Tridge summary
In the first half of 2024, tea exports from Vietnam experienced a significant surge, with volume reaching 62,000 tons and value reaching US$106 million, marking increases of 28.3% and 30% respectively compared to the same period in 2023. The average export price per ton of tea also saw a slight rise of 1.3%. The Q2 of 2024 witnessed a notable 32.7% and 34.8% increase in export volume and value respectively compared to Q2 of 2023. Green tea was the dominant export, contributing 61.6% to the total, primarily to Asia, with a significant increase in both volume and value. Black tea exports also saw an upward trend, primarily to Asia, with a peak in Q2 of 2024. This performance indicates a strong recovery in the demand for imported tea in major global markets, offering a promising outlook for the future of Vietnam's tea industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the first seven months of 2024, tea exports are expected to reach 78,000 tons and export value to reach US$135 million, an increase of 32.7% and 34.8% respectively compared with the same period in 2023. The average export price of tea reached US$1,727.7 per ton, up 1.6% from the same period in 2023. According to statistics from the General Administration of Customs, in the second quarter of 2024, Vietnam's tea exports reached 35,400 tons and the export value reached US$62.7 million, an increase of 32.7% and 34.8% respectively compared with the same period in 2023. In the second quarter of 2024, the average export price of tea reached US$1,772.4/ton, an increase of 3.2% over the second quarter of 2023. In the first six months of 2024, the export volume of tea reached 62,000 tons and the export value reached US$106 million, an increase of 28.3% and 30% respectively over the same period in 2023. The average export price of tea reached US$1,710/ton, an increase of 1.3% over the ...
Source: Foodmate
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