Vietnamese tea imports from the UK unexpectedly increased by more than 120%
Vietnam
United Kingdom
Published Sep 17, 2020
Tridge summary
In the first 6 months of this year, both the volume and value of UK tea imports increased despite the COVID-19 epidemic, in particular, this market increased strongly, consuming more than 120% in volume and 123.6% in value from Vietnam.
Original content
The latest issue of agricultural, forestry and fishery market report on September 10 of the Import and Export Department (Ministry of Industry and Trade), data from the International Trade Center (ITC), said that in the first 6 months of 2020, UK tea imports reached 67,100 tons, worth $ 170.8 million, up 10.6% in volume and up 0.4% in value over the same period in 2019. Average import prices of UK tea reached 2,544.4 USD / ton, down 9.2% over the same period in 2019. The UK's demand for importing tea is increasing, but the amount of tea grown is not much, so the UK depends on imports. Vietnam is the UK's 11th tea supplier in the first half of this year, notably, import turnover reached 603 tons, worth $ 1.29 million, up more than 120% in volume and 123.6% in value over the same period last year. Weight increase from 0.5% in the first 6 months of 2019 to 0.9% in 6 months of 2020. Vietnam is also the largest growing tea import market in the TOP main supply markets of the UK in the ...
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