VINAGRI News - As of mid-October 2025, Vietnam exported over 197,000 tons of pepper worth USD 1.33 billion, surpassing the full-year record of 2024. Despite a slight decline in export volume, total export value surged thanks to high global prices and Vietnam’s strategic shift toward deeper processing and value-added products.
Summary:
> Vietnam exported 197,000 tons of pepper, earning USD 1.33 billion, surpassing the 2024 record.
> Export value rose sharply despite lower volume, thanks to deep processing and higher quality standards.
> India emerged as a key growth market, with export prices averaging USD 7,034/ton, up 50% year-on-year.
> Global pepper prices showed mixed trends, but Vietnam maintained a stable position in supply and pricing.
> Vietnam’s 2025 pepper exports are projected to reach USD 1.5 billion.
Record-breaking export value driven by strong prices
According to the Vietnam Pepper and Spice Association (VPSA), in the first half of October 2025, Vietnam exported 9,056 tons of pepper worth USD 59.9 million, down slightly from September. However, cumulative exports from January 1 to October 15 reached 197,100 tons, generating USD 1.33 billion - officially surpassing the 2024 record of USD 1.3 billion.
Vietnam remains the world’s largest pepper exporter, playing a key role in balancing global supply and demand and influencing international price trends. Although export volumes have dipped slightly, total export value has risen sharply due to greater investment in deep processing, higher product quality, and diversification of export offerings.
Customs data show that in September 2025 alone, Vietnam exported 22,000 tons of pepper worth USD 144.2 million. For the first nine months of the year, exports reached 188,100 tons valued at USD 1.27 billion - down 6.3% in volume but up 28.7% in value year-on-year.
India emerges as a key growth market
The United States, Germany, and India remain Vietnam’s top three export markets, accounting for 24.7%, 8.1%, and 6.1% of total export value respectively. Notably, shipments to Germany and India rose by 43.4% and 64.3%, while exports to the United Kingdom doubled from the previous year.
India has emerged as a particularly strong growth market. In September 2025, Vietnam exported 376 tons of pepper to India worth USD 2.56 million. Over the first nine months of 2025, exports to India totaled more than 10,000 tons valued at USD 71 million - up 8% in volume and 64.3% in value year-on-year. The average export price to India reached USD 7,034 per ton, 50% higher than a year earlier.
Black pepper accounted for 84.6% of total export value, while white pepper represented around 14%. Vietnam and Sri Lanka together supply over 70% of India’s total pepper imports.
India’s pepper demand continues to grow thanks to a large population, rising incomes, and rapid expansion in food processing and hospitality sectors. In the first seven months of 2025, India imported more than 25,000 tons of pepper worth nearly USD 180 million, up 46.5% in value year-on-year. With India’s domestic production forecast to drop by about 20% due to adverse weather, Vietnam - with its abundant output and high processing capacity - is well positioned to expand market share further.
Global pepper market shows mixed trends
According to the International Pepper Community (IPC), pepper prices in most major producing countries fell in the first half of October 2025.
In Brazil, black pepper prices dropped sharply by USD 500 to USD 6,100 per ton - the steepest decline among key exporters. Malaysia also recorded decreases of USD 200 and USD 400 per ton for black and white pepper, respectively.
In Vietnam, export prices fell by around USD 200 per ton due to rising post-harvest supply and regional price competition. As of mid-October, black pepper (500g/l) was priced at USD 6,400 per ton, black pepper (550g/l) at USD 6,600 per ton, and white pepper at USD 9,050 per ton. However, by October 23, prices had stabilized, suggesting that supply and demand were gradually rebalancing.
In contrast, Indonesia saw positive movements, with Lampung black pepper and Muntok white pepper prices rising by USD 132 and USD 29 per ton, respectively, due to tight domestic supply and a weaker rupiah supporting exports.
Experts note that current price fluctuations are driven not only by seasonal factors but also by currency movements, logistics costs, and weather impacts. While short-term prices may ease, medium- to long-term trends are expected to remain firm amid ongoing climate and crop disease risks.
Domestic market remains strong
In Vietnam, domestic pepper prices in mid-October fell slightly by VND 2,000 - 4,000 per kilogram compared with the previous month, ranging between VND 144,000 and 147,000 per kilogram - still high compared to last year. Dak Lak and Lam Dong continued to record the highest prices.
Traders attributed the price decline mainly to increased farmer selling during harvest season and higher inventories. However, overall prices remain robust, reflecting steady global demand and firm export prices.
With current performance, Vietnam’s pepper export revenue for the full year 2025 is projected to reach around USD 1.5 billion, consolidating its global leadership position.
NPK/ Vinagri News
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