Vietnam’s Tea exports are highly appreciated in the world. In Vietnam, people use many specializes to produce tea for export. Tea export is also one of the key agricultural commodities of Vietnam. In the first quarter of 2022, the amount of tea exported in Vietnam has changed a lot.
Vietnam’s tea exports in Q1 2022.
According to the General Department of Customs statistics, Vietnam’s tea exports in March 2022 reached 8.18 thousand tons, equivalent to a turnover of 13.34 million USD, up 36.4% in quantity and 50.3% in turnover compared to February. However, compared to March 2021, the export volume was down 20% in quantity and 16.6% in turnover.
Green tea trees
In the first 3 months of 2022, Vietnam’s tea exports were 22.95 thousand tons, achieving a turnover of 36.7 million USD, down 11.9% in quantity and 11.3% in turnover over the same period in 2022.
Vietnam’s average tea export prices in March 2022 were 1,631 USD/ton, increasing by 1.9% over the same period in 2021. In the first quarter of 2022, the average tea export price was 1,599.4 USD/ton, a slight increase of 0.66% compared to the first quarter of 2021.
In February 2022, Vietnam mostly exported tea to Pakistan and Russia. These markets accounted for 23.1% and 15.2% of Vietnam’s total tea exports.
Vietnam’s tea exports to several markets declined in February. For example, exports to Indonesia were down 28.33%, Malaysia by 18.51%, and Iraq by 72.02% in turnover over January 2022.
In the first 2 months of 2022, India was Vietnam’s fastest-growing tea exporting market. Tea exports to this market increased by 467.8% in quantity and 387.4% in turnover compared to the same period in 2021.
Aside from India, the US is one large tea exporting market of Vietnam. Vietnam is currently the 5th largest tea supplier in the US.
According to statistics from the US International Trade Commission (USITC), US tea imports in January 2022 reached 8.65 thousand tons, worth 40.6 million USD, up 2% in volume and 13 .4% in value compared to January 2021.
Forecast for Vietnam’s tea exports in the second quarter
It is forecasted that Vietnam’s tea exports will grow positively in the second quarter of 2022, thanks to positive signals from the import market.
Specifically, the trend of tea consumption increases because consumers have to stay at home more. Tariff incentives from Free Trade Agreements such as EVFTA, CPTPP, etc., also bring advantages to the tea industry in the current fierce competition.
Many tea-producing countries have had production interruptions due to COVID-19 and dry weather, disrupting the supply chain of tea in the global market. Notably, India, one of the world’s major tea production and consumption markets, is being seriously affected by the pandemic and drought in the main tea-growing areas.
However, favorable weather conditions in the main tea-producing markets such as Kenya and Sri Lanka caused supply to increase. With demand has not increased much, increased supply pressure will lead to lower export prices. That is also the main factor hindering the growth rate of Vietnam’s tea industry in the coming time.
Source: The Ministry of Industry and Trade
Why should international customers choose Vietnamese tea?
Vietnamese Tea’s Tradition
Tea leaves are hand-picked by workers
Tea trees appeared in Vietnam very early, recorded in history books since 1773. Through many changes and developments, Vietnam has expanded the tea-growing area to many northern provinces. Because of the long history of tea cultivation, Vietnam has a very large area of hills and forests for growing tea. Especially there are many ancient types of tea such as Shan Tuyet tea. Thanks to perennial cultivation, Vietnamese people understand the characteristics of tea plants and growing, and know how to take care of tea plants in the best way to bring the highest efficiency.
Suitable weather for growing tea
Vietnam is located in the Southeast Asian monsoon region, the cradle of tea. The soil climate is very suitable for tea growing. Abundant rainfall is 1700-2000 mm/year. Temperature 21-22.6 0C, air humidity 80-85%. The land for tea cultivation consists of two types of fertile shale and basalt. Because of such natural conditions, tea grown in Vietnam is appreciated for its high quality, delicious taste, and good for users’ health.
Large growing tea area
Vietnam is one of the countries that grow a lot of tea in the world and this is also a staple of Vietnam. Currently, our country’s tea-growing area is up to 140,000 ha, with an average yield of 8 tons of fresh buds/ha. In Vietnam, there are many tea-growing localities, especially in the northern provinces of Vietnam. Localities such as Thai Nguyen, Dien Bien, Son La, Lai Chau,.. etc. The quality of tea in each place is guaranteed and is gradually moving towards organic tea growing, so Vietnamese tea is Nam has a sweet aroma and taste, which is very popular with international friends.
Vietnamese tea is ready for the harvest season.
Now is the time to harvest tea in many regions in Vietnam. With suitable weather and good care conditions, this year’s Vietnamese tea promises to be high yielding and high-quality crop. So if you want more information about Vietnamese tea or the price of Vietnamese tea, please contact Vihaha for more detailed information.
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