According to statistics from the General Department of Customs , in the first 9 months of 2023, Vietnam's tea exports reached 82 thousand tons, worth 140.8 million USD, down 14.2% in volume and 15.9% in value. value compared to the same period in 2022.

The average export price of tea reached 1,717.3 USD/ton, down 2% over the same period in 2022.

Tea exports in the last months of 2023 still lack positive signals

In September 2023 alone, tea exports reached 11.1 thousand tons, worth 18.9 million USD, down 16.2% in volume and down 11% in value compared to September 2022. The average export price of tea in September 2023 reached 1,711.1 USD/ton, up 6.2% compared to September 2022.

Vietnam's tea export market in the first 9 months of 2023

Source: Calculated according to statistics from the General Department of Customs

Tea exports to major markets all decreased significantly in the first 9 months of 2023. In particular, the main export market of the tea industry, Pakistan, is still facing inflation and high interest rates, along with The shortage of foreign currency causes importers to limit tea purchases. Therefore, tea exports to the Pakistani market continue to trend downward.

In the first 9 months of 2023, tea exported to this market reached 33.4 thousand tons, worth 64.5 million USD, down 12.3% in volume and down 10% in value compared to the same period in 2022.

Next was export to the Taiwan market (China) reaching 10.7 thousand tons, worth 17.9 million USD, down 8.3% in volume and down 10.2% in value; to Russia reached 5 thousand tons, worth 8.4 million USD, down 32.6% in volume and 35.2% in value...

Among the main export markets in the first 9 months of 2023, Iraq and Saudi Arabia are two markets recording double-digit export growth. Accordingly, the Iraqi market increased by 48.8% in volume and 32.9% in value; Meanwhile, the Saudi Arabian market increased by 12.2% in volume but decreased by 3.3% in value compared to the same period last year.

Industry experts say that the prospect of tea export in the last months of 2023 does not show positive signs, when tea consumption demand in countries is limited due to the pressure of inflation.

In addition, tea businesses also face difficulties as regulations on technical barriers become increasingly strict, causing Vietnamese tea businesses to not be able to meet and take advantage of opportunities from FTAs that Vietnam has signed . .