China boosts peppercorn import from Viet Nam
VGP - China was the the largest importer of Vietnamese peppercorns in the first half of this year by occupying 32.9 percent, according to figures released by the Viet Nam Pepper Association (VPA).
Specifically, China imported 50,369 tons of peppercorn, or eight-fold increase against the same period from last year.
Experts attributed the sudden rise in Chinese import volume to post-Covid market reopening as the neighboring country reduced peppercorn purchases during the 2021-2022 period.
In the reviewed period, Viet Nam shipped 152,986 tons of peppercorn of all types worth US$485.9 million. Among them, export value of black and white peppercorns reached US$417.9 million and US$68.0 million respectively.
The U.S. was the second largest consumer of Vietnamese peppercorn with the import volume of 25,894 tons, a year-on-year drop of 14 percent, followed by the United Arab Emirates (UAE), India, and Germany.
In 2022, Viet Nam exported more than 226,000 tons of peppercorn earning nearly US$963 million, according to the Ministry of Industry and Trade./.