Chili exports surged.

In 2023, chili exports reached $20 million, equivalent to 10,173 tons, a 107% increase compared to the previous year.

These figures were recently released by the Vietnam Pepper Association. According to the report, China and Laos are the two main export markets for Vietnamese chili peppers, accounting for over 8,600 tons and 1,100 tons respectively, representing 85% and 10.9% of the market share.

Over the past two years, Vietnam has been able to export chili peppers to China through official channels, leading to a surge in export revenue. The selling price of chili peppers is also much better than in 2022, providing farmers with stable profits.

On average, each plot of land planted with chili peppers yields over 1 ton of fruit per year. With a selling price of 8,000-12,000 VND per kg, farmers can earn 8-15 million VND per plot, while at a price of 30,000-40,000 VND, they can generate 30-50 million VND in revenue.

Currently, the price of chili peppers at the farm is fluctuating between 38,000 and 40,000 VND per kilogram. Specifically, the price for selected export-grade chili peppers ranges from 62,000 to 65,000 VND per kilogram, grade 2 chili peppers are 58,000 to 60,000 VND, and market chili peppers are 55,000 to 58,000 VND. These prices are double those of the same period in 2023.

Data from the Department of Crop Production shows that chili peppers are most widely grown in the provinces of Dong Thap, An Giang , Tien Giang, Soc Trang, Vinh Long, and Tra Vinh, with a total area of ​​over 7,000 hectares and an annual production of approximately 100,000 tons. Meanwhile, in the Central Highlands, the cultivated area reaches about 4,000-5,000 hectares with an annual production of approximately 60,000 tons.

Globally , the Asia-Pacific region dominates the market, with India being the world's leading producer and exporter of dried chili peppers, followed by Vietnam, China, and Indonesia. India is also the world's leading producer and consumer of chili peppers, accounting for approximately 36% of global production and exporting around 30% of total output.

Hong Chau

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