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    Home > Food News > Food Articles > Vietnam's tea exports are expected to achieve considerable growth in the second quarter of 2021

    Vietnam's tea exports are expected to achieve considerable growth in the second quarter of 2021

    • Last Update: 2021-06-04
    • Source: Internet
    • Author: User
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    (People’s Daily) In the first four months of 2021, Vietnam ’s tea exports to the Chinese and Indian markets surged.
    It is predicted that Vietnam’s tea exports will achieve considerable growth in the second quarter of 2021.
     
    Tea exports to key markets soared
     
    The Import and Export Bureau of the Ministry of Industry and Trade of Vietnam cited statistics from the General Administration of Customs, showing that in the first four months of 2021, tea exports reached 36,900 tons, a year-on-year increase of 1.
    2%, and exports reached 58.
    85 million US dollars, a year-on-year increase of 6.
    7%.
    In the first four months of 2021, the average export price of tea reached US$1595.
    6/ton, a year-on-year increase of 5.
    4%.
     
    In the first four months of 2021, tea exports to the Pakistani market accounted for the largest proportion.
    The export volume reached 10.
    34 million tons, an increase of 12.
    4% year-on-year, and the export value reached US$19.
    6 million, an increase of 16% year-on-year.
    It is worth noting that tea exports to the Chinese and Indian markets have increased significantly.
    The export volume of tea to China reached 3,500 tons, an increase of 175.
    2% year-on-year, and the export value reached 5.
    3 million US dollars, an increase of 151.
    9% year-on-year.
    Tea exports to India reached 805 tons, an increase of 1157.
    8% year-on-year, and the export value reached US$1 million, an increase of 1091.
    9% year-on-year.
     
    The demand for tea in these markets has increased sharply, but due to the impact of the new crown pneumonia epidemic, the supply source is limited.
    According to the Indian Tea Council, India’s tea harvesting activities are facing difficulties due to the COVID-19 pandemic and the severe drought that is occurring in many tea plantations in India.
    The social distancing order caused at least 90 tea plantations in Assam to stop production in order to avoid the spread of the new crown pneumonia epidemic to more than 800 plantations in the region.
    This is a large-scale tea production area in India.
    According to Indian tea producers, if the epidemic is difficult to control, it will trigger the risk of an epidemic, and the tea harvest season will be delayed, pushing up costs.
    India is also a large-scale sales market and a major export market.
    In this context, India must increase tea imports for sales and re-export.
     
      It is worth noting that the market share of Vietnamese tea in Germany's total tea imports has increased.
    Statistics from Eurostat show that in the first two months of 2021, Vietnam is the 17th largest tea supply market in Germany, with imports of 46 tons, a year-on-year increase of 91.
    2%, and exports of 158,000 euros (equivalent to 193,000 US dollars) ), an increase of 59.
    2% year-on-year.
     
      Export growth forecast for the second quarter of 2021
     
      The 27 EU countries are the world's largest tea import market.
    However, the European Union is still the most potential and important market for Vietnam’s tea, because the EU’s 27 countries have a very large demand for tea imports, but the proportion of imports from Vietnam is still very low.
    The EU’s 27 countries have a population of about 500 million, accounting for 7.
    3% of the world’s total population, and their income levels are relatively high.
    At present, tea products are very popular among Europeans because of their many benefits to the body.
    The climate of the EU is not suitable for growing tea, so the tea on the EU market is mainly imported.
    The imported tea sources will be processed and re-exported.
    At present, the European Union still mainly imports black tea, but the market trend is increasingly leaning towards green tea instead of black tea.
    However, the 27 EU countries are a market with many strict standards in terms of food hygiene and safety, product origin and quality.
    Therefore, to promote the export of tea to this market, it is necessary to increase productivity and product value to meet the supply of this market.
     
      Pakistan is the world’s second largest tea import market.
    Pakistan’s demand for tea is large and increasing, mainly because the country’s tea drinking habits have existed for many years.
    It is worth noting that during the period 2018-2020, Pakistan’s tea imports from Vietnam have surged, with an average annual growth rate of 18.
    2%.
    However, compared with import demand, Pakistan's tea imports from Vietnam are still low, and Vietnamese tea exporters have a lot of room to expand their market share in this market.
     
      In the 2018-2020 period, the UK's tea imports from Vietnam increased significantly, with an average annual growth rate of 19.
    8%.
    The proportion of British tea imported from Vietnam has also increased.
    Tea is a typical beverage for the British, and the United Kingdom consumes about 100 million cups of tea every day.
    The demand for tea imports in the United Kingdom is increasing.
    However, the amount of tea planted is not large, so the United Kingdom depends on imports.
    Vietnamese companies have many opportunities to increase exports of this product to the UK market.
     
      It is predicted that in view of the positive signals from the import market, Vietnam's tea exports will achieve considerable growth in the second quarter of 2021.
    Specifically, the more time consumers spend at home, the more tea consumption increases.
    In the current fierce competition, various free trade agreements such as the "Vietnam-EU Free Trade Agreement" (EVFTA) and the "Comprehensive and Progressive Agreement on Trans-Pacific Partnership" (CPTPP) have also brought advantages to the Vietnamese tea industry.
    Due to the new crown pneumonia epidemic and dry weather, production activities in many tea-producing countries have been interrupted, resulting in the interruption of the tea supply chain in the global market.
    The most prominent one is the Indian market, the main tea plantation in the world's largest tea production and sales market.
    The district is being severely affected by the new crown pneumonia epidemic and drought.
     
