According to the latest Agribusiness Market News issued on May 12 by the Center for Industry and Trade Information and the Import-Export Department (Ministry of Industry and Trade), Vietnam’s pepper exports in the first four months of 2025 reached 73.65 thousand tons, valued at USD 508.36 million. This marks an 11.3% decrease in volume but a significant 44.4% surge in value compared to the same period last year.
The United States remains Vietnam’s largest pepper export market, accounting for 24.12% of the total volume and 26.07% of the total export value. However, exports to this market witnessed a 22% decline in the past four months.
In contrast, Vietnam’s pepper exports to Germany and India increased. Notably, pepper exports to Germany in the first four months reached 6,665 tons, valued at over USD 49 million, representing a substantial 21% rise in volume and an impressive 87.8% jump in value.
The export volume share to Germany increased to 9.05% of the total, with a value share of 9.7%, up from 6.64% and 7.46%, respectively, in the same period last year. Similarly, the export volume share to India rose to 7.83%, with a value share of 8.1%, from 6.7% and 6.36% in the corresponding period last year.
Citing data from the European Statistics Agency, the newsletter revealed that Germany’s imports of pepper from non-EU countries in the first two months of 2025 amounted to 3,150 tons, worth USD 21.58 million. This indicates a 16.8% increase in volume and a significant 90.5% surge in value year-on-year.
The average import price of pepper in Germany from non-EU countries in the first two months of 2025 stood at USD 7,700 per ton, reflecting a 63% increase compared to the same period in 2024. Notably, the average import price of pepper from Vietnam to Germany increased by 75.5%, reaching USD 8,028 per ton.
Consequently, Vietnam’s pepper import prices in Germany were higher than those from other major non-EU suppliers, including Brazil (USD 6,805 per ton) and India (USD 6,504 per ton).
Vietnam was the largest non-EU supplier of pepper to Germany in the first two months of 2025, accounting for 59.7% of the total import volume and 62.2% of the total import value. Brazil followed with a 30.2% volume share and a 26.7% value share.
Contrary to global pepper price trends, domestic pepper prices in early May 2025 witnessed a notable increase compared to April 2025, ranging between VND 153,000-155,000 per kg, an increase of VND 4,000-6,000 per kg.
Considering the current supply and demand dynamics, industry experts predict a slight increase in pepper prices from mid-May to early June 2025 as export enterprises complete their second-quarter delivery contracts. Additionally, increased imports from European and Middle Eastern markets for festive and tourist seasons, coupled with potential weather-related supply disruptions from Brazil, may lead to a mild recovery in global pepper prices. However, the projected increase is modest, ranging between VND 500-1,000 per kg, and remains dependent on exchange rates and logistics factors.
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