Tea exports increased in volume but decreased in value in the first 7 months of 2019

Published 2020년 8월 9일

Tridge summary

In July 2020, Vietnam's tea exports experienced a growth of 3.2% in volume and 15.5% in value compared to the same period in 2019, reaching 12 thousand tons worth $ 19 million. Despite this growth, the average export price per ton fell by 18.2% to $ 1,583.3. From January to July 2020, total tea exports increased by 1.3% in volume and 8.7% in value, amounting to 70 thousand tons and $ 110 million respectively. However, the tea export industry is expected to face challenges in the latter half of 2020 due to the COVID-19 pandemic, which is expected to disrupt production and export activities. Major markets such as Pakistan, Taiwan, and China have seen significant declines in imports, while new contracts are not being signed and existing contracts are being renegotiated with lower prices and extended delivery times.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Import and Export Department (Ministry of Industry and Trade) said that, according to estimates, in July 2020, tea exports reached 12 thousand tons, worth $ 19 million, up 3.2% in volume and 15.5% in value. price over the same period in 2019. The average export tea price in July 2020 was estimated at 1,583.3 USD / ton, down 18.2% compared to July 2019. Cumulative from the beginning of 2020 to the end of July 2020, tea exports are estimated at 70 thousand tons, worth $ 110 million, up 1.3% in volume and 8.7% in value over the same period in 2019. The average export tea price in the first 7 months of 2020 is estimated at 1,570.8 USD / ton, down 9.9% over the same period in 2019. According to the Import and Export Department, Vietnam's tea export industry is difficult to recover in In the second half of 2020, the global translation of Covid-19 continues to be complicated. The Covid-19 epidemic is still booming and spreading in many important markets of the Vietnamese tea ...

Source: CafeF