Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka - 2022
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka (CIF) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka (CIF) - 2022
In 2022, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $2,569 per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 5.3%. Over the period under review, average import prices hit record highs at $2,825 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 India ($4,047 per ton), while the price for Vietnam ($1,607 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-0.7%), while the prices for the other major suppliers experienced a decline.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka (FOB) - 2022
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $6,108 per ton in 2022, shrinking by -3.7% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +6.3% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs at $6,622 per ton in 2019; however, from 2020 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 France ($11,648 per ton), while the average price for exports to Burkina Faso ($328 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 Pakistan (+9.7%), 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 Sri Lanka
In 2022, approx. 2.7K tons of tea, green; (not fermented), in immediate packings of a content exceeding 3kg were imported into Sri Lanka; waning by -6.2% compared with 2021. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg fell to $6.8M in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 5.7 | 6.5 | 6.2 | -7.4% |
| India | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 0.7 | 0.5 | 0.6 | 0.4 | -17.0% |
| Total | 8.5 | 6.3 | 7.4 | 6.8 | -7.2% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to Sri Lanka in 2022:
- China (2542.0 tons)
- India (51.9 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka
In 2022, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg from Sri Lanka contracted notably to 901 tons, falling by -17.7% on the year before. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg contracted significantly to $5.5M in 2022. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 71%.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 2,614 | 1,540 | 2,466 | 2,528 | -1.1% |
| United Arab Emirates | 1,890 | 296 | 1,027 | 686 | -28.7% |
| Taiwan (Chinese) | 600 | 274 | 436 | 366 | -15.2% |
| Russia | 419 | 136 | 316 | 287 | -11.8% |
| Ukraine | 635 | 362 | 551 | 272 | -24.6% |
| Germany | 258 | 54.2 | 119 | 119 | -22.7% |
| France | 543 | 263 | 372 | 102 | -42.7% |
| Pakistan | 0.7 | 3.7 | 5.0 | 81.9 | 389.1% |
| United States | 554 | 39.7 | 121 | 79.5 | -47.6% |
| Others | 2,312 | 1,093 | 1,531 | 982 | -24.8% |
| Total | 9,826 | 4,062 | 6,944 | 5,503 | -17.6% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from Sri Lanka in 2022:
- Libya (404.8 tons)
- United Arab Emirates (150.3 tons)
- Taiwan (Chinese) (51.3 tons)
- Russia (48.9 tons)
- Ukraine (40.4 tons)
- Germany (17.5 tons)
- Pakistan (14.1 tons)
- France (8.8 tons)
- United States (8.0 tons)
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