Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore - 2023
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore (FOB) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore (CIF) - 2022
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore (FOB) - 2022
In 2022, the average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $25,362 per ton, jumping by 51% against the previous year. Overall, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 170% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 Thailand ($222,139 per ton), while the average price for exports to the United Arab Emirates ($10,737 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 Thailand (+42.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore (CIF) - 2022
In 2022, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $22,657 per ton, with an increase of 25% against the previous year. In general, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 Japan ($51,436 per ton), while the price for Vietnam ($7,744 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore
In 2022, shipments abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg decreased by -24.7% to 161 tons, falling for the second year in a row after two years of growth. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of 236 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 expanded sharply to $4.1M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 231%. As a result, the exports reached the peak of $5.5M. 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 Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 285 | 1,148 | 1,276 | 1,475 | 73.0% |
Malaysia | 485 | 331 | 796 | 1,447 | 44.0% |
Hong Kong SAR | 26.6 | 65.9 | 144 | 349 | 135.9% |
Vietnam | 172 | 3,415 | 22.0 | 342 | 25.7% |
Thailand | 49.8 | 73.6 | 428 | 154 | 45.7% |
Ghana | 213 | N/A | N/A | N/A | 0% |
Others | 436 | 491 | 929 | 324 | -9.4% |
Total | 1,667 | 5,525 | 3,596 | 4,091 | 34.9% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Singapore in 2022:
- Indonesia (71.8 tons)
- Malaysia (70.5 tons)
- Vietnam (6.7 tons)
- Hong Kong SAR (4.0 tons)
- Thailand (0.7 tons)
Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore
In 2022, purchases abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg was finally on the rise to reach 15 tons after two years of decline. In general, imports, however, showed a precipitous slump.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg skyrocketed to $330K in 2022. Overall, imports, however, continue to indicate a sharp shrinkage.
Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 7,797 | 3,113 | 178 | 213 | -69.9% |
China | 4,662 | 7,050 | 45.3 | 60.7 | -76.5% |
Taiwan (Chinese) | 907 | 412 | 18.9 | 25.7 | -69.5% |
Germany | 181 | 65.8 | 3.6 | 9.7 | -62.3% |
Thailand | 407 | 66.6 | 2.8 | 5.8 | -75.8% |
Malaysia | 83.1 | 45.5 | 0.3 | 5.2 | -60.3% |
United Kingdom | 41.3 | 34.0 | 1.4 | 1.4 | -67.6% |
Vietnam | 75.9 | 27.2 | 0.3 | 1.2 | -74.9% |
Others | 284 | 204 | 7.5 | 6.9 | -71.0% |
Total | 14,439 | 11,019 | 258 | 330 | -71.6% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Singapore in 2022:
- China (7.3 tons)
- Japan (4.1 tons)
- Taiwan (Chinese) (1.0 tons)
- Thailand (0.6 tons)
- Malaysia (0.4 tons)
- Germany (0.4 tons)
- United Kingdom (0.2 tons)
- Vietnam (0.1 tons)
This report provides an in-depth analysis of the tea market in Singapore.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Singapore.
This report provides an in-depth analysis of the global tea market.
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