According to data from the General Department of Customs, tea exports in 2023 were estimated to reach 121,000 tons, valued at $211 million. This marked a decrease of 16.9% in volume and 10.9% in value compared to 2022. Specifically, in the fourth quarter of 2023, tea exports were estimated at 39,300 tons, valued at $70 million, an increase of 16.7% in volume and 18.1% in value compared to the third quarter of 2023. Compared to the same period in 2022, although the volume of tea exports decreased by 22.1%, the export turnover increased by 1.4%.
In 2023, the tea industry in Vietnam experienced a significant shift. The main factors causing a decrease in Vietnam’s tea export activities were weak market demand and increasingly stringent import regulations in major markets. The majority of Vietnam’s tea exports are currently in raw form, with low processing content.
Tea exports to major markets such as Pakistan, Taiwan, and Russia decreased in 2023 due to economic difficulties in these countries. The foreign currency shortage in Pakistan has made it difficult for many import businesses in this country to buy foreign currency to pay for exporters.
Despite an increase of more than 7% in the export price of Vietnamese tea in 2023 compared to 2022, this price is less than 70% of the average global tea export price. The average global tea export price in 2023 reached $2,600 per ton.
Over the years, while the demand for tea consumption worldwide has changed rapidly, shifting from ordinary tea products to deep-processed tea products, specialty tea, the tea industry in Vietnam has been slow to improve product quality, slow to invest in deep processing, and has done little research investment into new products. These are the reasons that make Vietnamese tea products lose their competitive edge.
Currently, green tea products still account for up to 94% of the total volume of tea exports from Vietnam. However, this is the lowest grade tea product, mainly using traditional roasting and drying methods, without deep processing.
Meanwhile, high-grade tea products such as black tea, scented tea, oolong tea only account for 6% of the total volume of tea exports. Although the export price of these deep-processed teas is very high, due to the low export volume, the export turnover is not significant.
Regarding the types of tea export products in 2023, green tea led in volume and value with 57,500 tons, valued at $113.5 million. This was a decrease of 6.9% in volume and 1% in value compared to the same period in 2022. Black tea followed with 46,000 tons, valued at $62.4 million, a decrease of 16% in volume and 18% in value. Scented tea reached 3,800 tons, valued at $8 million, a decrease of 4.7% in volume but an increase of 6.5% in value. Notably, oolong tea exports stood out with 1,300 tons, valued at $3.8 million, up 102% in volume and up 107% in value compared to 2022.
>> Read more: Comprehensive Guide to Import Customs Procedures for Tea from Vietnam
The tea industry in Vietnam, with its Vietnam tea suppliers, Vietnam tea wholesalers, Vietnam tea exporters, and Vietnam tea export companies, is a vibrant and dynamic sector. Despite facing challenges, it continues to evolve and adapt to meet the changing demands of the global market. The potential of Vietnamese tea is immense, and with continued efforts in improving product quality, investing in deep processing, and researching new products, the industry is poised for growth and success in the coming years.
>> Read more: Certified Vietnam Tea Exporters List accredited by the Ministry of Industry and Trade - October 2024
According to the Ministry of Agriculture and Rural Development, Vietnam currently has 120,000 hectares of tea cultivation. The country has 257 industrial-scale tea processing enterprises, with a total design capacity of 5,200 tons of fresh buds per day, employing 220,000 workers to produce nearly 200,000 tons of products each year.
In tea processing activities, some enterprises have invested in modern processing technology chains, producing a variety of products, thereby gradually enhancing value. However, in reality, tea production in Vietnam still has many weaknesses. The application of good agricultural practices and organic production has been deployed for many years, but so far the rate is still low; the quality management of tea varieties and tea variety production and business establishments in some localities is still loose, and the handling regime still faces many difficulties.
“In the field of tea processing, currently, the number of tea processing factories equipped synchronously, good machinery and equipment, ensuring technical standards only accounts for 20%; the number of factories with temporarily meeting technical requirements processing technology is 60%; the number of patchy processing establishments, not meeting the technical requirements of the tea processing process is 20%”.
Currently, tea production according to households accounts for nearly 65% in terms of area, with a scale of about 0.2 ha/household; the situation of raw material collection through many levels increases the input raw material price, prolongs the preservation time, reduces the raw material quality, increases investment costs.
The Ministry of Agriculture and Rural Development sets the goal of sustainable development of the tea industry, in a modern, synchronous direction, commodity production, diverse products of quality, ensuring food safety brings high added value, improving income for producers and traders. The goal by 2030, the tea planting area of Vietnam reaches from 135 to 140 thousand hectares; strive by 2025 the area of safe-certified tea will be 55% and by 2030 about 75%.
To boost exports to major markets around the world and increase tea export turnover, the tea industry in Vietnam must promote safe tea production; encourage tea-producing enterprises to apply high technology, focus on quickly increasing the proportion of high-value products and new products.
In particular, enterprises need to invest in deep processing of tea products, reduce green tea output, increase deep-processed tea products and specialty tea, such as oolong tea, fermented tea, black tea, white tea, tea scented with various types of flowers… Localities need to promote safe tea production; encourage people to produce tea applying high technology, biology, organic agriculture; support people to link production with processing and product consumption.
>> Read more: Vietnam Rice Export: Top Types Of Tea Exported Abroad
As a leading B2B platform, Freshdi.com is proud to share these insights about the tea industry in Vietnam. We connect Vietnam tea suppliers, Vietnam tea wholesalers, Vietnam tea exporters, and Vietnam tea export companies with global buyers, providing them with up-to-date market information and trends. Our mission is to promote Vietnamese tea to the world and contribute to the growth of Vietnam’s tea industry. We believe in the potential of Vietnamese tea and are committed to providing the most accurate and timely information to our users.
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 summary, despite challenges, the future is promising for Vietnam Tea Suppliers, Vietnam Tea Wholesalers, Vietnam Tea Exporters, and Vietnam Tea Export Companies. With rising global tea demand, strategic investments in sustainable practices and product diversification could unlock significant growth. The industry’s resilience, adaptability, and favorable trade policies position it well to capitalize on these trends, reinforcing Vietnam’s status in the global tea market.
Source:
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https://vneconomy.vn/xuat-khau-che-sa-sut-vi-cham-dau-tu-vao-che-bien-sau.htm
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