According to statistics from the General Department of Customs, in the first 05 months of 2023, Vietnam exported nearly 131.5 thousand tons of pepper. The revenue was 406.5 million USD, down 11.6% in volume and 33.2% in value over the same period in 2022.

The average export price of Vietnam’s pepper in May 2023 reached 3,106 USD/ton, down 1.6% compared to April 2023 and 31% compared to May 2022. In the first 05 months of this year, the average export price of Vietnam’s “black gold” only reached 3,092 USD/ton, down 33.2% compared to the same period last year.

In the first 05 months of 2023, pepper exports decreased sharply.

The export values to the 05 largest export markets of Vietnamese pepper including the United States, the United Arab Emirates, India, Germany, and the Netherlands all decreased from 34.2 to 57.4%.

Among the top 10 key markets, only Turkey and Egypt recorded export increases of up to three figures, 165.3% and 160% respectively. However, export turnover in these two markets accounts for a small proportion.

The international pepper community forecasts that the global pepper market is generally still gloomy. Slow growth in the world economy and weak purchasing power in the US and European markets are the factors holding back the rise of pepper prices. In addition, speculators tend to invest in Robusta coffee, which also has a negative impact on the global pepper market.

Vietnam is the country with the world’s leading pepper production. In 2022, Vietnam exported about 220,000 tons, accounting for 55% of the total global pepper production. Therefore, the gloomy world pepper market directly affects this industry of our country./.