Vietnam: Tea exports in the last months of the year still lack positive signals

Published 2023년 11월 3일

Tridge summary

Tea exports from Vietnam have been declining in both volume and value compared to the previous year. The average export price of tea also decreased slightly. The main export market, Pakistan, has been facing economic issues which has led to a decrease in tea purchases, while markets like Iraq and Saudi Arabia have experienced growth. However, industry experts are not optimistic about the outlook for the tea export market in the coming months due to limited demand and strict regulations on technical barriers.

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Original content

Source: ttdn.vn Tea exports in the last months of 2023 still lack positive signals. (Photo: congthuong.vn) According to statistics from the General Department of Customs, in the first 9 months of 2023, Vietnam's tea exports reached 82 thousand tons, worth 140.8 million USD, down 14.2% in volume and 15.9% in value. value compared to the same period in 2022. The average export price of tea reached 1,717.3 USD/ton, down 2% over the same period in 2022. In September 2023 alone, tea exports reached 11.1 thousand tons, worth 18.9 million USD, down 16.2% in volume and 11% in value compared to September 2022. The average export price of tea in September 2023 reached 1,711.1 USD/ton, up 6.2% compared to September 2022. Tea exports to major markets all decreased significantly in the first 9 months of 2023. In particular, the main export market of the tea industry, Pakistan, is still facing inflation and high interest rates, along with The shortage of foreign currency causes importers to ...

Source: AgroInfo.vn