VIETNAMESE PEPPER INDUSTRY

Pepper is the most popular spice in the world today, is a high-grade spice, taking a leading role (about 34%) in the total value of spice production traded in the world. The demand for pepper in the world is increasing, making commercial activities in the pepper market vibrant. The world pepper prices fluctuate based on the price fluctuations in large pepper exporting countries such as Vietnam, Brazil, Indonesia, India.

The pepper industry is one of the agricultural sectors that makes an important contribution to Vietnam’s agricultural sector. The area of pepper in Vietnam has continuously increased strongly from 2012 to 2018 with the annual CAGR of 20.24% due to the strong increase in pepper price in the period of 2012 – 2015, making farmers in pepper growing regions continuously expand new plant area.

Vietnam’s pepper output grew continuously with an estimated CAGR of 12.1% in the period of 2012-2018, accounting for 40% of total global pepper production, of which black pepper accounted for a major proportion with 89% of total production.

In Q1/2019, the export production of pepper of all kinds was estimated to increase 19.3% over the same period in 2018. The total export turnover decreased by 17.7% compared to the first quarter of 2018. Although the pepper export volume of Vietnam has continuously increased in the past years and become the largest pepper exporter in the world, Vietnam’s pepper export in 2019 is forecast to be difficult when the supply exceeds the demand.

The average export price of pepper in Vietnam increased sharply in the period of 2012 to 2015, then has fell sharply from the end of 2015 until now. Generally in the first 3 months of 2019, the export pepper price decreased by 28% compared to the same period last year, which led to the decreasing revenue of many enterprises in the industry in 2018.

Abbreviations
Executive summary
1. Business environment
1.1. Macroeconomic situation
1.2. Legal framework
2. World pepper market
2.1. Current situation of production
2.1.1. Definition and classification
2.1.2. Production
2.2. Consumption
3. Vietnam pepper market
3.1. History of industry formation and development
3.2. Value chain of the industry
3.3. Current situation of production
3.4. Consumption
3.5. Pepper Import – Export
3.6. Price movement of some types of pepper
4. Industry overview
4.1. SWOT Analysis
4.2. Industry planning
5. Enterprise analysis
5.1. Enterprise introduction
5.2. Enterprise analysis

Olam Vietnam Co., Ltd.
Intimex Group
Simeco Daklak
Phuc Sinh Joint Stock Company
Pearl Trading Service and Import Export Joint Stock Company
Nedspice Processing Vietnam Company Limited
Son Ha Spice & Flavorings LTD
Lien Thanh Joint Stock Company
DK Commodity Co., Ltd.
Harris Freeman Vietnam Company Limited

List of figures
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Gross output of agriculture, forestry and fishery at comparative prices (2010), 2016 – 2019
Figure 3: VND/USD exchange rate, 1/2013 – 3/2019
Figure 4: Average lending rate, 2012 – 3M/2019
Figure 5: Import – Export, 2016 – Q1/2019
Figure 6: Value share of pepper industry contributing to Vietnam’s export turnover, 2010-Q1/2019
Figure 7: Growth of the world pepper plantation area over the years, 2014-2018
Figure 8: World pepper production by type, 2013-2019f
Figure 9: Structure of global black pepper production by country, 2018
Figure 10: Structure of global white pepper volume by country, 201
Figure 11: Pepper consumption structure by region, 2018
Figure 12: Pepper consumption worldwide, 2012 – 2018
Figure 13: Pepper consumption in world’s largest pepper producing countries, 2017 – 2019f
Figure 14: Structure of Brazil’s pepper importers, 2017
Figure 15: Structure of pepper cultivation in Vietnam, 2017
Figure 16: Pepper cultivation area in Vietnam, 2009 – 2018e
Figure 17: Pepper production in Vietnam, 2012 – 2018
Figure 18: Pepper structure by type, 2018
Figure 19: Distribution structure of pepper volume in Vietnam, 2018
Figure 20: Pepper consumption in Vietnam, 2011-2018e
Figure 21: Pepper exports and export turnover in Vietnam, 2011 – – 3/2019
Figure 22: Structure of Vietnam’s pepper importers by volume, 3T/2019
Figure 23: Pepper export volume by country, 2018 – 3M/2019
Figure 24: Structure of exported pepper by type, 2018e
Figure 25: Structure of exported pepper by processing step, 2018e
Figure 26: Structure of Vietnam’s pepper export by type of enterprise, 2013 – 2018
Figure 27: Top 10 largest pepper export enterprises in Vietnam, 2018
Figure 28: Structure of Vietnam’s pepper import by type, 2018
Figure 29: Vietnam’s pepper import, 2010 – 2018
Figure 30: Average monthly export price of pepper, 1/2017 – 3/2019
Figure 31: Export price movement of pepper in Vietnam,
1/2018-3/2019
Figure 32: The wholesale price of black pepper by month, 1/2017-3/2019
Figure 33: The wholesale price of black pepper by week, 1/2019 – 3/2019
Figure 34: Net revenue from goods sold and services provided, 2017-2018
Figure 35: Sales expenses/Net revenue, 2017-2018
Figure 36: Administrative expenses/Net revenue, 2017-2018
Figure 37: Financial expenses/Net revenue, 2017-2018
Figure 38: Asset structure, 2018
Figure 39: Capital structure, 2018
Figure 40: Solvency ratios, 2017-2018
Figure 41: Asset use efficiency, 2018

List of tables
Table 1: Differences between black pepper and white pepper
Table 2: Top countries that exported the largest quantity of pepper (tons),
2017-2018
Table 3: Pepper harvest time in major pepper producing countries
Table 4: TOP PEPPER EXPORTING ENTERPRISES IN 2017
Table 5: Indicators for evaluating profitability of enterprises, 2018