Vietnam Pepper Exports: Strong Performance Amidst Challenges in H1 2024
The Vietnamese pepper industry demonstrated resilience in the first half of 2024, with export earnings surging despite a slight dip in export volume.
Key Highlights:
- Export Volume: Vietnam exported 142,586 tons of pepper, marking a 6.8% decrease compared to the same period in 2023. This decrease was primarily attributed to a shortage in supply.
- Export Value: Despite lower volumes, export turnover soared to $634.2 million USD, a substantial 30.5% increase year-on-year. This growth was fueled by higher pepper prices, driven by strong global demand and limited supply.
- Average Export Prices:
- Black pepper: $4,365 USD/ton (922 USD increase compared to H1 2023)
- White pepper: $5,983 USD/ton (1,028 USD increase compared to H1 2023)
- Top Exporters: Olam Vietnam led the pack, followed by Phuc Sinh, Nedspice Vietnam, Haprosimex JSC, and Pearl.
- Leading Markets: The United States remained the largest importer, with exports increasing by 44.6% to 37,435 tons. Germany, UAE, India, and the Netherlands also saw significant growth in imports.
Challenges and Opportunities:
While the industry thrived in terms of export value, it faced challenges due to supply constraints and rising shipping costs. The latter posed a significant hurdle for exporters, particularly smaller businesses.
Prosi Thăng Long’s Position:
Prosi Thăng Long continued to maintain its position as one of Vietnam’s top 10 pepper exporters, contributing to the nation’s strong performance in the global market. Despite the industry-wide challenges, Prosi Thăng Long exported nearly 4 tons of pepper, demonstrating its ability to adapt and thrive in a dynamic environment.
Looking Ahead:
The Vietnamese pepper industry is expected to continue its upward trajectory, with strong demand from international markets driving growth. However, supply constraints and rising shipping costs remain key concerns. It is crucial for exporters to focus on diversifying their markets and adopting innovative solutions to overcome these challenges.
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
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𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Visit Prosi Thăng Long at IFT First Chicago 2024 to Discover the Authentic Taste of Vietnam!
Are you ready for the largest global food science and innovation expo? IFT First Chicago 2024 is the place to be! ✨
With over 1,000 exhibitors, IFT First offers endless opportunities to connect with the best ingredient, equipment, and technology providers in the industry. You’ll get to taste the latest food innovations 🤤, witness groundbreaking solutions at the Innovation Lab 🔬, and network with professionals who can help your business thrive.🤝
Prosi Thăng Long is proud to be a part of this exciting event. With our mission to bring Vietnamese agricultural products to the world 🌎, we operate 7 factories with international standard production processes. We specialize in premium cinnamon, star anise, cashews, pepper, and coconut rice – all sourced from the finest Vietnamese farms. 🌿
Come visit us at booth 4632 to:
- Experience the authentic taste of Vietnam through our high-quality products. 🥢
- Discover the diverse applications of our ingredients in your culinary creations. 🍳
- Explore potential partnerships and collaboration opportunities. 🤝
We can’t wait to see you at IFT First Chicago 2024! 👋
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
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𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
The Journey of Vietnamese Cinnamon: From Golden Forests to the Global Market
Introduction to Vietnamese Cinnamon (Cinnamomum cassia)
In the majestic mountains of Northwest Vietnam, the cinnamon tree (Cinnamomum cassia) thrives in its ideal environment. With mineral-rich soil and a characteristic tropical monsoon climate, Vietnamese cinnamon trees flourish, creating precious “golden forests” that provide abundant raw materials for the spice and fragrance industry.
Vietnamese cinnamon is not only famous for its warm, spicy aroma, but it is also highly regarded by experts for its high content of cinnamaldehyde essential oil. Cinnamaldehyde is a natural compound with antibacterial and antioxidant properties, offering numerous health benefits. As a result, Vietnamese cinnamon is always the top choice for the most demanding markets worldwide.
Diverse Products from the Cinnamon Tree
From a mature cinnamon tree, we can obtain a myriad of valuable products, each with its own unique flavor and uses:
- Cinnamon Bark:
- Whole tube cassia: Thick cinnamon bark, naturally rolled, often used for extracting essential oils or as a raw material for producing other products such as cinnamon powder and cinnamon tea.
- Cigaret cassia: Cinnamon bark cut into small sticks, convenient for daily use in cooking and beverages.
- Split cassia, Press cassia: Thin cinnamon bark split or pressed into pieces, often used as a spice or for food decoration.
- Round/Square Cut: Cinnamon bark cut into shapes as per customer request, often used in decoration or crafts.
