Pepper exports to Europe nearly doubled

(VAN) Pepper export to Europe in the first quarter of this year increased strongly in turnover and nearly doubled compared to the same period last year.

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Vietnamese pepper export to the EU nearly doubled in the first quarter. Photo: TL.

According to the Agency of Foreign Trade (Ministry of Industry and Trade), in the first quarter of this year, Vietnam's pepper export value to most market regions increased compared to the first quarter of 2021, except for Oceania, which decreased by 44.6 %. In which, the export speed of pepper to Europe increased the most (up 92.9%) and nearly doubled. Followed by America (up 63.5%); Africa (up 10.3%) and Asia (up 6.4%).

Thanks to such a strong increase, in the total pepper export turnover, the proportion of pepper export to Europe increased from 20.21% in the first quarter of 2021 to 28.08% in the first quarter of 2022. On the opposite side, the proportion of pepper export to Asia accounted for 33.99% of the total export value in the first quarter of 2022, lower than the 44.33% contribution of the first quarter of 2021.

Over the last first quarter, a number of single markets in Europe had triple-digit growth in export turnover of Vietnamese pepper such as Germany, up 178.9%, the Netherlands up 100.1%.

In 2021, the EU imports of pepper from the world market reached EUR 413.74 million ($438.56 million), an increase of 28.3% compared to 2020. In which, the EU imported pepper from Vietnam reached EUR 123 million (USD 130.45 million), up 46.9% compared to 2020. Vietnam's pepper market share accounts for 29.75% of the total import value of the EU, higher than the 25.98% contribution in 2020.

The Agency of Foreign Trade forecasts that in 2022, the EU will continue to increase pepper import from Vietnam.

Author: Son Trang

Translated by Hoang Duy

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