Russia increases imports of Vietnamese peppers
  • | VOV | January 08, 2021 03:07 PM
Russia moved to ramp up pepper imports from major markets, including Vietnam, along with India and Indonesia, during the past 10 months of last year, with imports from the country reaching 6,100 tonnes worth US$15.54 million, according to the Russian Federal Customs Service.

Illustrative photo.

This figure represents a rise of 7.9% in volume and 9.7% in value compared to the same period from 2019. The market share of Vietnamese peppers in terms of total Russian imports makes up 74.7% during the reviewed period, far higher than regional rivals India who account for only 12.17% of the market share.

According to the Import and Export Department under the Ministry of Industry and Trade, the nation’s pepper exports in 2020 stood at an estimated 288,000 tonnes, worth US$665 million, representing an increase of 1.2% in volume but down 6.8% in value against the same period from 2019.

The average pepper export price in December, 2020, is estimated to be at US$2,696 per tonne, an increase of 2.2% from the previous month and a rise of 11.9% compared to December, 2019. Indeed, the average export price of peppers last year was estimated to be at US$2,313 per tonne, a decline of 7.9% compared to 2019.

Statistics released by the General Department of Vietnam Customs reveal that black pepper exports during the past 11 months of last year reached 218,800 tonnes worth US$460.38 million, an annual rise of 3.3% in volume and a fall of 7.4% in value.

The strong export growth of black peppers was recorded in several major markets, including China, the United States, the UK, and Egypt, while exports of the item to India, Germany, Iran, Nepal, and Turkey, experienced a downward trajectory.

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