Vietnam Import and Export Highlights 2006

4:55:13 PM | 8/14/2006

Pepper Scarcity

According to the ministry of trade, the price of pepper has considerably risen since the early this year and will continue rising in the coming months as the pepper output in some countries is forecast to continue to fall.

The sole current supplier in the world is India. Indonesia has just sold some of its newly harvested pepper. Vietnam has sold 60% of this year’s output, leaving 25,000 tons in the reserve, thus not being able to join the market, while Brazil will not harvest its pepper until October .Additionally, the rumor is that Vietnam, Indonesia and India will have a bad pepper crop due to severe weather and high production cost.

China is emerging as the world largest pepper producing and consuming country and making its great efforts to develop its pepper industry into a key economic sector. As well as accelerating pepper production, China is considering its entry to the world pepper organization to take full advantages of this organization’s action programs. China’s annual pepper consumption reaches 25,000 tons and its production is expected to reach 30,500 tons in 2006.

According to Americans experts, the price of white pepper has increased due to the rising demands. European companies have begun making white pepper from black, which also results in pushing up the price of black pepper.

Vietnam’s pepper price rises as the world price rises. Vietnamese traders are offering between 750 and 775 USD higher for one ton of white pepper than that of black pepper .To date, Vietnam has the reverse of only 25,000 tons, which may continue to fall. Vietnam is seen as the world leading pepper supplier with competitive price and quality. According to the Vietnam pepper association, there may be a decline in pepper supply, however, thanks to the continuous expansion of the growing land, Vietnam still has abundant pepper for export and maintains to be the largest pepper exporter. Vietnam‘s pepper import grew from 9,000 tons in 1990 to 96,000 tons in 2005. Vietnam‘s current pepper output reache an average of100,000 tons per annum, accounting for 50% the world total output.

Rise in Coffee Prices

Early August saw another rise coffee’s price due to the rising export demand and the shortage of the reserve.The purchasing price of coffee robusta class 1 in Lam Dong market rose by 2,000 dong a kilo compared with late July ,at the current price of 21,400 dong per kilo (class 1) and 20,800 dong per kilo (class 2).In Dak Lak, the price of plain coffee is between 19,500 and 19,700 dong a kilo .The price of FOB exported coffee is 1,280 USD per ton ,up 20 USD a ton in comparison with that of late July.

Coffee prices rise as export demands grow and the domestic reserve is in the shortage (estimated 40,000 tons left).The world coffee organization says that coffee prices in Europe will rise again as winter is coming and there is a shortage of coffee supply .On August 3, coffee prices in London in the contract dated June 9 was 1,256 USD/ton ,up 82USD/ton compared with a week ago.

Dramatic Rise in Import of Fiber

According to the estimation of the customs bureau , in the first half of this year,Vietnam ‘s imported fiber reached 161.1 thousand tons ,valued at 249.6 million USD ,up 23,9%in volume and 24.6% in value compared with the same period of last year. Taiwan is the largest market supplying fiber to Vietnamese enterprises. June 2006 saw an increase of 186. 8% in volume and 202.6% in value compared with June 2005, reaching 16.9 thousand tons valued at 23.8 million USD.

The import from Korea, Malaysia and China in the first months of 2006 exceeded 14 thousand tons each. Malaysia reached 14.6 thousand tons, valued at 17.9 million USD ,up10.9% in volume and 6.7% in value.

Vietnam’s fiber import market in the first 6 months of 2006

Countries	Volume(ton)		Value(USD)
	June/2006	First 6 months/2006	June/2006	First 6 months/2006
India	511	2,624	1,163,455	5,864,641
Taiwan	16,988	86,028	23,833,554	116,641,189
Korea	2,910	14,047	4,991.649	24,688,115
Hong Kong	502	2,082	1,734.568	8,755,145
Indonesia	1,332	8,548	2,348,832	14,238,216
Italy	5	64	55,567	503,667
Malaysia	2,175	14,678	2,659,070	17,944,098
America	0	196	0	272,969
South Africa	54	81	161,595	293,717
Japan	202	887	535,427	2,404,434
France	0	35	0	425,138
Singapore	24		105,464	418,879
Thailand	2,987	16,207	4,153,231	22,105,548
china	3,103	14,005	0,071,079	32,330,377

Category

So far, polyester has been imported by Vietnamese enterprises in great volume .The first six months of 2006 reached 11.2 million USD of imported polyester, accounting for 22.7 % of the total import turnover .The second largest volume is synthetic fiber with the value of 6.4 million USD. Other fibers such as nylon, wool and spandex are also imported with great value.
Unit priceThe average price of fiber imported in the first 6 months from Taiwan and China fell slightly compared with the same period of time last year by 5.5% and 8.4% respectively; meanwhile the import price from Korea rose 5.9

(Source: Ministry of Trade)

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