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Ministry of Industry and Trade: Exporting pepper to the US may be difficult due to the 4th wave of COVID-19

23 July 2021

The Import-Export Department (Ministry of Industry and Trade) said that according to statistics from the American Center for International Trade, in the first five months of 2021, the US imports of pepper from Vietnam reached approximately 23 thousand tons, worth approximately 23 thousand tons tons, worth 72.84 million USD, down 18.1% in volume, but up 14.3% in value over the same period in 2020.Vietnam's pepper market share in total US imports decreased from 65.8% in the first 5 months of 2020 to 64% in the first 5 months of 2021.The Import-Export Department said that the US is a fairly stable pepper import market. In fact, the US market always imports pepper from Vietnam on the condition that CNF - the seller will pay for shipping, with all risks of shipping costs borne by the Vietnamese business. The term of the delivery contract always ranges from 1 month or more. Can be proactive about the source businesses of goods, but with the transportation stage, it is difficult in the context of the complicated COVID-19 epidemic.

In the short term, Vietnam's pepper exports to the US market will face difficulties due to the impact of the 4th COVID-19 wave. According to statistics, US pepper imports in the first 5 months of 2021 reached 35.6 thousand tons, worth 118 million USD, down 16.4% in volume, but up 42.9% in value compared to the previous year. same period in 2020.The average import price of US pepper in the first 5 months of 2021 reached USD 3,307/ton, up 43% over the same period in 2020. In which, the US pepper import price increased from most supply markets. grant. The structure of the pepper supply market to the US in the first 5 months of 2021 has changed. The US reduced pepper imports from Vietnam and Brazil markets, but increased from Indonesia, India, and China.

Source:According to VietnamBiz

 

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