The average export price of tea items in the first 6 months of 2019 reached US $ 1,731.2 / ton, up 7.2% over the same period in 2018.
The Import and Export Department (Ministry of Industry and Trade) cited statistics of the General Department of Customs, tea exports in June 2019 reached 10.5 thousand tons, worth US $ 18.2 million, down 9% in volume and 10 , 1% in value over the same period in 2018. Accumulated from the beginning of the year to the end of June 2019, tea export reached 57.2 thousand tons, valued at US $ 99 million, up 1.4% in volume and 8 , 7% in value over the same period in 2018. The average export price of tea items in the first 6 months of 2019 reached US $ 1,731.2 / ton, up 7.2% over the same period in 2018.
In the first 6 months of 2019, Pakistan is the largest tea export market, reaching 17.2 thousand tons, valued at US $ 34.6 million, up 28.7% in volume and 15.6% in value compared to the same period last year. The average export price of tea to this market in the first 6 months of 2019 reached US $ 2,007.9 / ton, down 10.2% compared to the same period in 2018.
Followed by Taiwan market reached 8.5 thousand tons, valued at US $ 13.3 million, up 5.2% in volume and 5.4% in value; The average export price reached US $ 1,559.9 / ton, up slightly from the same period in 2018.
Tea exports to Russia reached 6.5 thousand tons, valued at US $ 10.1 million, down 10.6% in volume and 8.7% in value over the same period in 2018. Average export price of goods tea to Russia reached 1,537.3 USD / ton, up 2.1% over the same period last year.
Notably, although the amount of tea exported to China dropped sharply, the average export price to this market increased, so the value of tea exports to China reached US $ 10.3 million, up 45, 5% compared to the same period in 2018.
On the world market, according to Researchandmarkets. com, the annual growth rate of the global tea market in the period of 2011-2018 is at 5.63%, reaching 6.2 million tons in 2018. The global tea market is forecast to reach 7.58 million tons. by 2024, thanks to the tea manufacturers, who have launched high-end products and aimed at health and consumer demand.
Tea is a cheap beverage and is consumed on all consumer groups. A major factor supporting the popularity of tea in markets, such as those in India and China, is the fact that tea demand is very high due to the large population, the majority of tea demand. belong to the low income group.
Among the tea segments such as black tea, green tea, oolong tea and herbal tea ... black tea is the most popular because of its health benefits such as anti-allergic, anti-viral and antispasmodic effects.
