Vietnam: Piper Pepper Market 2024

Piper Pepper Market Size in Vietnam

In 2022, the Vietnamese piper pepper market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Piper Pepper Production in Vietnam

In value terms, piper pepper production reduced slightly to $X in 2022 estimated in export price. In general, production recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The average yield of piper pepper in Vietnam fell slightly to X tons per ha in 2022, which is down by X% against the year before. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the yield increased by X%. Over the period under review, the average piper pepper yield hit record highs at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of piper pepper were harvested in Vietnam; approximately equating the previous year's figure. Overall, the harvested area, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to piper pepper production attained the maximum at X ha in 2021, and then shrank modestly in the following year.

Piper Pepper Exports

Exports from Vietnam

In 2022, overseas shipments of piper pepper decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, piper pepper exports amounted to $X in 2022. Overall, exports, however, continue to indicate a mild increase. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for piper pepper exports from Vietnam, accounting for a X% share of total exports. Moreover, piper pepper exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, the United States ($X) remains the key foreign market for piper pepper exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and India (X% per year).

Export Prices by Country

The average piper pepper export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Piper Pepper Imports

Imports into Vietnam

In 2022, piper pepper imports into Vietnam surged to X tons, picking up by X% against the previous year's figure. Overall, imports posted temperate growth. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, piper pepper imports skyrocketed to $X in 2022. Over the period under review, imports showed a notable expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil (X tons), Cambodia (X tons) and Indonesia (X tons) were the main suppliers of piper pepper imports to Vietnam, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Cambodia ($X) and Indonesia ($X) appeared to be the largest piper pepper suppliers to Vietnam, with a combined X% share of total imports.

Among the main suppliers, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average piper pepper import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and India ($X per ton), while the price for Cambodia ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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