Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines (CIF) - 2024
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines (FOB) - 2022
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines (CIF) - 2024
The average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $1,846 per ton in March 2024, dropping by -75.8% against the previous month. Overall, the import price continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in February 2024 when the average import price increased by 109% against the previous month. As a result, import price reached the peak level of $7,642 per ton, and then shrank notably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,420 per ton), while the price for Singapore ($301 per ton) was amongst the lowest.
From January 2024 to March 2024, the most notable rate of growth in terms of prices was attained by Sri Lanka (+27.9%), 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 the Philippines (FOB) - 2022
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $27,641 per ton in 2022, leveling off at the previous year. In general, the export price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2020 an increase of 1,438%. Over the period under review, the average export prices hit record highs at $27,647 per ton in 2021, and then declined slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($47,831 per ton), while the average price for exports to the United Arab Emirates ($2,784 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 Hong Kong SAR (+61.1%), 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 the Philippines
In 2022, supplies from abroad of tea, green; (not fermented), in immediate packings of a content exceeding 3kg was finally on the rise to reach 120 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a significant curtailment.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg surged to $366K in 2022. Over the period under review, imports, however, recorded a significant decrease.
Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 2,389 | 937 | 211 | 235 | -53.8% |
China | 811 | 75.8 | 12.6 | 74.1 | -55.0% |
Indonesia | 235 | 207 | N/A | N/A | -11.9% |
Others | 252 | 347 | 30.8 | 57.3 | -39.0% |
Total | 3,687 | 1,566 | 254 | 366 | -53.7% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to the Philippines in 2022:
- Vietnam (91.7 tons)
- China (22.8 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines
In 2022, overseas shipments of tea, green; (not fermented), in immediate packings of a content exceeding 3kg were finally on the rise to reach 153 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp setback.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg surged to $4.2K in 2022. In general, exports, however, faced a dramatic shrinkage.
Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.6 | 9.4 | 0.1 | 2.4 | -46.4% |
Nigeria | N/A | N/A | N/A | 0.8 | 0% |
Kuwait | 0.5 | N/A | N/A | 0.5 | 0.0% |
United Arab Emirates | 68.8 | 11.8 | N/A | 0.1 | -88.7% |
New Zealand | N/A | N/A | N/A | 0.1 | 0% |
Fiji | N/A | N/A | N/A | N/A | 0% |
Saudi Arabia | 7.5 | N/A | 0.1 | N/A | -88.5% |
Others | 1.7 | 51.6 | 0.2 | 0.3 | -43.9% |
Total | 94.1 | 72.8 | 0.5 | 4.2 | -64.5% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from the Philippines in 2022:
- United States (51.0 kg)
- Nigeria (41.0 kg)
- United Arab Emirates (25.0 kg)
- Kuwait (24.0 kg)
- Fiji (5.0 kg)
- New Zealand (3.0 kg)
This report provides an in-depth analysis of the tea market in the Philippines.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in the Philippines.
This report provides an in-depth analysis of the global tea market.
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