Market share of Vietnamese pepper in the US increased sharply in the first quarter of 2019
According to the Ministry of Industry and Trade, in the first 20 days of May 2019, the price of pepper in the domestic market was stable or decreased compared to April 2019, depending on the locality. On May 20, 2019, the price of pepper in the domestic market was the lowest at 43,000 VND / kg in Chu Se and Dong Nai; highest 45,000 VND / kg in Ba Ria Vung Tau province. According to the statistics of the Plant Protection Department - Ministry of Agriculture and Rural Development, by the end of 2018, the total pepper area in the Central Highlands is over 89,000 ha, about 3,000 ha lower than in 2017. In particular, pepper concentrates mainly in Gia Lai province with nearly 16,300 ha, Dak Nong more than 34,000 ha and Dak Lak more than 36,600 ha. According to statistics from the General Department of Customs, pepper exports in the first 15 days of May 2019 reached 17.3 thousand tons, worth USD 42.3 million, up 0.4% in volume, but decreased by 2 , 2% in value compared to the first 15 days of April 2019, an increase of 61.1% in volume and 21.4% in value compared to the first 15 days of May 2018. Accumulated from the beginning of the year to the end of May 15, 2019, pepper export reached 125.2 thousand tons, worth 325.38 million USD, up 28.5% in volume, but decreased by 4.7% in value. compared with the same period in 2018. The Ministry of Industry and Trade said that in April 2019, pepper export to the US market reached 4.8 thousand tons, worth 13.23 million USD, up 24.3% in volume. , but decreased 3.0% in value compared with April 2018. For the first 4 months of 2019, pepper exports to the United States increased by 31% in volume, but decreased by 6.2% in value over the same period in 2018, reaching 18.6 thousand tons, worth 52.92 million USD. Meanwhile, pepper export in April 2019 to Germany and Thailand increased both in volume and value compared to April 2018 with the growth rate of 55% and 39.8%, respectively. , an increase of 22% and 6.9% in value. With the current export situation, Vietnam is the second largest source of pepper in terms of volume, but is leading in value for the United States in the first quarter of 2019, reaching 11.3 thousand tons, worth 36.6 million. USD, up 35.2% in volume. The share of Vietnamese pepper in the total US imports increased from 15.7% in the first quarter of 2018 to 20% in the first quarter of 2019.