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Vietnam Tea Industry Report 2020

Wednesday 18, 11 2020
Price
$240
Total pages
63
File
PDF
Category
Agriculture, Forestry and Fishing
Published year
2020
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
Tab 5
Executive Summary
Table of Facts & Figures
List of Rated Companies
Related Industries
The tea industry has long been an important sector in Vietnam to not only creates a myriad of jobs for local people, alleviates poverty, but also provides stable incomes for millions of growers across the country. The value chain of the tea industry is operated based on the three main activities: producing raw fresh tea, processing tea, and trading tea products. Some of the important factors affecting the development of the tea industry include tea growers, traders or collectors, processors, distributors, and exporters. In recent years, the tea industry has made great progress in tea growing, processing and trading. Tea production in 2019 will reach 1 million tons on an area of ​​123 thousand hectares. Tea export increased 8% in volume, reaching nearly 137.4 thousand tons, equivalent to 236 million USD. In which, the proportion of black tea and green tea accounted for 39.7% and 39.6% respectively.

Tea farmers in the industry are equipped with knowledge about tea production according to VietGAP standards, organic farming practices, and pesticide residues managing methods. In addition, processing facilities and enterprises are provided with machinery and automated equipment which continuously improves the quality of tea products. Currently, there are 257 industrial-scale tea processors in the Vietnamese tea market, with a workforce of up to 220 thousand people. The total designed capacity is estimated at 5.2 thousand tons of fresh buds/day. There are currently 60% of tea production is manufactured according to industrial process and 40% is hand-processed.

However, besides the achievements, the tea industry has been facing many difficulties. Despite being a country with a large tea export volume in the world, the competitiveness of tea products in terms of quality, designs, and brands in the international market remains low. Therefore, the average export tea price is not high compared to other competitors in the industry. Links in the value chain of the tea industry in Vietnam are weak, especially between enterprises and farmers, with many levels of middlemen collectors. Tea growers in numerous localities do not have proper attention to sustainable value chains. They are willing to break contracts with companies, sell tea to traders who offer higher prices, leading to a shortage of raw materials for processing and exporting enterprises.

After the EVFTA Agreement comes into effect, tea import tax to EU countries will be fully exempted, which is a huge opportunity to expand markets for Vietnamese tea exporters. Therefore, Vietnam needs to strengthen the chain of links between tea production and consumption, improve the quality of tea products, and promote the national brand of Vietnamese tea in the international market to take advantage of this agreement. It is forecasted that the tea market will continue to grow in the long term, especially in the Chinese market. Tea prices will tend to increase in the short term due to a shortage of supply resulting from the disruption in many tea-producing countries worldwide. This is a suitable time for Vietnam's tea industry to boost exports and increase market share in the global market.
CONTENTS

List of charts
List of tables
List of acronyms

1. Macro-economic situation
1.1. Economic growth
1.2. Trade and prices
1.3. Investment capital and State budget revenue and expenditure
1.4. Import and Export
1.5. Establishment and dissolution of enterprises

2. Overview of Vietnam’s Tea Industry
2.1. Major tea types in Vietnam
2.2. Tea industry value chain
2.3. Legal environment
2.4. Enterprise and labor structure in the industry
3. Development situation of Vietnam’s Tea Industry
3.1. Tea growing
3.2. Tea processing
3.3. Domestics tea consumption
3.4. Tea exports
3.5. Tea industry average financial ratios 2019
4. Opportunities, Challenges and Industry Development Prospects
5. Outstanding Companies in Tea Industry in 2019

LIST OF FIGURES
Figure 1.1.1: Vietnam GDP Growth Rate 2011-2020
Figure 1.2.1: Total retail sales of consumer goods and services at current prices 2015-2019
Figure 1.2.2: GDP Growth, CPI and Inflation (Last year = 100) 
Figure 1.2.3: Producer price index by sector compared to previous quarter
Figure 1.2.4: Commodity terms of trade growth rate 2015-2019 (%)
Figure 1.3.1: Growth rate and structure of social investment capital in 9 months of 2016-2020 period at current prices
Figure 1.4.1: Import-export turnover and trade balance of goods 2011-2019 (US $ billion)
Figure 1.5.1: Enterprise establishment in 9M/2020  (compared to 9M/2019)
Figure 2.4.1: Enterprise and labor structure in Vietnam’s tea industry
Figure 3.1.1: Growth of cultivated and harvested area of tea trees in 2015-2019
Figure 3.1.2: Growth of fresh tea buds production in 2015-2020
Figure 3.3.1: Largest tea growing regions in Vietnam
Figure 3.4.1: Export volume and value of tea in Vietnam in 2015-2019
Figure 3.4.2: Growth of export volume and value in Vietnam in 2015-2019
Figure 3.4.3: Tea export structure in 2018 and 2019
Figure 3.4.4: Export volume and value of tea in Vietnam to major markets in 2019
Figure 3.4.5: Structure of tea exports from Vietnam in 2019
Figure 3.4.6: Export volume and value of tea in Vietnam in 9M/2020

LIST OF TABLES
Table 1.1.1. GDP growth by sector Q2/2020 at current prices



 

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