Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador - 2022
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador (CIF) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador (CIF) - 2022
The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $3,493 per ton in 2022, waning by -14.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 an increase of 59% against the previous year. As a result, import price attained the peak level of $4,100 per ton, and then reduced 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 the United States ($10,277 per ton), while the price for Argentina ($2,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), 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 Ecuador (FOB) - 2022
In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $24,028 per ton, rising by 1.9% against the previous year. Overall, the export price posted a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 79%. Over the period under review, the average export prices hit record highs at $24,502 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($27,076 per ton) and Canada ($25,880 per ton), while the average price for exports to the Netherlands ($20,460 per ton) and the UK ($22,888 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+35.8%), 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 Ecuador
After three years of growth, purchases abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -17.1% to 57 tons in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports attained the peak of 69 tons, and then reduced remarkably in the following year.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg declined markedly to $200K in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 142% against the previous year. As a result, imports attained the peak of $283K, and then dropped notably in the following year.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 52.6 | 59.1 | 193 | 100 | 23.9% |
| Argentina | 19.7 | 23.3 | 11.0 | 44.6 | 31.3% |
| Germany | 12.5 | 13.6 | 41.3 | 30.8 | 35.1% |
| Peru | 3.1 | 4.2 | 7.2 | 7.2 | 32.4% |
| India | 2.3 | 2.9 | 5.2 | 5.3 | 32.1% |
| United States | 32.2 | 9.9 | 9.9 | 2.7 | -56.2% |
| Others | 6.8 | 3.9 | 14.9 | 9.1 | 10.2% |
| Total | 129 | 117 | 283 | 200 | 15.7% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Ecuador in 2022:
- China (24.4 tons)
- Argentina (21.8 tons)
- Germany (5.8 tons)
- India (2.4 tons)
- Peru (2.0 tons)
- United States (0.3 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador
In 2022, approx. 1.1 tons of tea, green; (not fermented), in immediate packings of a content exceeding 3kg were exported from Ecuador; remaining stable against the previous year's figure. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 0.8% against the previous year.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $26K in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 6.3%. As a result, the exports reached the peak of $26K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.3 | 17.2 | 7.7 | 14.0 | -4.9% |
| Netherlands | 3.6 | 6.7 | 12.4 | 10.3 | 42.0% |
| United Kingdom | 1.4 | 0.7 | 0.6 | 0.4 | -34.1% |
| Canada | 1.4 | N/A | 0.3 | 0.3 | -40.2% |
| Panama | 0.6 | 0.7 | 3.1 | 0.1 | -45.0% |
| Others | 1.2 | 0.6 | 1.1 | 0.3 | -37.0% |
| Total | 24.4 | 25.9 | 25.2 | 25.6 | 1.6% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Ecuador in 2022:
- United States (519.0 kg)
- Netherlands (504.0 kg)
- United Kingdom (18.0 kg)
- Canada (13.0 kg)
- Panama (5.0 kg)
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