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Vietnam Rubber Exports 2023: China’s Dominance in the Market

 

Vietnam’s rubber exports in 2023 reached approximately 2.14 million tons, valued at $2.89 billion, showing a slight decrease in volume and a 12.7% drop in value compared to 2022. China continues to be Vietnam’s largest rubber import market.

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China: The Largest Consumer of Vietnam Rubeer

Vietnam’s Black Pepper Export Statistics

In 2023, Vietnam exported 266 thousand tons of various types of black pepper, with a total export turnover of 910 million USD. Compared to 2022, the export volume increased by 16.3%, but the export turnover decreased by 6.2%. The average export price of Vietnamese black pepper was around 3,420 USD/ton in 2023, down 19.4% compared to 2022.

 

Quality of Black Pepper and Export Standards

Vietnamese black pepper is renowned for its high quality, meeting strict international standards. Particularly, the pepper-growing regions like the Central Highlands and the Southeast are known for their superior quality due to suitable soil and climate conditions.

 

EU: Vietnam’s Largest Black Pepper Import Market 

The EU is Vietnam’s largest black pepper import market, accounting for 32.23% of the EU’s total black pepper imports from the world in the first nine months of 2023. However, black pepper exports to the EU decreased by 9.9% in volume and 26.8% in value compared to the same period in 2022.

Export Markets
The EU market accounted for the largest share with 35% of total coffee exports, reaching $1.48 billion, a 0.7% decrease from 2022. Many markets saw significant growth compared to 2022, such as Denmark, the Netherlands, and Portugal. Other markets remained stable, including Japan, China, the US, and Russia. Coffee exports also saw strong growth in emerging markets like Indonesia, Algeria, Myanmar, and New Zealand.

USA: A Potential Market for Black Pepper Export

 

The USA is Vietnam’s second-largest black pepper import market, accounting for 74.01% of the USA’s total black pepper imports from the world in the first ten months of 2023. However, black pepper exports to the USA decreased by 29.8% in value compared to the same period in 2022.

Emerging Markets: New Opportunities

 

Besides the EU and the USA, Vietnam is boosting black pepper exports to emerging markets like China. The export turnover of black pepper to China increased by 188.2% in the first eleven months of 2023. Other markets such as Turkey, Saudi Arabia, and Australia also showed promising growth.

Conclusion

 

Vietnam’s black pepper export market faces significant opportunities but also numerous challenges. By enhancing product quality, expanding markets, and investing in research and development, Vietnam’s black pepper industry can continue to thrive. Let’s strive together to maximize this potential. If you are a business in the black pepper industry, seize the opportunity and invest in product quality today to conquer international markets! To leverage the power of the global import-export data platform, schedule a free demo with our TradeInt platform.

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To learn more about the topics discussed in this blog post, you can explore the following additional resources:

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  2. Unveiling the Superiority of TradeInt over MarketInsideData: A Comprehensive Comparison
  3. Unveiling the Superiority of TradeInt over TenData: A Comprehensive Comparison
  4. What is Trade Data? Understanding Import and Export Data
  5. Unlocking Trade Insights with Mirror Data
  6. Understanding the Legality of Trade Data Platforms
  7. Trade Data Confidentiality: Understanding TradeInt’s Approach
  8. Understanding Trade Data Discrepancy: Causes and Implications
  9. TradeInt Online Trade Database Platform Release
  10. Trade Intelligence Global Pte Ltd: Innovative Global Trade Services
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About Trade Intelligence Global Pte. Ltd.

Trade Intelligence is a distinguished leader in global trade solutions, delivering exceptional results for businesses worldwide. With a focus on excellence, innovation, and client success, Trade Intelligence Global empowers businesses to thrive in today’s interconnected global economy. To find out more, visit https://tradeint.com.

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