Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea - 2022
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea (FOB) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea (CIF) - 2022
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea (FOB) - 2022
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $47,217 per ton in December 2022, surging by 107% against the previous month. Overall, the export price posted mild growth. The pace of growth was the most pronounced in June 2022 when the average export price increased by 208% m-o-m. Over the period under review, the average export prices reached the peak figure in December 2022.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2021 to December 2022, the rate of growth in terms of prices for Thailand amounted to +54.0% per month.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea (CIF) - 2022
The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $5,666 per ton in 2022, surging by 4.6% against the previous year. Overall, the import price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 108% against the previous year. As a result, import price reached the peak level of $13,896 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18,126 per ton), while the price for Vietnam ($2,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea
In 2022, approx. 124 tons of tea, green; (not fermented), in immediate packings of a content exceeding 3kg were exported from South Korea; picking up by 11% against 2021 figures. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, the exports reached the peak of 136 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 surged to $2.9M in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 113%. As a result, the exports attained the peak of $3.3M. 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 125 | 1,564 | 1,823 | 2,177 | 159.2% |
| Germany | 904 | 921 | 244 | 298 | -30.9% |
| France | 57.9 | 115 | 71.6 | 86.3 | 14.2% |
| United Kingdom | N/A | 174 | 43.3 | 84.8 | -30.2% |
| Netherlands | 9.1 | 36.0 | 56.6 | 49.0 | 75.3% |
| Singapore | 40.9 | 21.3 | 23.3 | 44.1 | 2.5% |
| Canada | 21.3 | 65.7 | 20.7 | 23.8 | 3.8% |
| Malaysia | 19.0 | 2.1 | 7.0 | 6.0 | -31.9% |
| Others | 372 | 404 | 138 | 97.0 | -36.1% |
| Total | 1,550 | 3,304 | 2,427 | 2,866 | 22.7% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from South Korea in 2022:
- United States (63.9 tons)
- Germany (19.0 tons)
- France (11.4 tons)
- United Kingdom (8.0 tons)
- Malaysia (4.7 tons)
- Netherlands (4.1 tons)
- Singapore (2.8 tons)
- Canada (1.8 tons)
Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea
In 2022, the amount of tea, green; (not fermented), in immediate packings of a content exceeding 3kg imported into South Korea rose rapidly to 12 tons, surging by 14% compared with the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year. As a result, imports reached the peak of 13 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg skyrocketed to $67K in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 120%. As a result, imports reached the peak of $78K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.8 | 22.4 | 23.6 | 29.4 | 12.2% |
| China | 8.5 | 19.1 | 18.8 | 27.4 | 47.7% |
| United States | 2.2 | 5.9 | 4.8 | 8.1 | 54.4% |
| Vietnam | N/A | 0.7 | 0.3 | 0.5 | -15.5% |
| Germany | 0.5 | 23.4 | 8.3 | N/A | 307.4% |
| Others | 3.4 | 6.2 | 0.8 | 1.7 | -20.6% |
| Total | 35.3 | 77.7 | 56.5 | 67.1 | 23.9% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to South Korea in 2022:
- China (6.7 tons)
- Japan (4.2 tons)
- United States (0.4 tons)
- Vietnam (0.2 tons)
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