- Cinnamon Leaf: Dried cinnamon leaves have a mild aroma, often used to make cinnamon tea or as a spice in cooking, adding a unique flavor to dishes.
- Cinnamon Branch:
- Small cinnamon branches: Often pressed for essential oil or ground into cinnamon powder, with antibacterial and antioxidant effects, used in traditional medicine and cosmetics production.
- Large cinnamon branches: Can be peeled for broken cassia or for essential oil extraction.
- Cinnamon twigs: Cinnamon branches cut into small pieces, often used for decoration or as a spice, adding a touch to living spaces.
- Wood core: The sturdy wood core is used to make handicrafts, fences, or cut into veneer for interior decoration, bringing a luxurious and warm beauty.
The Meticulous Processing Process
To obtain high-quality cinnamon products, Vietnamese farmers have diligently researched and perfected a meticulous processing process:
- Harvesting: Cinnamon trees can only be harvested after 10-15 years of growth. There are two main cinnamon peeling seasons: spring (February-March) and autumn (late July – early August).
- Peeling: Before harvesting, the bark is girdled (a portion of the bark around the base is removed) to prevent the transportation of water and nutrients, making it easier to peel the cinnamon bark from the trunk and ensuring the best quality.
- Sorting and processing: Cinnamon after peeling is classified into 3 types (A, B, C) based on thickness, quality, and essential oil content. Each type of cinnamon is processed using a specific method:
- Type A cinnamon: Dried and packaged or peeled as per request.
- Type B cinnamon: Cleaned, then processed into long cinnamon sticks, square cinnamon pieces, cinnamon tubes, or broken cassia.
- Type C cinnamon: Processed into cinnamon tubes or split cinnamon.
Prosi Thang Long – Vietnam’s Leading Cinnamon Exporter
With modern factories located in key raw material areas such as Yen Bai and Lao Cai, Prosi Thang Long is proud to be Vietnam’s leading cinnamon exporter. We offer a wide range of high-quality cinnamon products to meet the diverse needs of customers worldwide.
Prosi Thang Long is committed to strictly controlling the production, harvesting, and processing of cinnamon according to international standards such as ISO, HACCP, BRC, Kosher, Halal,… We constantly strive to bring customers the best quality cinnamon products, contributing to enhancing the value of Vietnamese agricultural products in the international market.
Contact Us
If you are looking for a reliable cinnamon supplier, Prosi Thang Long is the perfect choice. Please contact us for detailed advice and quotes.
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
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𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Pepper Prices Soar, Creating Challenges for Businesses & Opportunities for Farmers
The global pepper market is on fire! 🔥 Prices have skyrocketed, exceeding 160,000 VND/kg in Vietnam and even surpassing Vietnam’s prices in Brazil. This surge is due to a shortage in supply, impacting markets worldwide.
Skyrocketing Ocean Freight Rates: A New Crisis for Importers and Exporters
Major port congestion alert! Ships are piling up in Asia and Europe, causing delays and potential disruptions to global supply chains. Stay tuned for updates as we monitor this developing situation. #portcongestion #supplychain
Vietnam Pepper Market Update: June 2024 – A Spicy Surge
The Vietnam pepper market is on fire, with prices reaching a scorching 144,000 VND per kilogram. This marks a dramatic 112% increase year-over-year and the highest price in nine years. The rapid ascent has surprised consumers and businesses alike, with pepper now surpassing coffee and cocoa in value. Some even quip that “pepper is rising faster than gold.”
The Heat is On: Supply and Demand Dynamics
High prices haven’t deterred demand. In fact, farmers are holding onto their stock, anticipating further price increases. This is putting pressure on exporters struggling to fulfill contracts. Even established spice exporters to the US and EU are feeling the pinch, rationing their dwindling inventories and cautiously purchasing new supplies.
The current shortage is attributed to low stockpiles in major producing countries like Vietnam, India, and Brazil, coupled with robust global demand. Vietnam’s pepper production is projected to drop further in 2024 due to El Nino, exacerbating the supply crunch.
Global Market: A Fiery Outlook
Vietnam dominates the global pepper market, accounting for 40% of production and 60% of the market share. The global pepper market is valued at approximately $5.4 billion USD and is forecasted to grow at an average of 20% annually from 2024 to 2032.
The US remains Vietnam’s largest pepper export market, followed by China, India, and Germany. The International Pepper Community (IPC) reports rising prices for black pepper in Indonesia and stable prices in Brazil and Malaysia, further fueling the global price surge.
Export Performance: A Five-Month Sizzle
In the first five months of 2024, Vietnam exported 114,424 tons of pepper, including 100,971 tons of black pepper and 13,453 tons of white pepper. The total export value reached 493.1 million USD, with black pepper accounting for 417.7 million USD and white pepper for 75.4 million USD.
