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The market share of Vietnamese pepper in the UK and China has increased significantly

 Last Update: 2021-11-12
 Source: Internet
 Author: User

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Vietnam's " Customs Online" reported on November 5 that in the first nine months of this year, the export volume of Vietnamese pepper fell by 3.
2% year-on-year, but the export value increased by 47% year-on-year .
It is worth noting that since the beginning of the year, the market share of Vietnamese pepper in the UK and China has increased significantly .

According to statistics from the General Administration of Customs of Vietnam, due to the negative impact of the fourth wave of the epidemic, Vietnam’s pepper exports in the third quarter of this year fell sharply compared with the second quarter
.
Export volume fell by 36.
5%, and export value fell by 30.
1%
.
However, compared with the third quarter of 2020, the export volume increased by 10.
7%, the export value increased by 66.
9%, reaching 59,300 tons, and the export value reached 223.
44 million U.
S.
dollars
.

In the first nine months of this year, Vietnam’s pepper exports amounted to 213,000 tons, with an export value of 719.
16 million U.
S.
dollars.
The export volume fell by 3.
2% month-on-month, but the export value increased by 47% month-on-month
.

　　The Import and Export Bureau of the Ministry of Industry and Trade of Vietnam conducted in-depth analysis of the British and Chinese markets
.
According to statistics from the International Trade Commission, British pepper imports in the first eight months of this year amounted to US$41.
65 million, a year-on-year increase of 9.
1%
.
Among them, the United Kingdom imported about 16 million US dollars of pepper from Vietnam, an increase of 43.
9%
.
The market share of Vietnamese pepper in the UK increased from 29.
1% in the first eight months of last year to 38.
36% in the first eight months of this year
.

　　The increase in import demand and the advantages of the UK-Vietnam Free Trade Agreement (UKVFTA) have created favorable conditions for Vietnamese pepper to increase in value and penetrate the UK market
.

　　For the Chinese market, according to the statistics of the General Administration of Customs of China, China imported about 41 million US dollars of pepper in the first nine months of this year, a year-on-year decrease of 7.
2%
.
However, China's imports of pepper from Vietnam increased by 10.
9% to US$12.
52 million
.
The market share of Vietnamese pepper in China's total import value has increased from 25.
66% in the first nine months of last year to 30.
54% in the first nine months of this year
.

Customs pepper exports to Britain and China

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