Pepper exports to US reach record high in 2024

This is also the highest record export volume ever recorded, up 21% compared to the 2021 record figure of 59,778 tonnes.

The United Arab Emirates (UAE) ranked second with 16,391 tonnes, up 35.1%; followed by Germany with 14,580 tonnes, up 58.2%; the Netherlands with 10,745 tonnes, up 35.2%; and India with 10,617 tonnes, down 17.1%.

The average export price of black pepper last year witnessed an annual surge of 49.75% to reach US$5,154 per tonne, while that of white pepper rose by 38.9% on-year to US$6,884 per tonne.

Olam Vietnam was the largest pepper exporter last year with 27,800 tonnes, accounting for 11.1% of the total, with exports soaring by 36.9% compared to 2023.

In December alone, the country shipped 15,265 tonnes of pepper of all kinds worth US$100.6 million, down 4.3% in volume and 5.5% in turnover compared to the previous month.

The average export price of black pepper in December reached US$6,476 per tonne, down 0.6%, while that of white pepper stood at US$8,198 per tonne, down 1.1% compared to November.

The US remained Vietnam’s largest pepper export market in December with 4,509 tonnes, accounting for 29.5% and decreasing 11.4% compared to November.

Last year, Vietnam exported 250,600 tonnes of pepper of all kinds with total export turnover reaching US$1.38 billion, down 5.1% in export volume but up 45.4% in export turnover.