Chili export turnover falls sharply by 52% year on year
VOV.VN - Vietnam exported 560 tonnes of chili during the opening two months of the year worth US$1.9 million, marking sharp decreases of 65.4% in volume and 52.1% in value compared to the same period from last year, according to the Vietnam Pepper and Spice Association (VPSA).
VPSA statistics show Laos emerged as the largest consumer of the Vietnamese products with 286 tonnes, accounting for 51.1% of the country’s export volume.
Experts attributed the sharp decline in chili exports in early 2025 to the Lunar New Year holiday. However, they say, export activities are expected to recover as the main harvest season begins.
Chili is a high-value crop well-suited to Vietnamese farmers, as it can be intercropped with various plants and requires minimal maintenance.
Globally, the total chili cultivation area is estimated at nearly 20 million hectares, with Asia accounting for about 80% of total production. Major chili-producing countries include India, Myanmar, Bangladesh, Pakistan, Thailand, Vietnam, China, Nigeria, and Mexico.
India is the world’s largest producer and exporter of chili, followed by Vietnam, China, and Indonesia.
The global chili market currently has an annual trade value of approximately US$35 billion, comparable to key consumer goods such as coffee and tea.
Eight-month chili exports to US market skyrocket
VOV.VN - Vietnamese chili exports to the United States reached 163 tonnes during the opening eight months of the year, representing a sharp increase of 143.3% against the same period last year, according to the Vietnam Pepper Association (VPA).