The United States remained Vietnam’s largest pepper export market, receiving 30,466 tons. Germany emerged as the second-largest export market, importing 7,532 tons. Other significant markets included India (6,933 tons), the UAE (5,639 tons), the Netherlands (5,067 tons), and China (4,871 tons). Several markets experienced impressive export growth, such as Italy (179.0%), Russia (49.7%), Spain (49.1%), and Egypt (39.0%). Germany, the US, the Netherlands, Thailand, and China were the largest consumers of Vietnamese white pepper.
Prosi: A Rising Star in the Pepper Export Arena
Amidst the market frenzy, Prosi has emerged as a standout performer. As a top 10 Vietnamese exporter, Prosi recorded a remarkable 18.4% increase in exports during the first five months of 2024, reaching 3,021 tons. This achievement underscores Prosi’s growing reputation for quality, reliability, and adaptability in the dynamic pepper market.
The Road Ahead: A Spicy Forecast
Experts predict that the pepper market has entered a new price cycle, expected to last 8-10 years. The current price surge has already exceeded the most optimistic forecasts, and the market shows no signs of cooling down.
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
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𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
Prosi Thang Long Takes Center Stage on VTV, Solidifying Industry Leadership
Prosi Thang Long, a name synonymous with quality and excellence in Vietnamese agricultural exports, recently made a landmark appearance on VTV, the nation’s leading television network. This prestigious showcase not only highlights Prosi’s commitment to transparency and innovation but also underscores its position as a driving force in Vietnam’s thriving agricultural sector.
Prosi Thăng Long Spices Up THAIFEX Anuga Asia 2024 with Flavorful Success
Prosi Thăng Long Spices Up THAIFEX Anuga Asia 2024 with Flavorful Success
39 Vietnamese Companies Flagged for Suspected Export Fraud – VPSA Warns Exporters to Exercise Caution
The Vietnam Pepper and Spice Association (VPSA) has released a list of 39 companies suspected of fraudulent activities in exporting goods. Exporters are urged to exercise extreme caution when dealing with these entities.
According to www.complaintsboard.com, several companies have been identified as potentially engaging in fraudulent practices. For new customers or first-time transactions, it’s recommended to seek assistance from the Vietnamese Trade Office in the respective country to verify the importer’s information.
The pepper and spice industry, in particular, along with the broader agricultural export sector, has been repeatedly targeted by international scams. Recently, the Asia-Africa Market Department (Ministry of Industry and Trade) helped a Vietnamese company resolve a case involving a suspected fraudulent import from the UAE, saving the company from a potential loss of 526,257 USD (approximately 13.4 billion VND).
In 2023, 5 containers of pepper, cinnamon, cashew nuts, and star anise worth nearly half a million USD were scammed in the Dubai market. Thanks to the intervention of relevant authorities, the shipments were recovered, but the costs incurred in pursuing legal action were significant.
VPSA strongly advises businesses to be cautious when dealing with these companies. For first-time transactions or new customers, it’s recommended to seek assistance from the Vietnamese Trade Office in the respective country to verify the importer’s information.
To minimize risks in trade transactions with partners in West Asia, the Ministry of Industry and Trade also recommends that businesses be extremely cautious with large-value contracts and partners found online.
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📜 List of suspected companies
- Yejd Al Taam Food Trading Co., Ltd.
- Ardh Al Nakheel Sharjah Trading Co., Ltd.
- Regal Plus General Trading Co., Ltd.
- Royal Deluxe Food Trading Co., Ltd.
- Oral Star Food Trading Co., Ltd.
- Freshbazaar (No company)
- Dar Al Nukhba Food Trading Co., Ltd.
- Minsa Creative Co., Ltd.
- Galaxy Delight Import Export General Trading Co., Ltd.
- Nam Song Food Trading Co., Ltd.
- Abid Food Supply Services Co., Ltd.
- Arshmaan Food Trading Co., Ltd.
- Organicaa Food Trading Co., Ltd.
- Oral Star Food Trading Co., Ltd.
- EZY Goods Wholesale Co., Ltd.
- Green Nature Food Trading Co., Ltd.
- Green Cell Food Trading Co., Ltd.
- Salat Al Ahlam General Trading Co., Ltd.
- Sohaz Food Trading Co., Ltd.
- Bab Al Shams Food Trading Co., Ltd.
- Green Grape Food Trading Co., Ltd.
- Shahnoor Food Trading Co., Ltd.
- Sky Link Food Trading Co., Ltd.
