| Export of pepper and spices: Improving quality, targeting the high-end market segment Pepper prices are forecast to remain high |
The Import-Export Department (Ministry of Industry and Trade) cited data from the European Statistics Agency (Eurostat) saying that in 2023, Germany imported pepper from the non-EU market reaching 16,52 thousand tons, worth nearly 70,4 million euros. 76,57 million EUR (equivalent to 25,1 million USD), down 34% in volume and 2022% in value compared to XNUMX.
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| Vietnam is the largest foreign source of pepper for Germany |
In 2023, the average import price of German pepper from the non-EU market will reach 4.260 USD/ton, down 11,9% compared to 2022. In particular, the average import price of German pepper from all Foreign supplies decreased. The lowest decrease of 7,3% came from Brazil; The highest decrease of 20,3% was from Vietnam.
In 2023, the main foreign pepper supplies for Germany include: Vietnam, Brazil, India, Indonesia, and Cambodia. Of which, Vietnam is the largest foreign pepper supplier to Germany in 2023, reaching 8,85 thousand tons, worth nearly 35,12 million EUR (equivalent to 38,2 million USD), a decrease of 10,2 million. % in volume and down 28,4% in value compared to 2022.
However, Vietnam's pepper market share in Germany's total imports from the non-EU market still increases from 44,67% in 2022 to 53,56% in 2023. Brazil is the second largest foreign pepper supplier. 2 for Germany in 2023, the volume will reach 4,61 thousand tons, worth 16,87 million EUR (equivalent to 18,35 million USD), down 45,4% in volume and 49,4% in value compared to 2022.
Brazil's pepper market share in Germany's total imports from non-EU markets decreases from 38,26% in 2022 to 27,92% in 2023. In 2023, Germany also reduces pepper imports from other markets. Indonesia and Cambodia, but sharply increased imports from India.