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Vietnam’s position in the global tea market

Vietnam, with its rich tea-growing heritage and favorable climatic conditions, has carved out a significant position in the global tea market. As of 2018, Vietnam ranked among the top six largest tea-growing countries in the world. By 2021, Vietnam had become the 9th largest exporter of tea globally.

The country’s tea industry operates with a robust value chain involving the production of raw fresh tea, processing of tea, and trading of tea products. This system has allowed Vietnam tea suppliers and Vietnam tea exporters to thrive, contributing significantly to the socio-economic development of the country.

Vietnam’s tea exports reached approximately 137.4 thousand tons, equivalent to 236 million USD in 2019. The main destinations for tea exports from Vietnam include Pakistan, Chinese Taipei, Russia, China, and Iraq. These figures underscore the pivotal role of Vietnam tea wholesalers and Vietnam tea export companies in the global tea market.

The domestic tea market in Vietnam is diverse, with a wide range of teas being produced, including green tea, black tea, and specialty teas. These teas offer unique flavors and aromas that are distinctly Vietnamese, making them popular with international consumers.

>> Read more: Vietnam’s Top 10 Tea Exporters (Q1 2022)

Vietnam Tea Suppliers and Exporters

Vietnam is home to a multitude of tea suppliers and exporters, each offering a unique selection of teas. These suppliers source their teas from various regions across the country, known for their fertile soils and ideal tea-growing conditions.

Profile of Top Vietnam Tea Suppliers and Wholesalers

1. Future Generation Phu Tho Company Limited (FGC): Established in 1996, FGC has evolved to become Vietnam’s largest tea manufacturer and exporter, with an annual export volume of over 20,000 tons. FGC operates 15 domestic tea factories, all of which produce tea under various certifications.
2. Asia Tea Company Limited: This company is one of the top tea exporters in Vietnam. They have a strong presence in the global tea market and are known for their high-quality tea products.
3. SSOE Phu Tho Tea Company Limited: SSOE is another leading tea exporter in Vietnam. They have a wide range of tea products and are known for their commitment to quality.

These Vietnam tea suppliers and Vietnam tea wholesalers play a crucial role in bringing Vietnamese tea to the global market. They handle everything from sourcing the tea from suppliers, packaging, and shipping to various countries around the world.

Major Importers of Vietnamese Tea

Vietnamese tea, known for its quality and variety, is exported to numerous countries worldwide. The major importers of Vietnamese tea play a crucial role in the global tea market, contributing to the growth and reputation of Vietnam tea suppliers and Vietnam tea exporters.

1. Pakistan: As the world’s largest tea importer, Pakistan imported about 258.49 thousand tons of black tea and green tea in 2020-2021, with a total value of nearly 581 million US dollars. Vietnamese tea contributes to around 4% of Pakistan’s overall import volume.
2. Chinese Taipei: Chinese Taipei is another significant importer of Vietnamese tea. The country’s tea market is diverse, with a demand for a variety of teas, including green tea, black tea, and specialty teas.
3. Russia: Russia is the third-largest importer of Vietnamese tea. The country has a long-standing tea-drinking culture, making it a significant market for Vietnam tea wholesalers and Vietnam tea export companies.
4. China: China is not only a major tea producer but also a significant importer of Vietnamese tea. The country’s tea market is diverse, with a demand for a variety of teas, including green tea, black tea, and specialty teas.
5. Iraq: Iraq is the fifth-largest importer of Vietnamese tea. The country’s tea market is growing, with a demand for a variety of teas, including green tea, black tea, and specialty tea.

Popular Types of Tea from Vietnam Tea Suppliers

Vietnam, with its rich tea-growing heritage, offers a wide variety of teas. These teas are sourced from various regions across the country, known for their fertile soils and ideal tea-growing conditions. Here are some of the popular types of tea provided by Vietnam tea suppliers and Vietnam tea wholesalers:

1. Vietnamese Lotus Tea: This is one of the most famous Vietnamese teas. Vietnamese artisans make it by flavoring the finest green tea with fresh lotus flowers. The unique method gives Vietnamese lotus tea a distinct flavor compared to other lotus teas in many Asian countries.
2. Vietnamese Shan Tea: Shan tea is a type of green tea that is well-known in Vietnam. It is often enjoyed without any additives to appreciate its natural flavor.
3. Vietnamese Oolong Tea: Oolong tea is semi-fermented, which gives it a taste that falls between green and black tea. Vietnamese Oolong tea is known for its floral and creamy notes.
4. Vietnamese Pu Erh Tea: Pu Erh tea is a type of fermented tea that is often aged, which gives it a unique, rich flavor.
5. Vietnamese Herbal Tea: There are various types of herbal teas available in Vietnam, including chamomile tea, blue pea flower tea, rose tea, lemongrass tea, ginger tea, guava leaf tea, and more.

