VINAGRI News - Vietnam’s pepper export revenue rose nearly 28% year-on-year to almost USD 1.3 billion in the first nine months of 2025 - nearly matching the total for all of 2024 - thanks to a sharp increase in export prices. Although shipment volumes fell slightly, higher prices boosted export earnings.
Summary:
> Pepper export revenue (Jan - Sep 2025): USD 1.3 billion, up 27.9% year-on-year.
> Export volume: 186,503 tons, down 7.1% year-on-year.
> Average export price: USD 6,787/ton, up 37.6% year-on-year.
> Exports to the U.S. fell 28.2% in volume but rose 4.3% in value.
> The U.S. remains the top destination, accounting for 22.4% of total shipments, down from 28.9% last year.
> Market share in Germany, India, South Korea, Thailand, Egypt, and Turkey increased.
> The 20% U.S. countervailing duty is not expected to significantly impact Vietnam’s pepper exporters.
Export value surges despite lower volume
According to data from the General Department of Vietnam Customs, Vietnam exported 20,405 tons of pepper worth USD 135.99 million in September 2025, up 19.3% in volume and 23.2% in value from a year earlier.
Cumulatively, in the first nine months of 2025, the country shipped 186,503 tons, down 7.1% year-on-year. However, export earnings jumped 27.9% to nearly USD 1.3 billion, driven by soaring export prices.
The average export price of Vietnamese pepper during the period stood at USD 6,787 per ton, up 37.6% from the same period in 2024 - the highest level in recent years.
This means that by the end of the third quarter, Vietnam’s pepper export earnings were already nearly equivalent to the full-year total of USD 1.32 billion recorded in 2024.
U.S. imports decline in volume, rise in value
Exports to the United States, Vietnam’s largest market, reached 41,800 tons worth USD 312.3 million, representing a 28.2% drop in volume but a 4.3% increase in value compared to the same period last year.
The U.S. accounted for 22.4% of Vietnam’s pepper export volume during January -September 2025, down from 28.9% a year earlier. Meanwhile, shipments to Germany and India - the next two largest markets - increased their shares.
Exports to South Korea, Thailand, Egypt, and Turkey also expanded, partially offsetting the reduced share of the U.S. market.
Outlook: Exports expected to recover in coming months
The Import-Export Department (Ministry of Industry and Trade) noted that the decline in shipments to the U.S. is likely temporary, reflecting short-term market adjustments following recent tax policy changes.
Vietnam’s lower tariff rates compared to competitors such as Brazil and India, combined with stable supply capacity, provide grounds for optimism that pepper exports to the U.S. will recover in the near term.
According to the Vietnam Pepper and Spice Association (VPSA), the 20% countervailing duty imposed by the U.S. on imports from Vietnam is not expected to pose major challenges for the country’s pepper exporters.
“Vietnam remains one of the world’s most competitive and reliable pepper suppliers,” the association said, adding that global demand remains firm while domestic supply tightens.
NPK/ Vinagri News
No comments:
Post a Comment