Tea exports to China increased sharply in the first 8 months of 2024, reaching more than 9 thousand tons, worth 13.16 million USD, up 230% in volume and 107% in value.
According to statistics of According to the General Department of Customs, in the first 8 months of 2024, the country exported 92,800 tons of tea of all kinds, equivalent to 162.62 million USD, with an average price of 1,752.4 USD/ton, up 30.9% in volume, up 33.4% in turnover and up 2% in price compared to the first 8 months of 2023.
In August 2024 alone, 15,567 tons of tea were exported, reaching 29.33 million USD, at a price of 1,884 USD/ton, up 1.5% in volume, 6.8% in turnover and 5.2% in price compared to July 2024; but compared to August 2023, it also increased by 27.8% in volume, 33.5% in turnover and 4.4% in price.
Vietnam's tea exports are mostly to the Pakistani market, accounting for 31.9% of the total volume and 38.3% of the total turnover. tea export of the whole country, reaching 29,570 tons, equivalent to 62.3 million USD, average price 2,107 USD/ton, up 1.8% in volume, up 11.3% in turnover and up 9.4% in price compared to the first 8 months of 2023. In August 2024 alone, tea exports to this market reached 7,226 tons, equivalent to 15.38 million USD, average price 2,128 USD/ton, up 14.8% in volume, up 15% in turnover and up 0.3% in price compared to July 2024.
Taiwan (China) ranked second, accounting for over 10% of the total volume and total export turnover of tea in the country, reaching 9,769 tons, equivalent to 16.77 million USD, with an average price of 1,717 USD/ton, up 2.9% in volume, up 7% in turnover and up 4% in price.
Then there is The Chinese market, accounting for 9.7% of the total volume and 8.1% of the total turnover, reached 9,022 tons, equivalent to 13.16 million USD, the average price was 1,458 USD/ton, an increase of 230% in volume, an increase of 107% in turnover but the price decreased by 37.3%.
Next is the US market, accounting for 5.8% of total volume and 4.9% of total turnover, reaching 5,415 tons, equivalent to 7.95 million USD, up 51.3% in volume and 70.48% in turnover.
In general, tea exports to most markets in the first 8 months of this year increased in turnover compared to the same period in 2023.
The Import-Export Department (Ministry of Industry and Trade) said that the demand for tea imports in major markets around the world is showing signs of recovery, which is a positive signal for the Vietnamese tea industry to boost exports.
To expand market share, the Vietnamese tea industry needs to focus on improving quality, diversifying products; promoting the production of high-quality tea, organic tea, safe tea, focusing on modern processing and packaging processes, meeting international standards. At the same time, promoting the Vietnamese tea brand to the international market, participating in prestigious tea fairs and exhibitions to introduce products and connect with potential partners.
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