The market share of Vietnamese tea exported to Russia decreased

According to the Import-Export Department (Ministry of Industry and Trade), citing data from the Russian Customs Service, in the first eight months of 2021, Russia imported 103.7 thousand tons of tea, worth 293.54 million USD, up 2.1 % in volume and 9.1% in value over the same period in 2020. The average price of imported tea reached 2,831.3 USD/ton, up 6.8% over the same period in 2020.

Tea exports increased sharply in both volume and value

Russia imported the most tea from the Indian market in the first 8 months of 2021, reaching 23.1 thousand tons, worth $ 64 million, down 18.8% in volume, but up 1.7% in value due to price increased sharply, reaching 2,764.6 USD/ton, up 25.2% over the same period in 2020. Next was the Kenya market with 20.9 thousand tons, worth 44.7 million USD, up 38.3% in terms of value. volume and increased by 27.7% in value; Sri Lanka reached 19.7 thousand tons, worth 75.6 million USD, down 0.8% in volume and 1.6% in value...

Vietnam is the 5th largest tea supplier to Russia, the volume and value of imports from Vietnam both decreased in the first 8 months of 2021, the proportion of tea imports from Vietnam accounted for 8.2%, down 2.1 percentage points over the same period in 2020.

Russia mainly imported black tea and green tea in the first 8 months of 2021. In which, black tea was the most imported type, reaching 94.3 thousand tons, worth $ 263.5 million, up 1.5 % in volume and 8% in value, the average price of imported black tea reached 2,793.6 USD/ton, up 6.4% over the same period in 2020.

Vietnam is the 4th largest supplier of black tea to Russia, however, the volume and value of imports from Vietnam decreased sharply in the first 8 months of 2021, although the average price of black tea imported from Vietnam reached 1,738, 4 USD/ton, up 10% over the same period in 2020. The proportion of black tea imports from Vietnam accounted for 8.5% of the total amount of Russian black tea imported, down 2.2 percentage points over the same period in 2020. .

Next is the type of Russian green tea imported in the first 8 months of 2021, reaching 9.3 thousand tons, worth 29.7 million USD, up 8.4% in volume and 19.3% in value compared In the same period of 2020. Russia imported green tea mainly from the Chinese market in the first 8 months of 2021, the amount of green tea imported from China accounted for 83.3% of the total amount of Russian green tea imported. Next are the markets of Sri Lanka, Vietnam, Indonesia…