Vietnamese tea has been exported to 16 markets
According to the data from the General Department of Customs, in January 2024, Vietnam's tea exports reached 12,398 tons, valued at over 21 million USD, down 9.7% in volume and 10% in value compared to the previous month but increased by about 85% in both volume and value compared to the same period in 2023.
In terms of the average export price, in January 2024, the average export price of Vietnamese tea reached 1,694 USD per ton, equivalent to the average export price in January 2023 but slightly decreased by 3% compared to the average export price for the whole year 2023.
In the first four months of the year, tea exports decreased both in volume and value - DNTT online. In January 2024, Vietnam's tea exports reached 12,398 tons, valued at over 21 million USD.
Regarding export markets, in January 2024, Vietnamese tea was exported to 16 markets, a decrease of 1 market compared to January 2023 (Philippines), and a decrease of 3 markets compared to the entire year of 2023, including the Philippines, Kyrgyzstan, and Kuwait.
1 . Pakistan market
Pakistan continues to be the largest export market for Vietnamese tea, accounting for 36.7% of the total volume and 43.7% of the total export turnover of the country, with 4,556 tons, equivalent to nearly 9.2 million USD, an increase of 33% in volume and 52% in value compared to the same period last year. Pakistan also has a relatively high average export price for tea (2,013 USD per ton), higher than the average export price of the tea category.
2 . Taiwan market
Taiwan (China) ranks second as an export market. With a growth rate of about 87% in both volume and value of exports, reaching 928 tons, valued at nearly 1.4 million USD, Taiwan has climbed one place in the ranking of Vietnam's largest tea export markets.
Shipping to the Taiwanese market.
Shipping to the Taiwanese market.
3 . United States market
The third position belongs to the United States with a total volume of tea exports reaching 913 tons, equivalent to a turnover of over 1.2 million USD, an increase of 191% in volume and nearly double in value compared to the same period.
As the fastest-growing market among the top 5 tea export markets of Vietnam, China recorded a growth rate of 412% in volume and 145% in value, reaching 701 tons and over 1 million USD. However, due to the much higher increase in export volume compared to the increase in turnover, the average export price of tea to the Chinese market decreased by more than half compared to the same period, from 3,067 USD per ton to 1,469 USD per ton.
4 . Poland market
Poland is the market with the strongest growth, increasing by 5.4 times in volume and 6.6 times in turnover compared to the same period last year, reaching 129 tons, with a turnover of 188,881 USD.
5 . United Arab Emirates market
The second highest growth market is the United Arab Emirates (UAE), with a growth of 409% in volume and 377% in turnover, reaching 173 tons, with a turnover of 379,221 USD.
Overall, the average export price of tea to most markets fluctuates around 1,300 USD per ton - 1,600 USD per ton. However, Vietnam still records some markets with significantly higher average export prices than others.
6 . Germany market
In January 2024, the average export price of tea to Germany reached nearly 7,579 USD per ton, an increase of 105% compared to the 3,696 USD per ton in the same period last year. Tea exports to Germany only increased by 12% in volume but increased by 130% in turnover, reaching 19 tons, equivalent to a turnover of 143,992 USD.
7 . Malaysia market and Indonesia market
In addition, there are also some markets that record a decrease in the average export price of tea and are at a low level such as Malaysia (684 USD per ton, down 13% compared to the same period last year), Indonesia (991 USD per ton, down 9%)...
