Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa (CIF) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa (CIF) - 2022
In 2022, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $2,552 per ton, waning by -25% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2019 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $4,797 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Taiwan (Chinese) ($5,937 per ton), while the price for China ($2,343 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.1%), 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 South Africa (FOB) - 2022
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $4,407 per ton in 2022, surging by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum at $4,633 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($9,425 per ton), while the average price for exports to Lesotho ($1,129 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 Namibia (+12.9%), 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 South Africa
In 2022, the amount of tea, green; (not fermented), in immediate packings of a content exceeding 3kg imported into South Africa surged to 625 tons, jumping by 103% compared with 2021. Overall, imports saw a significant expansion. 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 $1.6M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2019 indices. As a result, imports attained 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 South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 694 | 925 | 925 | 1,418 | 26.9% |
Germany | 48.1 | 23.9 | 24.3 | 56.9 | 5.8% |
Hong Kong SAR | 115 | 111 | 2.3 | 0.7 | -81.7% |
Others | 134 | 47.8 | 97.3 | 119 | -3.9% |
Total | 991 | 1,107 | 1,049 | 1,595 | 17.2% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to South Africa in 2022:
- China (605.4 tons)
- Germany (9.6 tons)
- Hong Kong SAR (0.2 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa
Exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg from South Africa skyrocketed to 351 tons in 2022, picking up by 131% on 2021 figures. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg skyrocketed to $1.5M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 0.2 | N/A | N/A | 771 | 1468.0% |
Botswana | 183 | 132 | 136 | 193 | 1.8% |
Lesotho | 39.3 | 47.4 | 72.8 | 92.7 | 33.1% |
Namibia | 108 | 52.1 | 57.4 | 70.4 | -13.3% |
Mozambique | 54.7 | 67.6 | 43.1 | 58.7 | 2.4% |
Zimbabwe | 8.5 | 15.3 | 9.7 | 58.0 | 89.7% |
Democratic Republic of the Congo | 9.7 | 13.9 | 30.6 | 42.3 | 63.4% |
Swaziland | 133 | 45.9 | 73.6 | 37.8 | -34.3% |
Zambia | 68.3 | 29.2 | 28.6 | 30.8 | -23.3% |
Germany | N/A | 1.1 | N/A | 29.7 | 419.6% |
Finland | N/A | N/A | N/A | 29.7 | 0% |
United Kingdom | N/A | N/A | 1.7 | 27.3 | 1505.9% |
Others | 151 | 87.9 | 171 | 104 | -11.7% |
Total | 756 | 493 | 625 | 1,546 | 26.9% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from South Africa in 2022:
- Japan (91.2 tons)
- Lesotho (82.1 tons)
- Botswana (67.8 tons)
- Namibia (16.5 tons)
- Swaziland (15.0 tons)
- Zimbabwe (14.8 tons)
- Mozambique (9.9 tons)
- Democratic Republic of the Congo (9.7 tons)
- Finland (9.4 tons)
- Germany (8.7 tons)
- United Kingdom (7.2 tons)
- Zambia (5.7 tons)
This report provides an in-depth analysis of the tea market in South Africa.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in South Africa.
This report provides an in-depth analysis of the global tea market.
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