In May 2024, India continued to be Vietnam's main anise export market, accounting for 61% of export output with 951 tons.

According to statistics from the Vietnam Pepper Association (VPA), Vietnam's anise exports in May reached 1.560 tons with a value of about 7.2 million USD, an increase of 5.4% compared to the previous month. India continues to be Vietnam's largest anise export market, accounting for 61% of export output with 951 tons. 

In the first 5 months of the year, Vietnam has exported 5.475 tons of star anise with an export turnover of 27,5 million USD, down 14,7% in volume and 29,9% in value over the same period last year.

Regarding export markets in the first 5 months of the year, India is still the largest customer with 3.360 tons, followed by the US with 399 tons, Bangladesh with 140 tons.

India is the world's leading consumer of cinnamon and anise products, and is also a major producer of medicinal herbs. Currently, Vietnam dominates the Indian market with more than 80% of cinnamon and anise imports.

Vietnamese cinnamon is popular in India due to its good essential oil content and unique flavor. Besides, the export of this product to India also benefits from preferential tariffs of the ASEAN - India FTA Agreement. Especially, with a large population, India has a very large market demand for cinnamon, anise, and medicinal herbs.

Vietnam and China are the only two countries that can produce star anise in large quantities thanks to favorable conditions. Our country has an anise growing area of ​​about 40.000 hectares, concentrated mainly in Lang Son and Cao Bang with an annual output of more than 16.000 tons.

Vietnam is currently one of the strongest countries in spice export with the world's leading position in pepper production and export, ranking the first role in the world in cinnamon export, and the second in the world in star anise export. Import markets for Vietnamese spices are also increasingly diverse such as the US, EU, China, India and the Middle East.

Source: Cong Thuong Newspaper