Why does Vietnam only account for 0.4% of the total tea imported into the German market?
Germany
Market & Price Trends
Published Sep 21, 2023
Tridge summary
Germany's tea imports have declined in both volume and value in the first five months of 2023 compared to the same period in 2022, according to Eurostat. China, India, Sri Lanka, Argentina, and Belgium are the main suppliers of tea to Germany, with imports from these countries making up 63.7% of Germany's total tea imports. Germany is the seventh largest tea import market in the world and also plays a significant role as a gateway for tea re-exports to the EU market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Source: congthuong.vn According to data from the European Statistics Agency (Eurostat), in the first 5 months of 2023, Germany imported tea reaching 28.9 thousand tons, worth 92.6 million Euro (equivalent to 100 million USD), down 6.3 % in volume and down 3.7% in value compared to the same period in 2022. The average price of imported tea into the German market in the first 5 months of 2023 reached 4,441.9 USD/ton, up 2.8% compared to same period in 2022. China, India, Sri Lanka, Argentina and Belgium are the 5 markets supplying the most tea to Germany in the first 5 months of 2023. Imports from these markets account for 63.7% of Germany's total tea imports. . In particular, Germany only increased the proportion of imports from Argentina and Belgium, but decreased the proportion of imports from the Chinese, Indian and Sri Lankan markets. Germany's largest reduction in tea imports is from the Chinese market with a decrease of 2.9 percentage points over the same period in 2022. ...
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