Tea export price enjoys drastic rise in Chinese market
Vietnam shipped a total of 5,800 tons of tea overseas during the first half of October, raking in US$9.8 million, up 1.3 per cent in volume and up 0.4 per cent in value compared to last year’s corresponding period.
Despite this growth, the average export price fell slightly by 0.9 per cent to US$1,686 per ton.
Between the beginning of the year and October 15, the country exported
99, 850 tons of tea worth US$175.1 million, up 2.7 per cent in volume and up 8.8 per cent in value on-year. In line with this increase, the average export price rose by 5.8 per cent to US$1,753 per ton.
Pakistan remained Vietnam’s largest tea importer during the nine-month period, purchasing 31,000 tons of tea for US$62.3 million, up 30.6 per cent in volume and up 18.4 per cent in value compared with last year's same period.
According to projections calculated by the United Nation’s Food and Agriculture Organization (FAO), Pakistan’s consumption of black tea currently stands at 172,900 tons per year, with this figure projected to rise to 250,750 tons by 2027.
With an increasing demand for tea, Pakistan represents a strong potential export market for domestic tea firms.
Elsewhere, the country shipped 13,900 tons of tea to the Taiwanese market during the nine-month period for US$ 21.6 million, up 1.4 per cent in volume and up 2.2 per cent in value.
Related News
Access to the Chinese market is increasingly convenient
15:12 | 15/04/2024 Import-Export
Domestic HRC hot-rolled steel "supply does not meet demand", should imports be restricted?
18:26 | 03/04/2024 Import-Export
Hundreds of billions of dong are collected from exporting one type of drink every month
09:21 | 10/03/2024 Import-Export
Seafood exports are expected to recover in 2024
10:16 | 07/03/2024 Import-Export
Latest News
Central Highlands needs to develop border gate economic zones for higher export
16:41 | 29/04/2024 Import-Export
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports
16:37 | 29/04/2024 Import-Export
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
More News
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export
Policies needed to encourage e-commerce to embrace circular economy
15:00 | 28/04/2024 Import-Export
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits
06:15 | 28/04/2024 Import-Export
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods
06:14 | 28/04/2024 Import-Export
Ample room for Quang Ninh to attract FDI
19:47 | 27/04/2024 Import-Export
Vietnam’s rice exports may exceed 2024 target
19:46 | 27/04/2024 Import-Export
Opportunity for exporting to Thailand market
14:48 | 27/04/2024 Import-Export
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Your care
Central Highlands needs to develop border gate economic zones for higher export
16:41 | 29/04/2024 Import-Export
RoK burgeoning market for Vietnam’s agro-forestry-fisheries exports
16:37 | 29/04/2024 Import-Export
Developing a strong brand contributes to increased export revenue
07:49 | 29/04/2024 Import-Export
Export turnover reaches over US$200 billion in the first half of April
15:04 | 28/04/2024 Import-Export
Experts call for efforts in protecting IP rights
15:02 | 28/04/2024 Import-Export