Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia (CIF) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia (CIF) - 2022
In 2022, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $16,118 per ton, waning by -13.8% against the previous year. Overall, the import price, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 96%. As a result, import price attained the peak level of $18,701 per ton, and then dropped 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 Lithuania ($33,823 per ton), while the price for China ($7,324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+15.1%), 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 Latvia (FOB) - 2022
In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $21,841 per ton, jumping by 18% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg increased by +123.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 89%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($37,515 per ton), while the average price for exports to Romania ($4,958 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 Norway (+9.0%), 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 Latvia
For the third year in a row, Latvia recorded decline in purchases abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg, which decreased by -18.6% to 4 tons in 2022. In general, imports saw a sharp reduction. The smallest decline of -0.4% was in 2020.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg shrank sharply to $65K in 2022. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 79%. As a result, imports attained the peak of $180K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 45.0 | 80.7 | 55.4 | 23.8 | -19.1% |
| Lithuania | 0.1 | 0.3 | 3.6 | 13.3 | 410.4% |
| Germany | 6.3 | 53.0 | 22.3 | 12.3 | 25.0% |
| Sri Lanka | 0.1 | 12.8 | N/A | 8.8 | 344.8% |
| Azerbaijan | 0.1 | N/A | N/A | 3.0 | 210.7% |
| China | 13.0 | 5.1 | 6.1 | 0.1 | -80.3% |
| Vietnam | 16.4 | N/A | N/A | N/A | 0% |
| Singapore | 9.1 | 13.5 | N/A | N/A | 48.4% |
| Others | 10.7 | 15.0 | 4.6 | 3.3 | -32.4% |
| Total | 101 | 180 | 92.0 | 64.6 | -13.8% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Latvia in 2022:
- Poland (1653.0 kg)
- Sri Lanka (978.0 kg)
- Germany (518.0 kg)
- Lithuania (394.0 kg)
- Azerbaijan (374.0 kg)
- China (11.0 kg)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Latvia
In 2022, shipments abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -52.1% to 2.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 500% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg dropped notably to $49K in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 304% against the previous year. As a result, the exports reached the peak of $134K. 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 Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 13.7 | 28.7 | 22.8 | 29.3 | 28.8% |
| Estonia | 17.8 | 47.7 | 58.8 | 15.0 | -5.5% |
| Romania | N/A | 1.1 | N/A | 4.7 | 106.7% |
| Russia | N/A | 35.6 | 1.9 | N/A | -94.7% |
| Poland | 1.5 | 20.9 | 1.0 | N/A | -18.4% |
| Others | 0.1 | 0.2 | 2.6 | 0.3 | 44.2% |
| Total | 33.2 | 134 | 87.1 | 49.3 | 14.1% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Latvia in 2022:
- Romania (948.0 kg)
- Lithuania (782.0 kg)
- Estonia (517.0 kg)
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