China moves to increase imports of Vietnamese pepper in first half
VOV.VN - China represents the largest importer of Vietnamese pepper in the first half of the year, duly accounting for 32.9% of the overall market share, according to figures released by the Vietnam Pepper Association (VPA).
During the six-month period, the northern neighbour purchased 50,369 tonnes of pepper, representing a rise of 798%, or eight-fold increase against the same period from last year.
The sudden rise in Chinese import volume can be attributed to the fact that they moved to reduce pepper purchases during the 2021 to 2022 period and increased imports after reopening.
The latest statistics released by the VPA indicate that the country exported 152,986 tonnes of pepper of all types worth US$485.9 million, of which black and white peppers reached US$417.9 million and US$68.0 million respectively.
The country’s export volume increased by 21.8%, but dropped by 14.6% in export value compared to the same period from last year.
The United States became the second largest consumer of Vietnamese pepper with the import volume reaching 25,894 tonnes, marking a drop of 14% on-year, followed by the United Arab Emirates (UAE), India, and Germany, with import volume falling between 30% and 40% annually.
Experts pointed out that the rising consumption demand during the year-end period is expected to become a positive factor for the local pepper industry in the remaining months of the year.
