November 15, 2024 | 10:48 GMT +7
November 15, 2024 | 10:48 GMT +7
Hotline: 0913.378.918
At the Consulting session on exporting tea and coffee products to Taiwan and Hong Kong markets, held by the Trade Promotion Agency (Ministry of Industry and Trade), on the morning of April 28, Mr. Vu Van Cuong, Chief Representative of the Trade Department of the Vietnam Economic and Cultural Office in Taipei, said that Vietnam is currently the largest source of imported tea for this market.
In 2020, Taiwan imported 31,000 tons of tea, worth $77 million. In which, Vietnam’s tea is 17 thousand tons, worth $27 million, accounting for 56% in quantity but only 35% in value of tea imported into Taiwan.
Vietnam’s tea imported into Taiwan is mainly used in food processing using tea ingredients such as milk tea, matcha powder (ground tea)... Consequently, Vietnam’s tea imported into Taiwan is usually packed in large bags, over 3kg/package. The type of tea in large packages in Taiwan is mainly Vietnam’s tea.
Meanwhile, tea from many other countries such as Japan, Sri Lanka ... imported into Taiwan is mainly packed in small bags, canned and sold at specialized tea shops, to sell to Taiwanese consumers to make daily drinks or give each other as gifts.
According to the Agency of Foreign Trade (Ministry of Industry and Trade), in the first 2 months of 2022, the Taiwanese market imported the most tea from Vietnam, reaching 2 thousand tons, worth $3 million, up 3.5% in quantity and 0.9% in value over the same period in 2021. Vietnam's tea import accounted for 47.7% of the total tea import volume of the Taiwan market in the first two months of the year.
Translated by Hoang Duy
(VAN) The assignment of production unit codes is a mandatory requirement, akin to a "passport," that enables the exportation of numerous specialty fruits from Hau Giang to demanding markets.
(VAN) If realized, production would be up slightly from a projected 19.7 million tonnes 2023-24.
(VAN) Vietnam's seafood exports to China saw strong growth in the first 10 months of the year, making China - Hong Kong the largest market for Vietnamese seafood exports.
(VAN) The trade deficit has decreased after 15 years of encouraging Vietnamese citizens to prioritize the use of Vietnamese products, and there has been a consistent trade surplus since 2016.
(VAN) After a sharp decline in 2023, fertilizer exports have regained growth this year, both in volume and value, although export prices are still on a downward trend.
(VAN) Despite the numerous obstacles, Vietnam is confident that its seafood export turnover will surpass 10 billion USD in 2024.
(VAN) The United States is the largest market for Vietnamese seafood. Exports to this market will present both opportunities and challenges with Donald Trump's return to the presidency.