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China Pepper Market Update

According to the data of Chinese authorities, the country's pepper imports increased sharply in April 2022, up 51.5% compared to April last year. Generally, in the first four months of 2022, pepper imports into China still decreased by 28.5% over the same period in 2021. 
 
In April 2022, China sharply increased pepper imports from Indonesia and Vietnam, but decreased imports from Brazil and Malaysia. In general, in the first 4 months of 2022, China reduced pepper imports from many main sources, excluding Vietnam and Brazil. Currently, Vietnamese pepper accounts for 29% of China's total pepper imports.
 
In the first 17 days of June, 2022, Vietnam pepper exports to the Chinese market reached the highest level, reaching 1,603 tons; followed by the United Arab, Singapore and US markets. Previously, in the first 5 months of the year, this market only absorbed 2,610 tons of pepper.
 
In 2021, the Chinese market imported 38,259 tons of pepper from Vietnam, this number decreased by 31.7% compared to the previous year. Thus, on average, this country absorbs 40,000-50,000 tons of pepper from Vietnam every year. But in the first 5 months of the year, exports to this market only reached less than 3,000 tons.
 
According to experts, pepper exports to the Chinese market continued to skyrocket until the end of the year. This will be the driving force for domestic pepper prices to end the year at 100,000 VND/kg.
 
 
 
 
 
 
 
Source - VPA