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Home > News > Food Industry News > Vietnam's spice exports are expected to reach US$1.5 billion in 2022

Vietnam's spice exports are expected to reach US$1.5 billion in 2022

foodmate 2023-01-04

According to the Viet Cong e-Newspaper, on December 21, the Vietnam Pepper Association held a seminar on using the Vietnam-EU Free Trade Agreement to promote the export of pepper and spices in Vietnam.

 
Ms. Hoang Thi Lian, President of the Vietnam Pepper Association (VPA), said that in the context of the world in 2022, there are many fluctuations in geopolitical factors, inflation situation, financial and monetary policies of various countries, etc. However, Vietnam's pepper industry still achieved good results. Vietnam's pepper exports are expected to reach nearly 230,000 tonnes in 2022, down about 13-14% from 2021.
 
However, thanks to the recovery in prices, exports are expected to increase slightly by 2% to about US$970 million (US$950 million in 2021).
 
Overall, there were positive changes in Vietnam's spice industry in 2022. Vietnam's spice exports are expected to reach US$1.5 billion, up from US$1.4 billion in 2021.
 
Ms. Hoang Thi Lian commented that Vietnam's spice industry has stabilized and is entering the world value chain. In view of the achievements in 2022, Ms. Hoong Thi Lian believes that Vietnam's spice industry will maintain a steady pace of processing, production and export. Especially when businesses are fully aware of and ready for EVFTA.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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