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Wednesday, June 19, 2024

Vietnam’s black pepper exports to U.S. soar to four-year high in April

The Saigon Times

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HCMC – Vietnam, the world’s leading producer of black pepper, saw an upsurge of black pepper exports to the U.S. in April, hitting a four-year high.

According to data from the Vietnam Pepper and Spice Association (VPSA), April saw Vietnam exporting a total of 26,245 tons of pepper, with black pepper constituting 23,705 tons and white pepper amounting to 2,540 tons.

The average export price of black pepper in April was US$4,292 per ton, while white pepper averaged at US$6,034 per ton, up by 4.0% and 6.5% compared to March, respectively.

The export value of black pepper reached US$101.1 million, and white pepper reached US$15.4 million, a 2.2% increase in volume and a 5.2% rise in value against the same period last year.

Notably, Vietnam’s black pepper shipments to the U.S. in April totaled 7,514 tons, a 15.5% month-on-month increase, a 28.6% share of the export market in April – the highest export volume since June 2021.

As of late April, Vietnam had generated US$352 million from 83,067 tons of pepper exported, with black pepper accounting for 73,555 tons and white pepper for 9,512 tons.

Exports to Asia accounted for the largest proportion, at 36.2%. However, this still represented a sharp fall of 52% over the same period last year.

Exports to the Americas increased by 40.6% and made up 30.2% of the total. The U.S. remained Vietnam’s largest pepper export market, accounting for 27.4% of the total, at 22,774 tons, a 45.2% year-on-year increase.

In the European market, which accounted for 26.8% of total exports, shipments rose by 33.6% year-on-year.

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