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The annual pepper exports are expected to exceed the $1 billion mark
.
Pepper was once a billion-dollar export commodity
.
Specifically, from 2014 to 2017, pepper exports have remained at the level of more than 1 billion U.
S.
dollars, of which, in 2016, they reached 1.
429 billion U.
S.
dollars, a record high
.
.
Specifically, from 2014 to 2017, pepper exports have remained at the level of more than 1 billion U.
S.
dollars, of which, in 2016, they reached 1.
429 billion U.
S.
dollars, a record high
.
From 2018 to 2020, due to the oversupply of pepper, the export price of Vietnamese pepper has fallen sharply.
The export value of 1 billion US dollars has not been guaranteed, and even in special years, it is far below this level (Vietnam pepper exports only reached 6.
6 in 2020 Billion dollars)
.
The export value of 1 billion US dollars has not been guaranteed, and even in special years, it is far below this level (Vietnam pepper exports only reached 6.
6 in 2020 Billion dollars)
.
This year, pepper exports have recovered strongly
.
According to information from the General Administration of Customs of Vietnam, in the first nine months of 2021, pepper exports reached 719 million U.
S.
dollars, a year-on-year increase of 47%
.
According to statistics from the Vietnam Pepper Association, as of the end of October, pepper exports reached 230,000 tons, with an export value of US$800 million
.
.
According to information from the General Administration of Customs of Vietnam, in the first nine months of 2021, pepper exports reached 719 million U.
S.
dollars, a year-on-year increase of 47%
.
According to statistics from the Vietnam Pepper Association, as of the end of October, pepper exports reached 230,000 tons, with an export value of US$800 million
.
With the increasing demand for pepper imports in many markets, especially the Chinese market, the price of pepper is on the rise in the last few months of this year, which is an excellent opportunity for the pepper industry to increase its export value
.
.
The Export Bureau of Vietnam’s Ministry of Industry and Trade believes that China’s import demand is expected to increase significantly by the end of this year, which will have a positive impact on Vietnam’s export prices
.
.
In the first nine months of 2021, Vietnam’s pepper exports to China reached 12.
52 million U.
S.
dollars, an increase of 10.
9%
.
The market share of Vietnamese pepper in China's total imports rose from 25.
66% in the first nine months of 2020 to 30.
54% in the first nine months of 2021
.
This reflects the growing popularity of Vietnamese pepper in the Chinese market
.
(over)
52 million U.
S.
dollars, an increase of 10.
9%
.
The market share of Vietnamese pepper in China's total imports rose from 25.
66% in the first nine months of 2020 to 30.
54% in the first nine months of 2021
.
This reflects the growing popularity of Vietnamese pepper in the Chinese market
.
(over)
