Vietnam: How to expand tea export market share to Pakistan?

Tea

Pakistan

Price

Vietnam

Demand

Published Apr 10, 2024

Tridge summary

In the first two months of 2024, Vietnam's tea exports experienced a notable increase, with a 30.6% rise in volume and a 29.3% increase in value, totaling 17.7 thousand tons and 29.2 million USD, respectively, compared to the same period in 2023. Pakistan stood out as the leading market, showing significant growth in both volume and value of imports from Vietnam. However, Vietnamese tea exports faced declines in markets like Russia, Saudi Arabia, and Iraq. The article also highlights the challenges Vietnamese exporters encounter in the Pakistani market, including market access issues, policy instability, and broader obstacles such as complex security, political conditions, inconvenient travel, and cultural differences. These factors make it difficult for Vietnamese businesses to explore the market, promote products, and acquire clients in Pakistan, despite the country's lenient regulations on quality and standards.

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

Original content

Source: congthuong.vn Citing statistics from the General Department of Customs, the Department of Import and Export (Ministry of Industry and Trade) said that in the first 2 months of 2024, tea exports reached 17.7 thousand tons, worth 29.2 million USD, an increase of 30%. .6% in volume and an increase of 29.3% in value over the same period in 2023. In the first 2 months of 2024, the average export price of tea reached 1,652.8 USD/ton, down 1% over the same period last year. 2023. In the first 2 months of 2024, Pakistan is Vietnam's number 1 tea export market reaching 5.5 thousand tons, worth 10.9 million USD, an increase of 2.9% in volume and an increase of 16.2% in value compared to with the same period. Illustration Regarding export markets, in the first 2 months of 2024, tea exports to major markets all grew positively. Leading the way is exports to the Pakistani market reaching 5.5 thousand tons, worth 10.9 million USD, up 2.9% in volume and up 16.2% in value over the same ...

Source: AgroInfo.vn