Vietnam witnesses chili pepper export growth in first quarter of 2024
“In the initial quarter, Vietnam experienced a notable increase in chili pepper exports, with a volume of 3,141 tons and a value of US$8.1 million, marking a growth of 17.6% in volume and 52.8% in value compared to the same timeframe in 2023. This data, provided by the Vietnam Pepper Association (VPA), highlights a sustained high price for chili peppers, averaging $2,610 per ton, a 28% increase year-on-year.
The majority of these exports, nearly 88%, were directed towards China, totaling 2,753 tons, while Laos accounted for 7% with 259 tons. Chili peppers, among other agricultural commodities, possess substantial economic importance, with a global trade value of $35 billion annually. The Asia-Pacific leads in chili production and trade, with China as the top exporter. Vietnamese chili peppers are distinguished by their spiciness and variety. The previous year saw Vietnam’s chili exports reaching $20 million from 10,173 tons, a 107% increase from the prior year. The Mekong Delta region, recognized as the chili cultivation “capital” in Vietnam, along with the Central Highlands, contributes significantly to the country’s chili production.”
*This article is excerpted from freshplaza.com website, published April 24, 2024