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

Contents:

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

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

The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $2,833 per ton in 2022, reducing by -4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14%. Over the period under review, average import prices hit record highs at $3,608 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($11,172 per ton), while the price for Belarus ($395 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), 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 Russia (FOB) - 2022

In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $6,065 per ton, dropping by -15.3% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.2% 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 +14.6% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 69%. As a result, the export price attained the peak level of $7,411 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($56,671 per ton), while the average price for exports to Kyrgyzstan ($2,192 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 China (+192.2%), 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 Russia

In 2022, purchases abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -4.6% to 13K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. As a result, imports attained the peak of 13K tons, and then shrank modestly in the following year.

In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg contracted to $36M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of $39M, and then dropped in the following year.

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

1. China (8.1K tons)
2. Georgia (1.5K tons)
3. India (1.1K tons)
4. Belarus (0.6K tons)
5. Vietnam (0.6K tons)
6. Indonesia (0.2K tons)
7. Germany (0.2K tons)

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

In 2022, overseas shipments of tea, green; (not fermented), in immediate packings of a content exceeding 3kg were finally on the rise to reach 82 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a deep setback.

In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg totaled $496K in 2022. In general, exports, however, saw a noticeable setback.

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

1. Kazakhstan (54.2 tons)
2. Belarus (15.4 tons)
3. Kyrgyzstan (5.4 tons)
4. Germany (3.5 tons)
5. Ukraine (1.0 tons)

Source: IndexBox Market Intelligence Platform