>> Read more: Top Types Of Tea Exported Abroad Vietnam Tea Export

Key Tea-Growing Regions in Vietnam

1. Thai Nguyen: This province is famous for its green tea, which is well-known domestically and internationally. The tea from Thai Nguyen has a distinct flavor due to the region’s unique soil and climate.
2. Ha Giang: Located in the northernmost part of Vietnam, Ha Giang is known for its Shan Tuyet tea, a type of tea made from a rare variety of tea tree.
3. Phu Tho: Phu Tho is home to Tan Cuong, one of the most famous tea-growing areas in Vietnam. The region is known for its high-quality green tea.
4. Lam Dong: Located in the Central Highlands of Vietnam, Lam Dong is known for its Bao Loc tea, a type of green tea that is popular in Vietnam.
5. Tuyen Quang and Yen Bai: These provinces are known for their Shan tea, a type of green tea that is well-known in Vietnam.

>> Read more: Comprehensive Guide to Import Customs Procedures for Tea from Vietnam

These regions are home to many Vietnam tea suppliers and Vietnam tea wholesalers, further strengthening Vietnam’s position in the global tea market.

Factors Impacting the Wholesale Price of Vietnam Tea Suppliers

The wholesale price of tea from Vietnam tea suppliers and Vietnam tea wholesalers is influenced by a variety of factors:

1. Quality of Products: The quality of the tea plays a significant role in determining its price. Higher quality teas, such as those made from rare varieties or grown in high mountainous areas, often command higher prices.
2. Type of Tea: The type of tea also impacts its price. For example, the average export price of Vietnamese oolong tea is around 6000 USD/MT, while the average export price of Vietnamese black tea orthodox is just about 1,500 USD/MT.
3. Supply and Demand: The balance between supply and demand can significantly impact the price of tea. If the demand for a particular type of tea exceeds the supply, the price is likely to increase.
4. Production Costs: The cost of producing tea, including the cost of raw materials, labor, and processing, can also impact the price. If production costs increase, this is often reflected in the wholesale price.
5. Market Conditions: Global market conditions and economic factors can also impact the price of tea. For example, the global economic crisis has led to a decrease in the demand for tea, which has impacted the price.
6. Export and Import Policies: Policies related to the export and import of tea can also impact its price. For example, the EVFTA Agreement has led to the full exemption of tea import tax to EU countries, which has created a huge opportunity for Vietnamese tea exporters.

>> Read more: How to Find Tea Suppliers in Vietnam

Finding Reliable Vietnam Tea Suppliers

Finding reliable Vietnam tea suppliers and Vietnam tea wholesalers is crucial for any business looking to import Vietnamese tea. Here are some methods to find reliable suppliers:

Methods to Find Reliable Vietnam Tea Suppliers

1. B2B Platforms: B2B platforms like Alibaba and Freshdi.com are excellent resources for finding reliable Vietnam tea suppliers and Vietnam tea wholesalers. These platforms provide a vast network of suppliers and detailed information about their products.
2. Trade Shows: Trade shows provide an opportunity to meet Vietnam tea suppliers and Vietnam tea exporters in person. This allows businesses to evaluate products firsthand and establish direct relationships with suppliers.
3. Supplier Directories: Supplier directories list numerous Vietnam tea suppliers and Vietnam tea wholesalers. These directories often provide detailed information about each supplier, including their products, certifications, and contact information.
4. Government Resources: The Vietnamese government provides resources to help businesses find reliable Vietnam tea suppliers. For example, the Ministry of Industry and Trade released a list of reliable Vietnamese tea export companies in 2022.
5. Industry Associations: Industry associations often have a network of Vietnam tea suppliers and Vietnam tea wholesalers. These associations can provide valuable insights into the tea industry and help businesses find reliable suppliers.

