United States buys a lot of Vietnamese honey

Published 2022년 11월 7일

Tridge summary

The Vietnamese honey industry has seen significant growth in the first nine months of 2022, with nearly 24,000 tons exported and generating a revenue of around 41 million USD. The US market has been a major consumer, despite an anti-dumping tax, accounting for 44.5% of the market share. The government's efforts to reduce this tax have allowed the industry to expand, particularly in the US where there is demand for around 15,000 tons of honey by the end of the year. Despite challenges, the domestic market also offers potential as honey is increasingly used as a sweetener. The industry exports to 12 countries and territories, with the US making up nearly all of the export turnover of 70-100 million USD annually.

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

Original content

The above information was said by Mr. Dinh Quyet Tam - Chairman of the Vietnam Beekeeping Association at the meeting on Building the value chain of the livestock industry, organized by the Ministry of Agriculture and Rural Development recently, or, in the 9 months of 2022, the whole honey industry. exports are estimated at nearly 24,000 tons. This small animal has brought businesses a turnover of about 41 million USD, of which the US market buys the most. Notably, although the US Department of Commerce (DOC) imposed an anti-dumping tax on Vietnamese honey up to 58.74 - 61.27%, Vietnam's honey export turnover to the US market was still low. reached 11,000 tons, accounting for 44.5% of Vietnam's export market share in the first 9 months of 2022. Honey exports to the EU market reached 6,600 tons, accounting for 27-28%; Taiwan, Thailand, Indonesia, and Japan markets account for 19%. The result is due to the efforts of the Government, ministries and functional agencies to bring the US ...

Source: Danviet