Pepper exports see strongest growth in India
Pepper exports to India grew impressively over the first quarter of the year, ballooning 209% in volume and 77% in value to become the fastest growing export market, according to preliminary statistics provided by the General Department of Vietnam Customs.
Illustrative image (Source: Internet)
Vietnam shipped 60,033 tons of pepper, raking in US$221.66 million in the same quarter, up 17.4% in volume but down 31.5% in value over last year’s corresponding period.
The US was the largest consumer of Vietnamese pepper, accounting for 17.2% of the country’s total volume of pepper exports with 10,364 tons, and 19.3% of the total value at US$42.84 million. Although exports to India only amounted to 7,132 tons (11.9% of total export volume) and were valued at US$25.06 million (11.3% of total value), the market posted the strongest growth.
Pakistan remained the third largest importer, consuming 3,993 tons of Vietnamese pepper worth US$13.69 million.
Over the three-month period, export values to most markets suffered a decline compared to the same period last year despite high export volumes to some markets., and export prices dropped across all markets.
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