Conclusion and Future Prospects

The Vietnamese tea market has shown significant growth and potential. With a diverse range of teas and a robust value chain, Vietnam tea suppliers, Vietnam tea wholesalers, Vietnam tea exporters, and Vietnam tea export companies have established Vietnam as a major player in the global tea market.

Future Prospects of the Vietnamese Tea Market

The tea market in Vietnam is set to increase by US$ 246 million from 2022 to 2028, representing a compound annual growth rate (CAGR) of 7.4% during the forecast period. The revenue in the Tea market amounts to US$1.8bn in 2024 and is expected to grow annually by 3.85% (CAGR 2024-2028).

Health-conscious individuals are turning to tea as a healthier alternative to sugary beverages, thanks to its antioxidant properties, potential weight management benefits, and calming effects. Trends include sustainability and ethical sourcing, innovation in tea formats and blends, and the rise of premium tea experiences. With an expanding consumer base and evolving preferences, the tea market is expected to continue its growth trajectory in the coming years.

>> Read more: Forecast for Vietnam’s 2024 Tea Exports

Strategic Recommendations for the Future

In order to sustainably develop Vietnam’s tea industry, several strategic actions are recommended:

1. Investing in in-depth tea processing: This can help improve Vietnam’s tea export quality.
2. Focusing on post-harvest activities: This can ensure the quality of the tea leaves and the final product.
3. Investing in organic or high-value tea: This can help meet the increasing demand for high-quality, organic products.
4. Continuing to accumulate land: This can support the growth of cultivated tea areas.
5. Maintaining high productivity: This can be achieved by using hybrid seeds.

Freshdi.com's Guide to Tea Exportation

Freshdi.com's guide provides you with all the detailed information about the Vietnamese Tea industry, covering various topics from the import market and popular tea varieties to price trends, finding exporters, and necessary considerations when exporting tea from Vietnam. This guide helps you understand the Vietnamese tea market, helping you succeed in trading with tea suppliers in Vietnam.

Chapter 1: Comprehensive Overview of Vietnam’s Tea Market Embark on a journey through Vietnam’s tea market, understanding its global position, top suppliers, exporters, and factors impacting prices.

Chapter 2: Certified Vietnam Tea Exporters List accredited by the Ministry of Industry and Trade - October 2022 Stay updated with the certified list of tea exporters in Vietnam, accredited by the Ministry of Industry and Trade as of October 2024.

Chapter 3: Vietnam’s Top 10 Tea Exporters (Q1 2022) Discover the top 10 tea exporters in Vietnam for Q1 2022, leading the charge in the global tea market.

Chapter 4: Top Vietnamese Tea Suppliers: A Comprehensive Guide 2023 Explore the top Vietnamese tea suppliers, their diverse tea offerings, and the advantages of partnering with them in the tea industry.

Chapter 5: How to Import Tea from Vietnam: A Step-by-Step Process Uncover the process of importing tea from Vietnam, from finding suppliers to navigating customs procedures.

Chapter 6: How to Find Tea Suppliers in Vietnam Follow our guide to finding reliable tea suppliers in Vietnam, a major contributor to the global tea industry.

Chapter 7: Comprehensive Guide to Import Customs Procedures for Tea from Vietnam Navigate through the comprehensive process of importing tea from Vietnam with our detailed guide on customs procedures.

Chapter 8: Comprehensive Guide to Taxes for Tea Export from Vietnam Understand the comprehensive guide on exporting dried tea from Vietnam, including customs procedures and export taxes for success.

Chapter 9: Top Types Of Tea Exported Abroad Vietnam Tea Export Explore the variety of teas exported from Vietnam, including green, black, oolong, and specialty blends, to markets worldwide.

Chapter 10: Forecast for Vietnam’s 2024 Tea Exports Explore Vietnam’s tea industry, its challenges, opportunities, and the role of key players in 2024.

This guide provides a comprehensive understanding of the Vietnamese tea market, from suppliers to exporters, and from import processes to future forecasts. It serves as a valuable resource for anyone interested in the Vietnamese tea industry.

In conclusion, the future of the Vietnamese tea market looks promising with numerous opportunities for growth and development. By implementing strategic actions, Vietnam tea suppliers, Vietnam tea wholesalers, Vietnam tea exporters, and Vietnam tea export companies can further strengthen Vietnam’s position in the global tea market.