Pepper exports to Germany skyrocket in eight months

August alone witnessed the country export 1,080 tonnes of pepper worth US$6.4 million to the German market, marking a drop of 24.4% in volume and 29.2% in value compared to the previous month, but up 74.2% in volume and 2.4 times in value compared to the same period from last year.

Germany has risen to become Vietnam's second largest pepper export market after the United States, with its market share increasing from 3.3% in the same period to 6.6% in the opening eight months of the year.

According to data released by the European Statistical Office (Eurostat), Germany's pepper imports have been also increasing significantly with 12,029 tonnes worth EUR57.6 million by the end of June this year, up 25.4% in volume and 31.4% in value on-year.

Germany is currently the largest pepper importer in the EU with Vietnam being the largest supplier to the Central European nation.

Accordingly, Germany's pepper imports from the Vietnamese market in the first half of the year reached 6,652 tonnes, up 67.7% over the same period from last year and accounting for 55.3% of the country's total pepper imports,

The export price of Vietnamese pepper in the German market stood at an average of US$4,420 per tonne, up 11.3% on-year, higher than the figure of US$4,074 per tonne of Brazil, the main competitor in this market.

Statistics indicate that the country exported 182,930 tonnes of pepper worth nearly US$878 million during the eight-month period, down 2.7% in volume but up 42.8% in value against the same period from last year.