Vietnam's tea export market in January 2023

Published Feb 25, 2023

Tridge summary

Tea exports experienced a decline in January 2023 due to the Lunar New Year holiday interruption. However, it is expected that export activities will resume normally. All major markets saw a decrease in imports, with the exception of Pakistan, Russia, Taiwan, USA, Iraq, Indonesia, and a few other countries. Notably, exports to India, Saudi Arabia, and China increased, despite being major production and export markets where domestic demand is high. This indicates a positive outlook for the tea industry, with potential for stable growth.

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

Original content

Tea exports fell sharply due to the interruption of the Lunar New Year holiday in January 2023. After Tet holiday, export activities take place normally, tea export situation will be better. Tea exports to major markets in January 2023 all decreased. In which, exports to the Pakistani market reached 3,437 tons, worth $6.05 million, down 8.9% in volume and 10.7% in value compared to January 2022. The average export price of tea to the Pakistani market reached 1,759.1 USD/ton, down 2% compared to January 2022. Pakistan's foreign exchange reserves are severely depleted, so tea import demand is expected to slow down. Followed by tea exported to markets such as Russia, Taiwan, USA, Iraq, Indonesia, however, the volume and value of exports to these markets all decreased sharply in January 2023. Notably, tea exports to India, Saudi Arabia and China increased sharply in January 2023. In particular, India and China are both major tea production and export markets in the world, but the ...

Source: Vinanet