USA is the largest market of Vietnamese black pepper for first 5 months of 2019

Since January till end of May 2019, USA is the 1st market of Vietnamese black pepper. The total importing quantity is 23,800 tons, equal 66.5 million dollar. Therefore, quantity increased 26.8% but reduce 6.4% value.

                                              (Black Pepper, White Pepper Vietnam original)

As per the data report of Customs in May 2019, Vietnam spice exporters sent 38000 tons black pepper equal 93.43 million USD. As a result, increased 1.9% in quantity but reduced 0.7% in value compare with April 2019. In addition, the total exporting quantity for past 5 months of 2019 increased 33% in compare with same time in 2018. However, the value reduced 1.3%.

Thus, the price of black pepper was dropped so much in 2019.

                                       (SGS inspector is checking quality of black & white pepper)

In May 2019, the average price of black pepper is USD 2458/ton, reduced 2.6% in compare with it was in April 2018. Especially reduced 24.5% in compare with last year’s price in the first 5 months. 

                                                                                                 (Packing and loading of Black Pepper)

The exporting black pepper in May 2019 increased in all main markets compare with 1 year ago. Proof of this, exporting king of spices to USA is 5100 tons equal 13.58 million USD. And it is increased 13.5% in quantity while reduced 7.1% in value. In addition to this, exporting quantity to Germany increased 112.5%, to Pakistan increased 104.4%, UAE increased 133%. Importantly, Myanmar increased importing this spice to 316%.

 

No

Market

5/2017

5/2018

2019

Total

1

2

3

4

5

1

America

17,574

18842

3970

3236

5836

4573

5119

22735

2

Canada

1029

1246

217

217

298

287

186

1205

3

Germany

3485

4070

597

410

986

1582

2056

5631

4

Netherland

2564

3155

660

471

689

933

1196

3948

5

Ireland

486

1466

404

549

732

492

 1144

 3321

6

Russia

 2577

 1790

153

 118

 541

 481

 802

 2095

7

Turkey

 2126

 1269

 150

192

 509

 541

 505

 1896

8

England

 1805

 1698

 640

197

 341

350

 354

 1882

9

Israel

 1234

 1191

 217

 94

 422

 184

 254

 1171

10

China

 6217

 15,779

 2676

2894

 7693

 12638

 10137

 36038

11

India

5345

 10802

 2023

2170

 3448

 2461

 2263

 12,365

12

Pakistan

 4883

 6226

 1203

772

 1965

 1678

 1288

 6906

13

UAE

6944

 4959

 841

 1000

 1862

 1264

 1103

 6071

14

Nepal

 93

 1892

 31

 406

 833

 1056

 962

 3288

15

Thailand

2150

 2614

 644

 360

 535

 580

 1155

 3234

16

Iran

2385

 1573

218

 151

 794

977

 850

 2990

17

Korea

 3305

2477

705

 324

 864

 570

 488

 2952

18

Philippines

 1940

 2103

 595

 683

 595

 238

 532

 2643

19

Egypt

 4326

 3424

 301

 206

 1304

981

 1394

 4185

20

Senegal

 1292

 1024

 381

 163

 427

 416

 109

 1496

21

South Africa

 977

 1274

 224

 235

 280

 333

 362

 1433

22

Morocco

 108

 433

 

18

 88

 299

 389

 794

23

Gambia

 299

 168

 50

67

198

 92

 105

 512

24

Algeria

 1206

 661

 95

14

201

 52

 42

403

                  (Total exporting volume of black pepper in Vietnam for the first 5 months of 2019)

In global market, price of black pepper increased again. But the supply from Vietnam, Brazil and Indonesia is still more than demand. Therefore, the increasing trend is not expected continue for long. As per the data of International Pepper Community, total pepper production in the world is still increasing. It is estimated reaching 602,000 tons, increased 8.27%. Furthermore, total production in Brazil increases 28%, Cambodia increases17%, Sri Lanka increases 44%. As a result of increasing cultivation farms since 2014-2016, harvesting crop in Vietnam will reach more than 240,000 tons, 9% increased. However, the total pepper demanding in the world just increased only 2%.

Thus, the price of black pepper is hardly increased after 2-3 years.

RELATED INFORMATION:

CASSIA VERA
STAR ANISE
BLACK PEPPER
CINNAMON POWDER
BROKEN CASSIA KBBC
CASHEW NUT
DESICCATED COCONUT

DIFFERENCE BETWEEN CINNAMON CASSIA & CINNAMON CEYLON
VIETNAMESE STAR ANISE & CINNAMON PRODUCTION AND MARKET

 

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