Accumulated in the first 4 months of 2020, tea exports are estimated at 35 thousand tons, worth US $ 52 million, down 3.7% in volume and down 16.3% in value over the same period in 2019.
The Import and Export Department (Ministry of Industry and Trade) said that according to preliminary statistics, Vietnam's tea export in April 2020 was estimated at 8,000 tons, valued at US $ 13 million, down 14.2% in volume. and down 16.9% in value compared to April 2019. Average export price of tea is estimated at 1,625.0 USD / ton, down 3.2% compared to April 2019.
Accumulated in the first 4 months of 2020, tea export is estimated at 35 thousand tons, worth US $ 52 million, down 3.7% in volume and down 16.3% in value over the same period in 2019. Tea export price On average, in the first 4 months of 2020, it is estimated at 1,496.1 USD / ton, down 5.6% compared to the same period in 2019. According to the Export-Import Department, the Covid-19 pandemic was the main cause of tea export. Vietnam decreased.
On the world market, according to Reuters, the Covid-19 epidemic caused tea production, import-export activities to be delayed, causing interrupted global tea supply. China, India, Kenya, Sri Lanka and Vietnam are the five largest tea export markets in the world, accounting for 82% of global tea exports. However, due to the influence of the ban on movement, blockade and social distance that affected the crops of tea exporting countries, the delayed export shipments caused a sharp increase in tea prices.
Tea production in China in 2020 is expected to decrease due to the cold weather in April 2020. While tea exports of India and Sri Lanka were affected by labor shortages due to the Covid-19 epidemic and adverse weather. India's tea production is expected to decline by 9% in 2020 due to blockade orders that stop the plantation. When the blockade order in India was relaxed, tea gardens were only operating at around 50% of their capacity compared to before the outbreak.
According to the International Tea Commission, India's tea exports are forecast to decline by 7% by 2020. Notably, Kenya's tea harvest is not significantly affected by the Covid-19 epidemic and its tea production is expected to increase by 15% in 2020. Vietnam's tea production is not expected to be affected much. However, Vietnam's tea production only accounts for a small proportion in the global market.
