Vietnam’s pepper market delivered an impressive performance in 2025, marking a new chapter in the nation’s dominance of the global spice trade. Backed by robust international demand, the country witnessed a double-digit surge in both export volume and export value. Annual export figures hit 247,482 tonnes for black pepper, with revenues touching USD 1.46 billion—a growth of over 20% compared to 2024. This notable increase underscores Vietnam’s strategic investments in its pepper sector, especially as processing capabilities improve to add more value before export. Average export prices reached new highs in December 2025, bolstered by tighter supply and sustained buying interest from key markets—most notably the United States, UAE, China, India, and Germany. While export volumes experienced a marginal year-on-year decline, soaring international prices ensured a healthy uplift in export earnings.
As Vietnam’s domestic industry further expands its processing and technological prowess, stakeholders remain optimistic, albeit vigilant, given ongoing challenges like fluctuating global demand and quality requirements. With value-added production gaining pace and the nation’s competitive edge sharpening, Vietnam appears well placed to retain its leading position in the pepper market going forward.
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Pepper powder
black
FOB 9.00 €/kg
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Pepper
white whole
FOB 7.30 €/kg
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Pepper
green dehydrated
FOB 8.75 €/kg
(from LK)
📈 Prices
| Type | Origin | Location (FOB) | Latest Price (EUR/kg) | Prev. Price (EUR/kg) | Change | Offer Link |
|---|---|---|---|---|---|---|
| Pepper powder (black, organic) | India | New Delhi | 9.00 | 9.00 | 0.0% | View |
| Pepper (white whole, organic) | India | New Delhi | 7.30 | 7.25 | +0.7% | View |
| Pepper (green, dehydrated, organic) | Sri Lanka | Sri Jayawardenepura Kotte | 8.75 | 8.70 | +0.6% | View |
| Pepper (black 600 g/l, clean) | Vietnam | Hanoi | 6.65 | 6.60 | +0.8% | View |
| Pepper (black 500 g/l, clean) | Vietnam | Hanoi | 6.35 | 6.30 | +0.8% | View |
Market Sentiment: Bullish. Export prices are firm, especially from Vietnam, as global demand continues to outpace available stocks despite moderate volume corrections.
🌍 Supply & Demand
- Vietnam Export Volume (2025): 247,482 tonnes black pepper, 35,203 tonnes white pepper
- Export Value: USD 1.46 billion, a 20.5% year-on-year increase
- Major Buyers: United States (55,082 t), UAE (22,232 t), China (19,923 t), India (12,499 t), Germany (11,820 t)
- Processed Pepper Exports: 42,688 tonnes domestically processed and exported
- Supply Dynamics: Though volumes slipped slightly versus 2024, value surged due to higher global prices
📊 Fundamentals & Industry Drivers
- Production Trend: Expansion in processing capacity is raising the proportion of value-added exports
- Pricing Power: December 2025 saw record prices (USD 6,485/t for black; USD 8,565/t for white pepper), mainly on strong global demand
- Competitiveness: Investment in processing technology is helping Vietnamese suppliers compete on quality and price
- Challenges: Industry faces volatile demand, strict international standards, and price-driven competition
☁️ Weather Outlook & Regional Impact
- Vietnam (Central Highlands): Weather generally favorable in late 2025, supporting yield stability and quality
- Risk Factors: Minor concerns remain over possible El Niño impact and localized drought risks in early 2026 but not acute for current shipments
- India, Brazil: Stable weather patterns; no significant threat to upcoming crops
Weather is expected to remain generally supportive for the next two months, limiting upside risk for raw material prices in the short term.
🌐 Global Production & Stocks
| Country | 2025 Export Volume (t) | Share (%) |
|---|---|---|
| Vietnam | 247,482 | ~42 |
| Brazil | 70,000* | 12 |
| India | 60,000* | 10 |
| Indonesia | 33,000* | 6 |
| Others | 185,000* | 30 |
*Estimated. Vietnam remains the undisputed leader in global pepper exports, with increasing value addition supporting market share even as competitors try to close the gap.
📅 Trading Outlook & Recommendations
- Prices are expected to remain firm through Q1 2026, with only moderate supply-side easing anticipated
- Buyers should consider covering forward requirements soon, as further price appreciation is likely if demand remains robust
- Sellers in Vietnam enjoy a competitive edge—value-added and processed pepper exports offer premium pricing opportunities
- Watch for rapid changes in weather patterns and international trade regulations, which could disrupt supply chains or trigger speculative buying
- Monitor Indian and Brazilian crop updates going into Q2 for possible shifts in global pricing dynamics
⏳ 3-Day Regional Price Forecast
| Product | Region | Current Price (EUR/kg) | 3-Day Forecast | Sentiment |
|---|---|---|---|---|
| Black Pepper (clean, 600g/l) | Vietnam (Hanoi, FOB) | 6.65 | 6.65 – 6.70 | Bullish / Stable |
| White Pepper (whole, organic) | India (New Delhi, FOB) | 7.30 | 7.30 – 7.35 | Firm / Gradual Upside |
| Pepper Powder (organic) | India (New Delhi, FOB) | 9.00 | 9.00 | Stable |









