Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR (CIF) - 2024
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR (CIF) - 2024
The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $9,721 per ton in March 2024, picking up by 19% against the previous month. Overall, the import price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 149% m-o-m. As a result, import price reached the peak level of $19,538 per ton. From June 2023 to March 2024, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($14,018 per ton), while the price for China ($8,402 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 China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $8,353 per ton, stabilizing at the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 276%. As a result, the export price attained the peak level of $8,353 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($95,134 per ton), while the average price for exports to Jamaica ($652 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+36.0%), 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 Hong Kong SAR
Imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg into Hong Kong SAR surged to 4.4K tons in 2022, picking up by 116% compared with 2021 figures. In general, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg surged to $46M in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.2 | 23.5 | 14.1 | 40.9 | 42.3% |
| Taiwan (Chinese) | 3.2 | 3.2 | 3.6 | 3.4 | 2.0% |
| Japan | 0.9 | 1.4 | 1.4 | 1.2 | 10.1% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 18.5 | 28.2 | 19.2 | 45.5 | 35.0% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Hong Kong SAR in 2022:
- China (4.0K tons)
- Taiwan (Chinese) (0.3K tons)
- Japan (0.1K tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR
In 2022, shipments abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -35.4% to 69 tons, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by 429% against the previous year. As a result, the exports reached the peak of 1.4K 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 reduced markedly to $577K in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 1,889% against the previous year. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 260 | 3,325 | 594 | 461 | 21.0% |
| United Kingdom | 45.4 | 4,392 | 151 | 20.8 | -22.9% |
| Malaysia | 28.0 | N/A | 40.7 | 6.8 | -37.6% |
| Jamaica | 3.7 | 26.0 | 2.7 | 2.6 | -11.1% |
| South Africa | 115 | 1,443 | 2.4 | 0.5 | -83.7% |
| Others | 128 | 2,349 | 102 | 85.5 | -12.6% |
| Total | 580 | 11,535 | 892 | 577 | -0.2% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Hong Kong SAR in 2022:
- United States (59.9 tons)
- Jamaica (4.0 tons)
- Malaysia (1.4 tons)
- United Kingdom (1.4 tons)
- South Africa (0.1 tons)
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