United Kingdom - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in the UK - 2023
Contents:
- Extracts of Tea Price in the UK (CIF) - 2022
- Extracts of Tea Price in the UK (FOB) - 2023
- Extracts of Tea Imports in the UK
- Extracts of Tea Exports in the UK
Extracts of Tea Price in the UK (CIF) - 2022
The average extracts of tea import price stood at $10,369 per ton in 2022, falling by -11.7% against the previous year. Overall, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. As a result, import price reached the peak level of $11,739 per ton, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($38,172 per ton), while the price for Singapore ($1,403 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in the UK (FOB) - 2023
The average extracts of tea export price stood at $11,073 per ton in June 2023, picking up by 1.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 an increase of 35% month-to-month. The export price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($15,168 per ton), while the average price for exports to Norway ($3,511 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Imports in the UK
In 2022, imports of extracts, essences and concentrates of tea or mate into the UK surged to 2.7K tons, picking up by 28% compared with the year before. Overall, imports, however, saw a deep contraction.
In value terms, extracts of tea imports amounted to $28M in 2022. The total import value increased at an average annual rate of +14.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
Import of Extracts of Tea in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 0.3 | 1.7 | 2.1 | 11.7 | 239.1% |
United States | 0.4 | 0.4 | 0.6 | 5.3 | 136.6% |
Germany | 6.2 | 1.7 | 1.5 | 3.1 | -20.6% |
South Korea | 0.1 | 0.1 | 0.8 | 1.2 | 128.9% |
Kenya | 1.5 | 0.1 | 0.3 | 0.9 | -15.7% |
Netherlands | 2.4 | 6.2 | 13.9 | 0.8 | -30.7% |
Taiwan (Chinese) | 0.2 | 0.2 | 0.4 | 0.7 | 51.8% |
China | 0.6 | 0.3 | 0.5 | 0.7 | 5.3% |
Singapore | N/A | N/A | 0.1 | 0.4 | 300.0% |
Japan | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
Thailand | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
Poland | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
Spain | 2.2 | 2.2 | N/A | 0.1 | -64.3% |
Others | 4.5 | 8.9 | 4.0 | 2.1 | -22.4% |
Total | 18.6 | 22.1 | 24.6 | 27.9 | 14.5% |
Top Suppliers of Extracts of Tea to the UK in 2022:
- Germany (646.3 tons)
- United States (398.2 tons)
- Ireland (307.4 tons)
- Singapore (268.9 tons)
- South Korea (229.9 tons)
- Poland (126.6 tons)
- Taiwan (Chinese) (105.8 tons)
- Japan (84.4 tons)
- Kenya (72.9 tons)
- China (65.1 tons)
- Thailand (42.6 tons)
- Netherlands (33.2 tons)
- Spain (14.3 tons)
Extracts of Tea Exports in the UK
In 2022, shipments abroad of extracts, essences and concentrates of tea or mate decreased by -22.1% to 833 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, the exports attained the peak of 10K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, extracts of tea exports contracted significantly to $6.5M in 2022. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 53%. As a result, the exports reached the peak of $71M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Extracts of Tea in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 4.9 | 10.3 | 2.2 | 1.4 | -34.1% |
Ireland | 10.7 | 10.3 | 0.9 | 1.2 | -51.8% |
Netherlands | 4.1 | 7.2 | 0.6 | 1.0 | -37.5% |
France | 4.4 | 7.4 | 0.6 | 0.3 | -59.1% |
Turkey | 0.1 | N/A | 0.2 | 0.2 | 26.0% |
Canada | 0.8 | 1.1 | 0.1 | 0.2 | -37.0% |
Czech Republic | 0.7 | 0.6 | 0.1 | 0.2 | -34.1% |
United Arab Emirates | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Poland | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
United States | 2.0 | 0.5 | 0.1 | 0.2 | -53.6% |
Italy | 2.0 | 3.9 | 0.8 | 0.1 | -63.2% |
Malta | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
Spain | 1.3 | 3.3 | 0.1 | 0.1 | -57.5% |
Others | 15.0 | 25.8 | 2.0 | 1.2 | -56.9% |
Total | 46.7 | 71.3 | 8.2 | 6.5 | -48.2% |
Top Export Markets for Extracts of Tea from the UK in 2022:
- Germany (206.8 tons)
- Netherlands (147.2 tons)
- Ireland (138.2 tons)
- France (49.7 tons)
- Malta (34.9 tons)
- United Arab Emirates (28.0 tons)
- United States (24.7 tons)
- Canada (21.4 tons)
- Turkey (18.5 tons)
- Poland (15.4 tons)
- Czech Republic (14.1 tons)
- Spain (10.9 tons)
- Italy (10.3 tons)
This report provides an in-depth analysis of the extracts of tea market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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