The figure of 71.8 million USD achieved in the first half of August 2025 brought the total export value of pepper from the beginning of the year to 1.06 billion USD.
The Vietnam Pepper and Spice Association (VPSA) reported that in the first half of August 2025, Vietnamese businesses exported 10,830 tons of pepper, worth 71.8 million USD. Compared to July 2025, pepper exports in the first half of August 2025 decreased by 0.2% in volume but increased by 2.1% in value due to higher export prices.
According to the VPSA, the pepper harvest of 2025 in Vietnam has officially ended, with an estimated output of 180,000 tons, a decrease of 10,000 tons compared to 2024. There are many reasons for the decrease in pepper exports by volume, including reduced production. This decrease is largely due to the lack of expansion in new pepper planting areas during the past crop.
Pepper exports from the beginning of the year have exceeded 1 billion USD.
The significant decrease in the US imports of Vietnamese pepper is also a primary reason for the sharp decline in Vietnamese pepper exports, as this is the largest market for Vietnamese pepper. Data from the International Trade Center (ITC) shows that in the first five months of this year, the US imported over 36,000 tons of pepper, valued at 273 million USD, a decrease of 3.3% in volume. Imports from Vietnam decreased by 18% in volume.
Although the US significantly reduced its pepper imports from Vietnam and increased purchases from Indonesia or India, Vietnam remains the largest supplier to this market, accounting for 64.4% of the total pepper imported into the US.
Pepper exports to the US in the third quarter may face certain difficulties due to the impact of countervailing duties. But from the fourth quarter onward, the outlook is expected to be more positive. The VPSA believes that the US market may see a significant increase in orders in the fourth quarter of 2025 and the first quarter of 2026, as importers begin to build up pepper inventories for the peak consumption season.
According to the VPSA, although Vietnam’s pepper exports to the US have decreased, this could be temporary during the market adjustment phase before the new tax policy. The advantage of a lower tax rate compared to Brazil or India, along with stable supply capacity, is the basis for expecting that Vietnam’s pepper exports to the US will recover in the second half of 2025.
The VPSA also forecasts that global pepper prices will increase in the final months of 2025 because of additional demand from major markets.
Based on the export results for pepper, the VPSA forecasts that Vietnam’s pepper exports this year will decrease in volume, reaching about 220,000 tons compared to 250,000 tons in 2024. Although export volume decreased significantly, thanks to high prices, the value will still be equivalent to last year’s 1.3 billion USD.