Vietnam has once again reaffirmed its position as the world’s preeminent source of black pepper, with export earnings crossing US$1.12 billion in the first eight months of 2025—a seven-year high. For black pepper suppliers, this performance is not merely a statistical milestone but a commercial signal of how Vietnam’s pepper industry is shaping the dynamics of global spice trade.

The recent implementation of broad tariffs by the U.S. administration has significantly influenced international trade, particularly affecting the spice industry.

India's spice export market is on track to reach $10 billion by 2030, with plans to expand into Africa, South America, and the East European bloc.

The Indian Union Minister of Commerce and Trade Mr. Piyush Goyal requested spice exporters of India to explore new potential markets and increase spice exports to $10 billion by 2030. Currently, India is exporting nearly $4 billion worth of spices.

The surge in the demand for Teja and the Super 10 variety of chilli is expected in the upcoming weeks. Teja, famed for its intense heat, finds favour in China and Bangladesh.

India is the largest producer, consumer, and exporter of spices in the world, and over the years, the domestic production of different spices have increased significantly.

India has registered a 41% jump in its exports of spices and spice products during the first two months of the 2023-24 fiscal year.

By 2032, it is anticipated that the black pepper market will grow at a value-based CAGR of 7% and generate revenues that range from US$ 5,406.0 Mn to about US$ 10,834.9 Mn.

In analyzing a forecast, Ms. Hoang Thi Lien, President of the Vietnam Pepper Association (VPA), noted that the current export revenue of pepper and Spices Sellers has reached 1.4 billion USD.