Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile - 2024

Contents:

  1. Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile (CIF) - 2022
  2. Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile (FOB) - 2022
  3. Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile
  4. Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile

Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile (CIF) - 2022

The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $3,231 per ton in 2022, approximately equating the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -19.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 49%. Over the period under review, average import prices hit record highs at $4,027 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the Netherlands ($10,621 per ton), while the price for Vietnam ($1,970 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), 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 Chile (FOB) - 2022

In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $8,345 per ton, almost unchanged from the previous year. Over the period under review, the export price, however, showed a slight increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 170%. The export price peaked at $14,592 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($8,903 per ton), while the average price for exports to France totaled $8,066 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+39.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile

In 2022, purchases abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -19.9% to 137 tons, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports reached the peak of 606 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg declined notably to $441K in 2022. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 4% against the previous year. As a result, imports reached the peak of $2M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,1621,164415361-32.3%
United States47.225945.224.9-19.2%
KenyaN/AN/A17.317.72.3%
Sri Lanka11110541.311.5-53.0%
Vietnam133171N/A1.9-75.7%
Indonesia343216N/AN/A-37.0%
Others85.941.731.824.6-34.1%
Total1,8811,957551441-38.3%

Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Chile in 2022:

  1. China (118.7 tons)
  2. United States (6.5 tons)
  3. Kenya (4.4 tons)
  4. Sri Lanka (3.3 tons)
  5. Vietnam (0.9 tons)

Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile

In 2022, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg from Chile shrank dramatically to 29 kg, which is down by -95.8% against 2021 figures. Over the period under review, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 247% against the previous year.

In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg declined markedly to $242 in 2022. In general, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2021 when exports increased by 100% against the previous year.

Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France9.0N/AN/A0.2-71.9%
CanadaN/AN/AN/A0.10%
Spain0.10.15.4N/A634.8%
New ZealandN/A0.7N/AN/A0%
Antigua and BarbudaN/A0.7N/AN/A0%
Sweden0.7N/AN/AN/A0%
Malaysia5.81.2N/AN/A-79.3%
OthersN/A0.30.5N/A66.7%
Total15.62.95.90.2-76.6%

Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Chile in 2022:

  1. France (19.0 kg)
  2. Canada (10.0 kg)

Source: IndexBox Market Intelligence Platform

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