VIETNAM PEPPER INDUSTRY Q3/2018

Pepper is the most commonly used spice in the world today, which is a high-grade spice, occupying the leading role (about 34%) of total spice production traded in the world. The phenomenon of hot growth of pepper can lead to imbalance in supply and demand in the future when supply growth exceeds demand. Pepper consumption is mainly concentrated in areas with cold winters because pepper is a preferred food item in Western food due to its attractive aroma, moderate spicy level and very good effect in warming the body. The demand for pepper in the world is increasing, which makes the trade in pepper also exciting.

Pepper industry is one of the agricultural sectors that make an important contribution to the entire agricultural sector of Vietnam. Pepper industry in Vietnam has grown too hot in recent years, many households follow the movement has put pepper plantation on the wrong land and soil so easily flooded, acid sulfate, poor nutrition This causes the plant to lose nutritional balance, lose the ability to resist natural.

The area planted to pepper by the end of June 2018 was up to xxx thousand hectares, an increase of 16.5% compared to the end of 2017, mainly from the collective units, private units. Pepper output in Vietnam has doubled over the past decade, with a CAGR of 11.2% between 2009 and 2017, accounting for 38% of global pepper production. Pepper output in the first 6 months of 2018 is estimated at xxx.x thousand tons, up 6% compared to the end of 2017. Pepper produced in Vietnam is mainly black pepper with the proportion of 89% of total Pepper output and proportion of white pepper were 11%. Pepper consumption in Vietnam in 2018 is forecasted at 7,000 tons, up 12.9% compared to 2017.

In the first 6 months of 2018, Vietnam exported xxx.x thousand tons of pepper of all kinds up 5.2% over the same period in 2017. Vietnam pepper has been exported to nearly 80 countries and territories. In particular, the export of high quality goods to the US and EU countries is increasing. Average pepper export price of Vietnam boom strongly in the period 2012 to 2015, after a sharp decline from the end of 2015 to now. The export turnover of many enterprises is declining because the average export price of pepper in 2017 decreasing continuously from the end of 2016 has affected the business results.

Abbreviations
Executive summary
1. Business environment                              
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Trade agreements
2. World pepper market
2.1. Current situation of production
2.1.1. Definition and classification
2.1.2. Production
2.2. Consumption
2.3. Pepper Import – Export
2.3.1. Export
2.3.2. Import
2.4. Price movement of some types of pepper
2.5. Pepper markets in some countries
3. Vietnam pepper market
3.1. History of industry formation and development
3.2. Value chain of the industry
3.3. Production process and technology
3.4. Current situation of production
3.5. Consumption
3.6. Pepper Import – Export
3.7. Price movement of some types of pepper
3.8. Methods of purchase and payment
4. Industry overview
4.1. Risk Analysis and SWOT Analysis
4.1.1. Risk Analysis
4.1.2. SWOT Analysis
4.2. Development planning and forecast of pepper industry
4.2.1. Industry planning
4.2.2. Forecast
5. Enterprise analysis
5.1. Enterprise introduction
5.2. Enterprise analysis
6. Appendix

Olam Vietnam Co., Ltd.
Intimex Group
Phuc Sinh Joint Stock Company
Pearl Trading Service and Import Export Joint Stock Company
Nedspice Processing Vietnam Company Limited
Petrolimex International Trading Joint Stock Company
Hanoi Production Services Import Export Joint Stock Company
Lien Thanh Joint Stock Company
DK Commodity Co., Ltd.
Harris Freeman Vietnam Company Limited

