Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan - 2023
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan (CIF) - 2023
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan (CIF) - 2023
The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $1,922 per ton in December 2023, increasing by 4.2% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 31% against the previous month. As a result, import price reached the peak level of $2,451 per ton. From June 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Indonesia ($2,403 per ton), while the price for Vietnam ($1,878 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), 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 Pakistan (FOB) - 2022
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $5,694 per ton in 2022, picking up by 106% against the previous year. Overall, the export price continues to indicate a prominent expansion. The export price peaked at $6,585 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($6,278 per ton) and the UK ($5,827 per ton), while the average price for exports to Afghanistan ($5,400 per ton) and the United States ($5,460 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 United Arab Emirates (+20.1%), 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 Pakistan
In 2022, after three years of growth, there was significant decline in supplies from abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg, when their volume decreased by -30.7% to 6.5K tons. Over the period under review, imports saw a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of 9.4K tons, and then dropped markedly in the following year.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg contracted markedly to $14M in 2022. In general, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of $20M, and then fell markedly in the following year.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 11.8 | 12.8 | 14.8 | 11.1 | -2.0% |
| China | 2.3 | 2.2 | 3.6 | 2.1 | -3.0% |
| Iran | 0.1 | 0.5 | 0.3 | 0.3 | 44.2% |
| Bangladesh | 0.6 | 0.5 | 0.6 | 0.2 | -30.7% |
| Indonesia | 0.2 | 0.5 | 0.4 | 0.2 | 0.0% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 15.0 | 16.5 | 19.8 | 14.1 | -2.0% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Pakistan in 2022:
- Vietnam (5.1K tons)
- China (1.0K tons)
- Iran (0.3K tons)
- Indonesia (0.1K tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan
In 2022, shipments abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg increased by 114% to 8 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a sharp downturn.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg skyrocketed to $46K in 2022. Overall, exports, however, continue to indicate a sharp reduction.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 6.7 | 5.4 | 20.4 | 74.5% |
| United Kingdom | 0.7 | 43.8 | 0.2 | 18.9 | 200.0% |
| Australia | 8.9 | 10.7 | 3.3 | 5.4 | -15.3% |
| Kazakhstan | 142 | N/A | N/A | N/A | 0% |
| Mozambique | 6.0 | N/A | N/A | N/A | 0% |
| Canada | N/A | 14.4 | 1.4 | N/A | -90.3% |
| Others | 6.3 | 5.4 | N/A | 0.9 | -47.7% |
| Total | 164 | 80.9 | 10.3 | 45.6 | -34.7% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Pakistan in 2022:
- United States (3.7 tons)
- United Kingdom (3.2 tons)
- Australia (0.9 tons)
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