According to the Vietnam Pepper and Spice Association, in the first 3 months of 2024, Vietnam exported 87.4 thousand tons of spices of all kinds, with a turnover of 322.7 million USD. Compared to the same period in 2023, export volume will decrease by 24.1% and turnover will decrease by 4.8%.
Of these, the two main exported spice products are: pepper accounting for 65% reaching 56.8 thousand tons, turnover reaching 235.6 million USD, down 26% in volume and 0.1% in value, cinnamon exports in 3 months accounted for 18.3% market share reaching 16 thousand tons, Turnover reached 46.2 million USD, down 14.6% in volume and 15.7% in value.
Exports of anise, ginger, turmeric, cardamom, and nutmeg also recorded a decrease, only chili export increased 17.6% in volume and 52.8% in value.
The main markets of Vietnamese spices include the US, EU, India and China. While exports to the US and EU are increasing after a long period of decline due to the impact of the economic crisis, exports to India and China are declining, especially Chinese market when pepper exports decreased by 95.8%.
As an industry with 95% of goods for export, promoting the export of spice products to markets is the main and central task of businesses in particular and of the Pepper and Spice Association. Vietnamese taste in general. In which the participation of the food exhibition fair is the main goal.
In addition, being present at international conferences and seminars on agricultural products and food to promote information and introduce the industry is also a focus of the Association. Specifically, every year the Association is approved by the Department of Trade Promotion (Ministry of Industry and Trade) for participation in fairs in Anuga (Germany) and Sial (France).
These are the largest food fairs in Europe, helping businesses promote and introduce products directly to importers around the world.
In addition, at the Gulfood Fair in Dubai every February, the Association organizes a common exhibition booth for participating businesses, especially small and medium-sized enterprises, using their own resources. Industry and Association.
