Vietnam Leads In Tea Exports To Taiwan

 Vietnam Leads In Tea Exports To Taiwan


Last year, the market share of  Vietnamese tea exports to Taiwan accounted for 55.23% of the whole turnover of this market.



Statistics from Taiwan's Foreign Trade Administration (BOFT) show that last year Taiwan imported over 33,000 plenty of tea from quite 30 partners around the world. Total tea import turnover of this economy reached USD 87.8 million, up 8.58% in volume and 13.39% in turnover compared to 2020.


Vietnam continues to be the most important supplier of tea to Taiwan in 2021 with 18,330 tons, reaching 28.91 million USD, up 7.1% in volume and seven.47% in value compared to 2020. This amount accounts for 55.23% market share of imports to Taiwan. However, compared with 9 years ago, this proportion has decreased by 8%.


The reason for the decrease in market share is because of the impact of the epidemic for 3 consecutive years, making export activities difficult. On the other hand, Taiwan is increasingly strict in goods control, which raises the quality of tea. This reduces the quantity of Vietnamese tea exported to the Taiwan market. In particular, many Vietnamese enterprises haven't reached the residue threshold of pesticides.



At the consultation session on exporting tea and occasional products to Taiwan and Hong Kong markets last week, Ms. Nguyen Thu Thuy - Deputy Director of the Export Support Center (Ministry of Industry and Trade), assessed if Vietnam improved quality of tea, this year exports of this product to the above markets may increase sharply.


In the first 2 months of the year, Vietnam's tea exports reached 2,000 tons, worth 3 million USD, up 3.5% in volume and 0.9% in value over the identical period in 2021. Vietnam has also been exported to over 70 countries and territories. In which, Pakistan, Taiwan, Russia, Indonesia, Red China are the 5 key markets of Vietnamese tea.


Currently, the most competitor of Vietnam's tea in Taiwan is the state (accounting for 15.43% of the market share); India (10.28%); Indonesia (6.46%) and China (4.79%)...


According to Taiwan's regulations, tea products imported into this market must meet "regulations on inspection of imported food and related products". Importers must register for inspection with the Taiwan Food and Drug Administration (FDA), in which, some products are prohibited from importing items originating from Red China.


According to Taiwan's import tariff, the import tariff on tea of ​​Vietnamese origin ranges from 17% to 22% or 25% depending on the sort. In particular, pesticide residues, Fipronil residues, were allowed to be 0.002ppm rather than 0.005ppm (2014).

Comments

Post a Comment

Popular posts from this blog

Top 3 Kinds Of Tea Exported By Vietnam

Image
  Top 3 Kinds Of Tea Exported By Vietnam Vietnam is known as rustic with an extended tradition of drinking tea. Tea appears to be an activity of Vietnamese people's life. From the table to speak to each other to the business discussions or to the tea packages given to each other to congratulate one another... This tradition has now been introduced to the planet through tea export activities. So what are Vietnam's export teas? Where is that the address to provide genuine and reliable tea? Find out in the article below! Overview of Vietnamese Teas Accordingly, Vietnam continues to be the biggest tea export partner to Taiwan within the first 5 months of this year, reaching 5.76 loads of tea, total turnover of 8.17 million USD, down 10.66% over the identical period. . Vietnam's tea exports to Taiwan within the first five months of the year accounted for 51.12% of Taiwan's total tea imports, but only 28.35% of the whole value. The subsequent partners are: Japan, Sri Lanka, I...
Read more

VIETNAM AND POPULAR TEA AREAS

Image
  VIETNAM AND POPULAR TEA AREAS August 18, 2022 Factory Offers Vietnam is popularly known as the seventh largest tea producer, the fifth largest tea exporter in the world with about 124,000 hectares of tea growing area, more than 500 tea production and processing facilities with a capacity of over 500,000 tons of dry tea per year.   Along the length of the country, the image of Vietnamese tea trees is deeply imprinted by the soil of each land, by the lifestyle and farming habits, reflecting the spirit and life of the Vietnamese people. We are proud of the famous varieties of premium tea, which come from famous tea growing areas. Let's learn about famous tea growing regions in Vietnam with us below! 1 - Northwest  The Northwest Highland not only captivates travelers by the majestic natural scenery, the endless fantastic thing about Hoang Lien Son range, but also hides a precious gift: Northwest tea cherishing the taste of the mountains and forests. Northwest Vietnam is the...
Read more