In 5 months, Vietnam exported more than 6,400 tons of star anise, equivalent to over 39 million USD, an increase of 129% in volume and 202% in value compared to the same period last year.
The above information has just been announced by the Vietnam Pepper Association (VPA). Of which, India accounts for 63% of the star anise export market share, the remaining 37% is from China, the US and other markets.
Exporters said that in the first 5 months of the year, India and China massively bought this spice from Vietnam with triple-digit growth. In addition to the above two markets, the US and the Netherlands are also increasing their purchases of Vietnamese star anise. It is expected that by the end of the year, exports of this spice to these markets could reach over 100 million USD.
According to data from the General Department of Forestry, the total export value of cinnamon and star anise has been increasing continuously, reaching more than 245 million USD in 2020 and about 274 million USD in 2021, accounting for more than 8.3% of the export turnover of vegetables and fruits. This year, the export value of cinnamon and star anise is expected to reach about 276 million USD.
The World Spice Association assesses that Vietnam possesses many valuable spices, one of which is star anise. This type is often used as a spice in dishes such as pho, curry, beef noodle soup, stews, and stews to help create flavor and aroma for the dish. In Vietnam, the star anise growing area is about 40,000 hectares, mainly concentrated in Lang Son and Cao Bang with an annual output of more than 16,000 tons. Few countries possess this plant, accounting for the majority in Vietnam and China. The price of dried star anise in Vietnam is fluctuating between 180,000 and 290,000 VND per kg, depending on the quality.
The global spices and flavorings market was valued at 21.3 billion USD in 2021 and will increase to 27.4 billion USD in 2026. Vietnamese star anise is strongly consumed in many regions of South Asia (such as India, Bangladesh), the Middle East (UAE, Pakistan), East Asia (Japan, Taiwan - China, Korea), the US and countries of the European Union - EU.
Hong Chau
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