| Tea exports in the first 4 months of 2023 only earned 50 million USD Tea exports in the first half of 2023: Which markets recorded positive growth? |
The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs, saying that tea exports in July 2023 reached 10.5 thousand tons, worth 18.4 million USD, down 15.8% in volume and 12.9% in value compared to July 2022.
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| Tea export value has grown continuously since March 2023 |
The average export price of tea in July 2023 reached 1,756.6 USD/ton, up 3.5% compared to June 2022. The export value of tea has grown continuously since March 2023, but the value is still lower than the same period in 2022.
In the first 7 months of 2023, tea exports reached 58.8 thousand tons, worth 99.9 million USD, down 15.6% in volume and 19% in value compared to the same period in 2022. The average export price of tea reached 1,700.4 USD/ton, down 4% compared to the same period in 2022.
In the first 7 months of 2023, tea exports to major markets still decreased significantly. Leading in terms of export volume and value was the Pakistani market, reaching 23.1 thousand tons, worth 44.2 million USD, down 11.6% in volume and 10.9% in value compared to the same period in 2022; followed by the Taiwanese market with 7.9 thousand tons, worth 13.1 million USD, down 35.3% in volume and 46.6% in value; Russia reached 4.2 thousand tons, worth 7 million USD, down 18.6% in volume and 22.1% in value.
Notably, tea exports to the Iraqi market reached 3.8 thousand tons, worth 5.7 million USD, up 43.3% in volume and 25.3% in value over the same period last year.
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| Vietnam's tea export market in the first 7 months of 2023 (Calculated according to statistics from the General Department of Customs) |
According to statistics from the International Trade Center (ITC), tea imports from the Turkish market in the first 5 months of 2023 reached 6.6 thousand tons, worth 12.7 million USD, up 54.1% in volume and 27.7% in value over the same period in 2022.
The average imported tea price reached 1,935.4 USD/ton, down 17.2% compared to the same period in 2022. Türkiye imported the most tea from the Sri Lankan and Iranian markets in the first 5 months of 2023.
Tea is an indispensable beverage in Turkish culture and this is the largest tea consumer market in the world, with a consumption of about 1,300 cups of tea/person/year (equivalent to 3.16 kg/person/year).
With high consumption demand and being an important gateway to the Middle East, a transit point to the EU market for many export products, the potential to boost tea exports to the Turkish market is very promising, while the proportion of Turkish tea imports from Vietnam is still low, only reaching 0.3% in volume.
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