+84 (24) 3200 3356Vietnam Pepper Market Update in June 2025: Prices Drop, Value Surges 40%ย
Written by Jennie
June 20th, 2025
The Vietnamese pepper market has experienced a rollercoaster first half of 2025. While total export volume decreased by ๐ญ๐ฎ% year-over-year, the export value increased sharply by ๐ฐ๐ฌ.๐ฑ%, signaling a complex trade landscape shaped by shifting demand, rising prices, and global uncertainty.
Export Volumes Drop, But Value Surges
From January to May 2025, Vietnam exported approximately ๐ญ๐ฌ๐ฌ,๐ฒ๐ต๐ฏ tons of pepper, including both black and white varieties. Black pepper accounted for 86,241 tons, while white pepper reached 14,452 tons. Despite the drop in quantity, the total export value surged to ๐จ๐ฆ๐ ๐ฒ๐ต๐ฏ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป, driven by higher average prices. Specifically, black pepper reached an average of ๐จ๐ฆ๐ ๐ฒ,๐ณ๐ณ๐ด/๐๐ผ๐ป, while white pepper rose to ๐จ๐ฆ๐ ๐ด,๐ฒ๐ต๐ฑ/๐๐ผ๐ป, both marking an increase of over USD 3,000/ton compared to the previous year.
Domestic Prices Show Signs of Weakness
On the domestic front, pepper prices have been falling gradually since early June, largely due to weak short-term demand and high stockpiles accumulated in earlier months. Farmers and traders have become more cautious, with many holding back supplies or switching to more profitable crops like durian and coffee. As a result, local trading activity has slowed, reflecting a broader wait-and-see sentiment across the industry.
Vietnam's Pepper Remains Price-Competitive Globally
At the global level, Vietnamโs black pepper is currently priced between ๐จ๐ฆ๐ ๐ฒ,๐ฏ๐ฌ๐ฌโ๐ฒ,๐ฐ๐ฌ๐ฌ/๐๐ผ๐ป, remaining competitive compared to Brazil (USD 6,175) and Indonesia (USD 7,500). Meanwhile, white pepper from Vietnam stands at ๐จ๐ฆ๐ ๐ต,๐ฏ๐ฌ๐ฌ, still lower than that of Indonesia (USD 10,132) or Malaysia (USD 11,850). This price positioning could offer opportunities for buyers seeking both quality and cost-effectiveness.
Trade and Tariff Uncertainty Ahead
However, the short-term outlook remains uncertain. The U.S. is expected to apply a ๐ฐ๐ฒ% tariff on Vietnamese pepper starting July 9, a policy shift that may either dampen or accelerate trade flows depending on buyer strategy. In addition, ongoing geopolitical tensions in the Middle East, including disruptions around the Strait of Hormuz, are pushing freight costs higher and delaying shipments. Combined with unusual weather patterns affecting yields, these factors are contributing to a highly volatile market environment.
Mid-Year Forecast: Price Stabilization or Further Shakeups?
Looking ahead to the second half of 2025, the market may stabilize or even rebound as Brazil and Indonesia conclude their harvests and demand from MENA, the EU, and China gradually recovers. However, any recovery will depend heavily on global shipping conditions, trade policy clarity, and inventory levels.
In this environment, both buyers and exporters are advised to monitor developments closely and consider forward contracts to secure favorable prices before potential spikes occur.
At ๐๐ฎ๐ป๐ณ๐ถ๐บ๐ฒ๐ , we continue to support global partners with real-time insights, flexible sourcing plans, and reliable shipments โ even when the market is at its most unpredictable.
๐ฉ Reach out today to discuss forecasts, pricing, or contract plans.
sales1@hanfimex.com
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