The surge was driven by stable global demand and limited supply, which has kept export prices at a high level.

In August alone, Vietnam shipped 21,464 tonnes of pepper worth US$139.8 million, up 2.6% in volume and 1.7% in value from July. Compared with the same month last year, export volume rose 10.6% while earnings jumped 19.5%.

From January to August, the country exported 166,510 tonnes of pepper of all types, including 142,627 tonnes of black pepper and 23,883 tonnes of white pepper. Despite a 9.4% decline in export volume from a year earlier, revenue rose 28% to over US$1.12 billion, thanks to higher prices. The average export price reached US$6,666 per tonne for black pepper and US$8,732 per tonne for white pepper, up 41.5% and 38%, respectively, year-on-year.

The US remained the largest buyer of the Vietnamese spice, accounting for 21.4% of the country's total pepper export value with 35,697 tonnes.

However, shipments to this market fell more than 31% compared to the same period last year. By contrast, exports to China rose sharply by 58% year on year to 13,282 tonnes, while sales to the United Arab Emirates and India expanded 9.7% and 13.7%, respectively.

On the import side, Vietnam purchased 34,524 tonnes of pepper worth US$215.3 million in the eight months, up 61.7% in volume and 143.5% in value from a year ago. Brazil remained the largest supplier with more than 17,500 tonnes, followed by Cambodia and Indonesia.

Domestically, pepper prices have been on the rise since late August. Farm-gate prices climbed from VND142,000-143,000 (US$5.4) per kilogram on August 20 to VND154,000-155,000 by early September, before stabilising at around VND152,000-153,000. VPSA attributed the increase to the end of the harvest season and dwindling on-farm stocks, while exporters continue to buy to fulfil signed contracts.

Industry experts forecast that limited supply will keep prices firm in the short term, especially as Vietnamese firms reduce imports of raw pepper for re-export processing due to new US reciprocal tariffs of up to 40% on transshipped goods.

Vietnamese pepper exports surge in value despite decline in volume

VOV.VN - Despite a nearly 13% drop in export volume compared to the same period in 2024, Vietnam’s pepper export revenue in the first half of 2025 saw a significant surge, driven by record-high export prices, the highest in many years, according to the Vietnam Pepper and Spice Association (VPSA).