Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada (CIF) - 2024
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada (FOB) - 2024
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada (CIF) - 2024
In March 2024, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $9,824 per ton, with a decrease of -10.3% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 36% against the previous month. The import price peaked at $12,386 per ton in April 2023; however, from May 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was India ($16,197 per ton), while the price for Indonesia ($2,924 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Belgium (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada (FOB) - 2024
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $3,782 per ton in March 2024, with a decrease of -4.6% against the previous month. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 110% month-to-month. As a result, the export price reached the peak level of $26,134 per ton. From May 2023 to March 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($19,903 per ton), while the average price for exports to the United States stood at $3,745 per ton.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.5%).
Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada
In 2022, after two years of decline, there was significant growth in overseas purchases of tea, green; (not fermented), in immediate packings of a content exceeding 3kg, when their volume increased by 16% to 124 tons. Over the period under review, imports, however, saw a sharp downturn.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg soared to $1.1M in 2022. Overall, imports, however, showed a significant decrease.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,451 | 3,469 | 361 | 435 | -56.9% |
| Japan | 621 | 914 | 129 | 337 | -18.4% |
| United States | 3,297 | 2,842 | 330 | 239 | -58.3% |
| India | 99.1 | 163 | 29.5 | 36.3 | -28.4% |
| Germany | 817 | 512 | 51.0 | 20.3 | -70.8% |
| Vietnam | 65.7 | 50.4 | 10.1 | 3.6 | -62.0% |
| Indonesia | 104 | 0.3 | 2.9 | 0.1 | -90.1% |
| Others | 753 | 550 | 64.1 | 59.7 | -57.0% |
| Total | 11,207 | 8,500 | 979 | 1,131 | -53.4% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Canada in 2022:
- United States (59.8 tons)
- China (41.4 tons)
- Japan (12.3 tons)
- India (3.5 tons)
- Germany (1.5 tons)
- Vietnam (1.0 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada
In 2022, shipments abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -9.9% to 59 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of 69 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg fell significantly to $628K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $828K, and then dropped notably in the following year.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 451 | 550 | 705 | 406 | -3.4% |
| United Kingdom | 7.1 | 0.3 | 28.2 | 97.9 | 139.8% |
| Bermuda | N/A | 0.4 | N/A | 54.0 | 1061.9% |
| United Arab Emirates | 28.3 | 17.7 | 38.7 | 30.0 | 2.0% |
| Sri Lanka | N/A | N/A | N/A | 11.7 | 0% |
| Pakistan | 26.4 | N/A | N/A | N/A | 0% |
| Others | 25.2 | 13.6 | 56.5 | 28.2 | 3.8% |
| Total | 538 | 581 | 828 | 628 | 5.3% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Canada in 2022:
- United States (43.5 tons)
- United Kingdom (6.0 tons)
- Sri Lanka (4.0 tons)
- Bermuda (2.3 tons)
- United Arab Emirates (1.2 tons)
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