      However, favorable weather conditions in major tea production markets such as Kenya and Sri Lanka have increased supply sources, while demand growth has not been large.
    Increased supply pressure has led to lower export prices.
    This is also the main factor hindering the growth of Vietnam's tea industry for some time to come.
    (Finish)
    Chinese tea exports
     
      Tea exports to key markets soared
    Tea exports to key markets soared
     
      The Import and Export Bureau of the Ministry of Industry and Trade of Vietnam cited statistics from the General Administration of Customs, showing that in the first four months of 2021, tea exports reached 36,900 tons, a year-on-year increase of 1.
    2%, and exports reached 58.
    85 million US dollars, a year-on-year increase of 6.
    7%.
    In the first four months of 2021, the average export price of tea reached US$1595.
    6/ton, a year-on-year increase of 5.
    4%.
     
      In the first four months of 2021, tea exports to the Pakistani market accounted for the largest proportion.
    The export volume reached 10.
    34 million tons, an increase of 12.
    4% year-on-year, and the export value reached US$19.
    6 million, an increase of 16% year-on-year.
    It is worth noting that tea exports to the Chinese and Indian markets have increased significantly.
    The export volume of tea to China reached 3,500 tons, an increase of 175.
    2% year-on-year, and the export value reached 5.
    3 million US dollars, an increase of 151.
    9% year-on-year.
    Tea exports to India reached 805 tons, an increase of 1157.
    8% year-on-year, and the export value reached US$1 million, an increase of 1091.
    9% year-on-year.
     
      The demand for tea in these markets has increased sharply, but due to the impact of the new crown pneumonia epidemic, the supply source is limited.
    According to the Indian Tea Council, India’s tea harvesting activities are facing difficulties due to the COVID-19 pandemic and the severe drought that is occurring in many tea plantations in India.
    The social distancing order caused at least 90 tea plantations in Assam to stop production in order to avoid the spread of the new crown pneumonia epidemic to more than 800 plantations in the region.
    This is a large-scale tea production area in India.
    According to Indian tea producers, if the epidemic is difficult to control, it will trigger the risk of an epidemic, and the tea harvest season will be delayed, pushing up costs.
    India is also a large-scale sales market and a major export market.
    In this context, India must increase tea imports for sales and re-export.
     
      It is worth noting that the market share of Vietnamese tea in Germany's total tea imports has increased.
    Statistics from Eurostat show that in the first two months of 2021, Vietnam is the 17th largest tea supply market in Germany, with imports of 46 tons, a year-on-year increase of 91.
    2%, and exports of 158,000 euros (equivalent to 193,000 US dollars) ), an increase of 59.
    2% year-on-year.
     
      Export growth forecast for the second quarter of 2021
    Export growth forecast for the second quarter of 2021
     
      The 27 EU countries are the world's largest tea import market.
    However, the European Union is still the most potential and important market for Vietnam’s tea, because the EU’s 27 countries have a very large demand for tea imports, but the proportion of imports from Vietnam is still very low.
    The EU’s 27 countries have a population of about 500 million, accounting for 7.
    3% of the world’s total population, and their income levels are relatively high.
    At present, tea products are very popular among Europeans because of their many benefits to the body.
    The climate of the EU is not suitable for growing tea, so the tea on the EU market is mainly imported.
    The imported tea sources will be processed and re-exported.
    At present, the European Union still mainly imports black tea, but the market trend is increasingly leaning towards green tea instead of black tea.
    However, the 27 EU countries are a market with many strict standards in terms of food hygiene and safety, product origin and quality.
    Therefore, to promote the export of tea to this market, it is necessary to increase productivity and product value to meet the supply of this market.
     
      Pakistan is the world’s second largest tea import market.
    Pakistan’s demand for tea is large and increasing, mainly because the country’s tea drinking habits have existed for many years.
    It is worth noting that during the period 2018-2020, Pakistan’s tea imports from Vietnam have surged, with an average annual growth rate of 18.
    2%.
    However, compared with import demand, Pakistan's tea imports from Vietnam are still low, and Vietnamese tea exporters have a lot of room to expand their market share in this market.
     
      In the 2018-2020 period, the UK's tea imports from Vietnam increased significantly, with an average annual growth rate of 19.
    8%.
    The proportion of British tea imported from Vietnam has also increased.
    Tea is a typical beverage for the British, and the United Kingdom consumes about 100 million cups of tea every day.
    The demand for tea imports in the United Kingdom is increasing.
    However, the amount of tea planted is not large, so the United Kingdom depends on imports.
    Vietnamese companies have many opportunities to increase exports of this product to the UK market.
     
      It is predicted that in view of the positive signals from the import market, Vietnam's tea exports will achieve considerable growth in the second quarter of 2021.
    Specifically, the more time consumers spend at home, the more tea consumption increases.
    In the current fierce competition, various free trade agreements such as the "Vietnam-EU Free Trade Agreement" (EVFTA) and the "Comprehensive and Progressive Agreement on Trans-Pacific Partnership" (CPTPP) have also brought advantages to the Vietnamese tea industry.
    Due to the new crown pneumonia epidemic and dry weather, production activities in many tea-producing countries have been interrupted, resulting in the interruption of the tea supply chain in the global market.
    The most prominent one is the Indian market, the main tea plantation in the world's largest tea production and sales market.
    The district is being severely affected by the new crown pneumonia epidemic and drought.
     
      However, favorable weather conditions in major tea production markets such as Kenya and Sri Lanka have increased supply sources, while demand growth has not been large.
    Increased supply pressure has led to lower export prices.
    This is also the main factor hindering the growth of Vietnam's tea industry for some time to come.
    (Finish)
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