- Syahm Goods Wholesale Co., Ltd.
- Bright Century Goods Wholesale Co., Ltd.
- Shorooq Al Deira Food Trading Co., Ltd.
- Green House Food Trading Co., Ltd.
- New Marhaba Food Trading Co., Ltd.
- Agro Link Food Trading FZE
- Blue Bay Food Trading Co., Ltd.
- Zafar Iqbal Fruit and Vegetable Trading Co., Ltd.
- Wadi Al Zain Food Trading Co., Ltd.
- Evergreen Food Trading Co., Ltd.
- Muhammad Asim Food and Fish Trading Co., Ltd.
- Green Tower Food Trading Co., Ltd.
- Makhmali Food Trading Co., Ltd.
- Najmat Al Maizan Food Trading Co., Ltd.
- ACP Food Trading Co., Ltd.
- Wahat Al Rawahil General Trading Co., Ltd.
Prosi – Your Trusted Partner in Spice Exports
As a leading and reputable spice exporter in Vietnam, Prosi is committed to upholding the highest standards of integrity and transparency in all our dealings. We prioritize building long-term relationships with our partners based on trust and mutual success. Contact us today to learn more about our premium cinnamon and star anise products.
#ProsiThangLong#Prosi#GlobalTrade#VietnamSpices#VietnamNuts#Pepper#Cashew#Cinnamon#Coconut#StarAnise#VietnamExporter
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𝐏𝐫𝐨𝐬𝐢 𝐓𝐡𝐚𝐧𝐠 𝐋𝐨𝐧𝐠 – 𝐒𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐍𝐮𝐭𝐬 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫 𝐚𝐧𝐝 𝐄𝐱𝐩𝐨𝐫𝐭𝐞𝐫
𝐀𝐝𝐝𝐫𝐞𝐬𝐬: 4th Floor, Kim Anh Building, No 78 Duy Tan, Cau Giay, Ha Noi
𝐄𝐦𝐚𝐢𝐥: Sales@prosi.com.vn
𝐎𝐟𝐟𝐢𝐜𝐞 𝐇𝐨𝐭𝐥𝐢𝐧𝐞: (+84) 9858 17797
𝐘𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭𝐞𝐝 𝐩𝐚𝐫𝐭𝐧𝐞𝐫 𝐢𝐧 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐬𝐩𝐢𝐜𝐞𝐬 𝐚𝐧𝐝 𝐧𝐮𝐭𝐬
THAIFEX Anuga Asia 2024: A Global Food & Beverage Showcase – Discover Premium Vietnamese Ingredients with Prosi Thang Long
Bangkok, Thailand (28 May – 1 June 2024): The future of the food and beverage industry is converging in Bangkok this May at THAIFEX Anuga Asia 2024. As Asia’s largest and most influential trade fair, this event unites over 2,700 exhibitors from 40+ countries, offering a platform for innovation, networking, and discovering emerging trends.
Amidst this vibrant showcase, Prosi Thang Long, a leading Vietnamese exporter, invites you to experience the rich flavors and premium quality of Vietnamese ingredients at booth 6-H44 IMPACT Muang Thong Thani, Bangkok, Thailand..
Discover Our Premium Selection:
- Cashew Nuts: Indulge in the creamy texture and delicate flavor of our premium cashews.
- Black Pepper: Elevate your dishes with the bold aroma and complex spice of Vietnamese black pepper.
- Cassia Cinnamon: Experience the warm, sweet notes of our fragrant cassia cinnamon.
- Star Anise: Add a unique licorice-like flavor and visual appeal with our star anise.
- Desiccated Coconut: Enhance your recipes with the natural sweetness and tropical essence of our desiccated coconut.
Why THAIFEX Anuga Asia 2024?
- Global Connections: Forge partnerships with leading food and beverage professionals from around the world.
- Innovation Hub: Explore the latest trends, technologies, and solutions shaping the industry.
- Business Growth: Discover new opportunities and strategies to drive your business forward.
Why Prosi Thang Long?
- Uncompromising Quality: We source the finest ingredients from trusted Vietnamese farms.
- Sustainable Practices: We prioritize responsible sourcing and environmental stewardship.
- Customer-Centric: Your satisfaction is our top priority.
Join Us at THAIFEX Anuga Asia 2024:
Don’t miss the chance to taste the authentic flavors of Vietnam and explore the potential of our premium ingredients for your business. Visit Prosi Thang Long at booth 6-H44 IMPACT Muang Thong Thani, Bangkok, Thailand from May 28th to June 1st.
#THAIFEXAnugaAsia #ProsiThangLong #VietnameseIngredients #PremiumQuality #FoodInnovation