Vietnam grosses US$52.6 million from star anise exports in 10 months

In October alone, the country shipped 1,330 tonnes of star anise worth over US$5.8 million abroad, representing a sharp rise of 88.9% compared to the previous month.

India continued to be the main export market with 7,395 tonnes during the past 10 months of the year, accounting for 66.3%, followed by the United States with 411 tonnes and China with 358 tonnes.

Leading Vietnamese export firms include Prosi Thang Long, Tuan Minh, Senspice Vietnam, Hong Son Vietnam, and Huy Chuc M&M.

Statistics indicate that the country’s star anise output ranks second in the world, behind only China, with an estimated annual output of 22,000 tonnes from a planting area spanning ​​about 55,000 hectares. Lang Son was the locality with the largest cultivation area, making up 72.7% of the country’s total areas.

Vietnamese star anise is mainly consumed in several South Asian regions such as India, Bangladesh, the Middle East, Japan, China, the Republic of Korea, the US, and EU nations.

Of these, India and China are considered to be the two major purchasers of Vietnamese star anise, accounting for 50% and 25% of total exports, respectively.

Vietnam is a potential supplier of spice to the world market with turnover of US$21.3 billion in 2021 and being anticipated to increase to US$27.4 billion in 2026.