In 2023, chili exports reached 20 million USD, equivalent to 10,173 tons, up 107% over the same period last year.
According to the Vietnam Pepper and Spice Association (VPSA), in December 2023, Vietnam exported 625 tons of chili, equal to more than 1.4 million USD. It was a sharp increase of 45.3% compared to the previous month. In 2023, chili exports reached 20 million USD, equivalent to 10,173 tons, up 107% over the same period last year. This growth is the basis for helping the export turnover of the whole pepper and spice industry to reach the target by 2025 of about 02 billion USD with a total output of 400,000 – 500,000 tons.
Vietnam’s chili exports increased sharply in 2023.
In terms of markets, China and Laos are the two main export markets of Vietnamese chili, with more than 8,600 tons and 1,100 tons, accounting for 85% and 10.9% of the market share, respectively.
In the past two years, Vietnam has officially exported chili to China, helping this item’s turnover to go up strongly. The price of chili is much better than in 2022, helping farmers have a stable profit.
With a selling price of 8,000-12,000 VND/kg, farmers can earn 8-15 million VND per ton, while with a price of 30,000-40,000 VND/kg, they have a revenue of 30-50 million VND.
Currently, the price of chili at gardens is about 38,000-40,000/kg. Particularly, the price of chili for type export is from 62,000-65,000 VND/ kg, and type 02 is 58,000-60,000 VND. The chili price at markets is from 55,000-58,000 VND. This is doubling over the same period in 2023.
In 2022, Vietnam exported a total of 4,904 tons of chili with a turnover of up to 11.9 million USD.
Data from the Department of Crop Production shows that chili is grown mostly in Dong Thap, An Giang, Tien Giang, Soc Trang, Vinh Long, and Tra Vinh provinces with a total area of over 7,000 ha and an output of about 100,000 tons a year.
Meanwhile, in the Central Highlands, the growing area is about 4,000-5,000 ha with an output of about 60,000 tons a year. In addition, Lang Son is one of the key chili growing areas with more than 1,479 ha, an increase of 91 ha compared to the crop in 2022.
According to a survey, the wholesale price of chili at gardens is 30.000-35.000/kg and the retail price is 38.000-45.000 VND/kg. The prices have increased sharply compared to August 2023 due to strong demand from Chinese and Korean markets./.