VINAGRI News - Vietnam’s pepper prices have risen sharply as export turnover hit USD 1.33 billion in just ten months, surpassing last year’s record. With limited domestic supply, the industry may need to import additional volumes to fulfill export orders and aims to exceed USD 1.5 billion in exports by year-end 2025.
Summary:
> Pepper export turnover reached USD 1.33 billion as of mid-October, surpassing 2024’s record.
> Domestic prices climbed to VND 146,000 - 150,000/kg.
> The US, Germany, and India are Vietnam’s top markets; exports to India rose 64.3% in value.
> Vietnam imported over 36,000 tons of pepper due to supply shortages.
> The new harvest in February 2026 is expected to boost supply by 5 - 10%.
Vietnam’s pepper industry is on track to achieve a record export value of USD 1.5 billion in 2025, amid limited domestic supply and rising demand for processed pepper products in the final months of the year.
Domestic prices continue to rise, exports to Europe surge
According to farmers and exporters, domestic pepper prices on November 3 traded between VND 146,000 and 150,000 per kilogram (excluding grading costs), up by VND 500 - 1,000/kg from the previous day. Overall, prices have risen by VND 3,500 - 5,000/kg over the past week.
Major producing regions such as Đắk Lắk, Lâm Đồng, and Gia Lai reported the highest prices at VND 150,000/kg, while Đồng Nai and Ho Chi Minh City recorded slightly lower prices, ranging from VND 146,000 - 148,000/kg, depending on quality.
Data from the Vietnam Pepper and Spice Association (VPSA) showed that in the first 15 days of October 2025, Vietnam exported 9,056 tons of pepper worth USD 59.9 million.
From January 1 to October 15, total exports reached 197,100 tons, valued at USD 1.33 billion, thereby surpassing the full-year record of USD 1.31 billion in 2024.
Industry experts attribute this success not only to rising global prices, but also to greater investment in deep processing and value addition. While output has remained relatively stable, higher export prices have helped sustain strong value growth, pushing the industry toward its USD 1.5 billion export goal for 2025.
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.
Exports to Germany and India surged 43.4% and 64.3%, while exports to the UK doubled compared to the same period last year.
Notably, exports to India reached over 10,000 tons, worth USD 71 million, up 8% in volume and 64.3% in value year-on-year. The average export price to India was USD 7,034 per ton, 50% higher than last year.
Tight domestic supply may prompt more imports
Despite being the world’s largest pepper producer, Vietnam’s domestic supply remains insufficient to meet processing and export demand.
As of mid-October, the country had exported over 197,000 tons, while also importing more than 36,000 tons worth USD 225.7 million, up 51.9% in volume and 121.1% in value from the same period in 2024.
An exporter in Ho Chi Minh City noted that global pepper prices are currently USD 300 - 600 per ton higher than domestic prices, but many companies still have to import to secure sufficient volumes for export contracts - a move that is driving up domestic prices.
According to VPSA, Vietnam’s new harvest season will begin in February 2026, with production expected to increase by 5 - 10% from last year’s 180,000 tons. However, imports are likely to rise further before then to meet export processing needs, which typically grow by 10 - 15% during the year-end period.
NPK/ Vinagri News
No comments:
Post a Comment