Vietnamese pepper and spice exports are expected to reach $2 billion by 2025

The Vietnam pepper association, the President of the Vietnamese pepper association, has been held by the Vietnamese pepper association and a multi-unit group, “Vietnam as a sustainable supplier of pepper and spices,” which is expected to be $2 billion by 2025. Ms. Huang noted that pepper and spices were worth $1.4 billion. These figures may be a bit ambitious in the current situation, but when the market returns to the former state of covid-19, the industry is growing pretty well. Pepper exports have reached $1.1 billion. When demand is high and supply is tight, prices will have a pressure of $2 billion and a total of $2 billion. Li yue, director of the Vietnam pepper association’s office, said the Vietnamese pepper harvest was relatively good in 2023, with a projected production of 200,000 tonnes, up 9.30% from last year. At the same time, according to the international pepper association (ipc), production in other producers, such as Brazil, Indonesia and India, is expected to fall, compared with 2022.According to statistics, Vietnamese pepper and perfume exports totaled $1.4 billion in 2022. In the first quarter of 2023, Vietnam’s pepper exports reached 76,767 tons (a year-on-year increase of 40.5cent) and exports of $235.9 billion (down 7.3cent from a year earlier). Vietnam is one of the world’s leading producers and exporters of pepper and spices, with a global market share of 11%in 2022. Among them, the United States, the European Union, China, India and the Middle East are Vietnam’s main export markets.