Pepper exports in 9 months nearly reached 1.3 billion USD

Photo caption — Dried peppercorns. Illustration photo: Ngoc Minh/VNA

Specifically, in September, Vietnam exported 20,487 tons of pepper of all kinds, with a turnover of 136.3 million USD. Although compared to the previous month, the export volume and turnover decreased by 4.6% and 2.5% respectively, compared to the same period in 2024, it increased sharply by 19.5% in volume and 23.2% in value.

The average export price continued to increase. Black pepper reached 6,490 USD/ton, up 2.4% compared to the previous month; white pepper reached 8,679 USD/ton, up 1.4%. In the world market, the price of black pepper from Lampung (Indonesia) increased by nearly 3% to 7,225 USD/ton. The price of Vietnamese pepper remained stable at 6,600-6,800 USD/ton, creating a competitive advantage over some other major producing countries.

In the first 9 months, Vietnam exported 186,997 tons of pepper, down 6.9% in volume but up 27.6% in value, reaching over 1.26 billion USD. The average export price increased sharply, with black pepper reaching 6,647 USD/ton (up 1,795 USD), white pepper reaching 8,716 USD/ton (up 2,254 USD) compared to the same period in 2024. This price increase reflects the trend of supply shortage in some major producing countries, while world demand gradually improved after a period of stagnation.

The United States remains the largest export market for Vietnamese pepper, accounting for 21.4% of total exports, but down 30.4% year-on-year, reaching 39,979 tons. In return, exports to China increased sharply by 73.3% to 15,353 tons, accounting for 8.2% of the market share; the UAE reached 14,848 tons, up 12.8%; India and some European markets recorded stable growth. This shows that the pepper export market structure is shifting, with the increasing role of Asian markets.

On the other hand, Vietnam has also been actively importing pepper for processing and re-export. In the first 9 months, the import volume reached 36,112 tons, worth 225.7 million USD, up 51.9% and 121.1% over the same period. Of which, Brazil accounted for nearly half of the import volume with 17,835 tons, double that of last year, followed by Cambodia and Indonesia. The increase in raw material imports shows that the domestic pepper industry is stepping up processing activities to meet the demand of high-value segments.

Besides pepper, cinnamon continues to be a bright spot in the spice industry's export. In September, Vietnam exported 7,433 tons of cinnamon, worth 17.9 million USD. Although down from August, compared to the same period in 2024, the volume increased by 15.6% and the value increased by 3.7%.

In the first 9 months, cinnamon exports reached 90,478 tons with a turnover of 228.3 million USD, up 30.5% and 17.5% respectively over the same period last year. India was the largest market, accounting for 39% of total exports, reaching 35,329 tons, a sharp increase of 51%. The United States accounted for 11%, reaching nearly 10,000 tons; Bangladesh accounted for 7.3% with 6,615 tons. Maintaining stable growth in key markets shows the good competitiveness of Vietnamese cinnamon, especially in the context of rapidly increasing demand for natural spice products in many countries.

The upward trend in pepper prices in the international market and the recovery in demand in many major markets are favorable signals for exports in the last months of the year. Although export output has decreased slightly, the sharp increase in prices has helped the pepper industry achieve high turnover, opening up the possibility of ending 2025 with impressive growth in value. For cinnamon, the growth momentum is maintained thanks to stable demand from India and the Asia-Middle East market.

However, VPSA recommends that businesses need to closely monitor world price fluctuations, optimize domestic and imported raw material sources, and promote deep processing to increase value. Diversifying markets, especially in emerging markets, will help reduce dependence on some traditional markets and improve the industry's resilience to global fluctuations.

Source: https://baotintuc.vn/kinh-te/xuat-khau-ho-tieu-9-thang-gan-cham-moc-13-ty-usd-20251008100259817.htm