Vietnam reduces pepper imports from Brazilian market

Statistics show that pepper exports from major producing countries in the world fluctuated in opposite directions, with declines in the world's two leading exporters, Vietnam and Brazil, while Indonesia and India recorded high double-digit growth.

According to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat), in August, Brazil's pepper exports reached 3,685 tons, worth 19.2 million USD, down sharply by 23.8% in volume and 17.8% in value compared to the previous month, and down 28.6% in volume but up 13.5% in value compared to the same period last year.

Vietnam reduces pepper imports from the Brazilian market. Illustrative photo

In the first 8 months of 2024, Brazil's pepper exports reached 45,699 tons with a value of 183.4 million USD. Although the volume decreased by 10.4%, the value increased by 19.3% compared to the same period in 2023. Brazil's average pepper export price increased by 33.2% (1,005 USD/ton) in the first 8 months of the year, reaching 4,033 USD/ton.

Brazil's main pepper export markets in the first 8 months of the year include: Vietnam, UAE, Pakistan, India, Senegal...

Notably, exports to Vietnam - Brazil's largest pepper consumer market - in August fell sharply to the lowest level in many months, reaching only 243 tons, down 48.5% compared to the previous month and down 76.3% compared to the same period last year.

In the first eight months of the year, Vietnam imported 6,625 tons of pepper from Brazil worth US$23.5 million, down 30.2% in volume and 16.4% in value compared to the same period last year. Vietnam's market share in Brazil's total pepper exports also decreased from 18.6% to 14.5% after the first eight months of the year.

Vietnam's pepper import price from Brazil in the first 8 months of the year increased by 19.7%, reaching an average of 3,548 USD/ton. However, this is the lowest price among the top 16 pepper importing countries from Brazil, respectively 300 USD to more than 600 USD/ton lower than other markets.

In the first 8 months of the year, Brazil's pepper exports to other markets also decreased, such as Senegal down 11.8%, Morocco down 15.6%, Egypt down 44.4%, the Netherlands down 30.9%...

In contrast, exports to the UAE increased by 7% during the same period, reaching 5,123 tons and accounting for 11.2% of the market share; Pakistan: 5,055 tons, up 46.2% and accounting for 11.1%; India: 4,944 tons, up 31.9% and accounting for 10.8%; especially exports to the US increased by 10.5 times and reached 2,102 tons...

Source: https://congthuong.vn/viet-nam-giam-nhap-khau-ho-tieu-tu-thi-truong-brazil-349146.html