietnam Pepper and Spice Association. Shipments totaled 168,429 tonnes, with Asia being the primary market, accounting for 76,845 tonnes or 45.6% of the total. The United States led foreign demand, purchasing 40,712 tonnes, a 31.8% year-on-year surge.
China followed with 17,110 tonnes, up 55.8%. Europe's imports climbed by 7.5% to 36,140 tonnes. While overall demand soared, cinnamon and star anise exports cooled, with cinnamon shipments dropping 1% in volume and 0.6% in value, and star anise falling 9.1% and 6.2%, respectively. Vietnam's pepper import volume surged 55.1% to 48,812 tonnes, valued at $279.3 million, with Cambodia's share jumping 256.9% to 25,413 tonnes.
Despite challenges in land and regulatory compliance, the sector pivots towards quality, branding, and value addition to sustain growth.
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