List of figures
Figure 1: GDP growth, 2012 – 6M/2018
Figure 2: Gross output of agriculture, forestry and fishery at comparative prices (2010), 2015 – 2018
Figure 3: VND/USD exchange rate, 2013-6/2018
Figure 4: Average lending rate, 2012 – 6M/2018
Figure 5: Import – Export, 2015 – 6M/2018
Figure 6: Value share of pepper industry contributing to Vietnam’s export turnover, 2010 – 6M/2018
Figure 7: Global pepper production by type, 2012-2018f
Figure 8: Growth in world’s new pepper growing area over the years, 2014 – 2018f
Figure 9: Structure of global black pepper production by country, 2018f
Figure 10: Structure of global white pepper volume by country, 2018f
Figure 11: Pepper consumption structure by region, 2018f
Figure 12: Pepper consumption worldwide, 2012 – 2018f
Figure 13: Pepper consumption in world’s largest pepper producing countries, 2016 – 2017e
Figure 14: Global pepper exports and export growth, 2010-2017e
Figure 15: Top countries that exported the largest quantity of pepper (tons), 2016 – 2017e
Figure 16: Global pepper imports and import growth, 2012-2017e
Figure 17: Top countries that imported the largest quantity of pepper (tons), 2016 – 2017e
Figure 18: Export prices of pepper in main producing countries by month, 1/2016-5/2018
Figure 19: Pepper’s spot price movement at Kochi-India trading floor, 1/2016 – 6/2018
Figure 20: Black pepper volume structure in Indonesia by region, 2017e
Figure 21: Pepper volume in Indonesia, 2017e
Figure 22: White pepper volume structure in Indonesia by region, 2017e
Figure 23: Pepper import and export in Indonesia, 2006 – 2017
Figure 24: Pepper production in India, 2017e
Figure 25: Pepper consumption in India, 2017e
Figure 26: Structure of pepper import markets of India, 2017
Figure 27: India’s pepper import and import, 2012-2017
Figure 28: Structure of pepper export markets to India, 2017
Figure 29: Brazil’s pepper production and consumption, 2017e
Figure 30: Pepper production structure by type, 2017
Figure 31: Brazil’s pepper export by type, 2017
Figure 32: Brazil’s monthly pepper export, 2010 – 2017
Figure 33: Structure of Brazil’s pepper importers, 2017
Figure 34: Structure of pepper cultivation in Vietnam, 2017
Figure 35: Pepper cultivation area in Vietnam, 2009 – 6M/2018
Figure 36: Pepper production in Vietnam, 2011-6M/2018e
Figure 37: Pepper structure by type, 2017
Figure 38: Distribution structure of pepper volume in Vietnam, 2017
Figure 39: Pepper consumption in Vietnam, 2011-2018f
Figure 40: Pepper exports and export turnover in Vietnam, 2011 – 6M/2018
Figure 41: Structure of Vietnam’s pepper importers by volume, 6M/2018
Figure 42: Pepper export volume by country, 6M/2017-6M/2018
Figure 43: Structure of exported pepper by type, 6M/2018
Figure 44: Structure of exported pepper by processing step, 2017e
Figure 45: Structure of Vietnam’s pepper export by type of enterprise, 2013 – 6M/2018
Figure 46: Top 10 largest pepper export enterprises in Vietnam, 6M/2018
Figure 47: Structure of Vietnam’s pepper import by type, 2017e
Figure 48: Vietnam’s pepper import, 2010 – 2017e
Figure 49: Top pepper importing countries by value,(USD), 2016 – 2017
Figure 50: Average monthly export price of pepper, 1/2017- 6/2018
Figure 51: Export price movement of pepper in Vietnam, 1/2017-6/2018
Figure 52: The wholesale price of black pepper by month, 1/2017 – 6/2018
Figure 53: The wholesale price of black pepper by week, Q2/2018
Figure 54: Forecast for pepper export volume, 2015 – 2020f
Figure 55: Net revenue from goods sold and services provided, 2016-2017
Figure 56: Gross profit and gross profit margin of enterprises, 2016-2017
Figure 57: Sales expenses/Net revenue, 2016-2017
Figure 58: Administrative expenses/Net revenue, 2016-2017
Figure 59: Financial expenses/Net revenue, 2016-2017
Figure 60: Asset structure, 2017
Figure 61: Capital structure, 2017
Figure 62: Solvency ratios, 2016-2017
Figure 63: Asset use efficiency, 2017

List of tables
Table 1: Differences between black pepper and white pepper
Table 2: Pepper harvest time in major pepper producing countries
Table 3: Equipments used in black pepper processing line
Table 4: ASTA Standards
Table 5: IPC Standard Specifications for Black Pepper
Table 6: IPC Standard Specifications for White Pepper
Table 7: Time and schedule of pepper harvest of Vietnam’s pepper regions
Table 8: Top pepper exporting enterprises in 2017