Vietnam: Chili And Pepper Market 2025

Chili And Pepper Market Size in Vietnam

The Vietnamese chili and pepper market totaled $X in 2022, with an increase of 6.8% against the previous year. In general, consumption, however, showed a slight decrease. Chili and pepper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chili And Pepper Production in Vietnam

In value terms, chili and pepper production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average chili and pepper yield in Vietnam totaled less than X kg per ha, remaining relatively unchanged against the year before. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of chilies and peppers (green) were harvested in Vietnam; almost unchanged from 2021. Overall, the harvested area recorded a relatively flat trend pattern.

Chili And Pepper Exports

Exports from Vietnam

In 2022, the amount of chilies and peppers (green) exported from Vietnam contracted modestly to X tons, falling by -2% compared with 2021. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, chili and pepper exports reached $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Cambodia (X tons) and China (X tons) were the main destinations of chili and pepper exports from Vietnam, with a combined 72% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +106.8%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Cambodia ($X) and China ($X) appeared to be the largest markets for chili and pepper exported from Vietnam worldwide, with a combined 72% share of total exports.

Among the main countries of destination, Cambodia, with a CAGR of +113.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2022, picking up by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Vietnam

In 2022, approx. X tons of chilies and peppers (green) were imported into Vietnam; picking up by 15% against the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,135% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports surged to $X in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 1,156% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main chili and pepper supplier to Vietnam, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +61.1%.

In value terms, China ($X) constituted the largest supplier of chilies and peppers (green) to Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +63.1%.

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 34%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +221.1% per year.

Source: IndexBox Platform

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