Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK - 2024
Contents:
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK (CIF) - 2022
- Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK (FOB) - 2024
- Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK
- Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK (CIF) - 2022
In 2022, the average import price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg amounted to $5,111 per ton, rising by 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2016 an increase of 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($10,605 per ton), while the price for Indonesia ($3,060 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK (FOB) - 2024
The average export price for tea, green; (not fermented), in immediate packings of a content exceeding 3kg stood at $11,113 per ton in April 2024, picking up by 33% against the previous month. Overall, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in January 2024 an increase of 69% m-o-m. Over the period under review, the average export prices attained the peak figure at $14,504 per ton in April 2023; however, from May 2023 to April 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was Vietnam ($18,618 per ton), while the average price for exports to Kenya ($2,953 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-0.2%), while the prices for the other major destinations experienced a decline.
Imports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK
In 2022, the amount of tea, green; (not fermented), in immediate packings of a content exceeding 3kg imported into the UK stood at 3.1K tons, picking up by 3.7% compared with 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 30%. As a result, imports reached the peak of 3.8K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg expanded markedly to $16M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 7.2 | 6.3 | 7.0 | 1.0% |
| India | 1.8 | 2.4 | 2.3 | 1.9 | 1.8% |
| Vietnam | 0.7 | 1.3 | 1.3 | 1.5 | 28.9% |
| Germany | 1.1 | 1.4 | 0.5 | 0.6 | -18.3% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.6 | 0.5 | 35.7% |
| Sri Lanka | 0.8 | 0.4 | 0.4 | 0.3 | -27.9% |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| Malawi | 0.2 | N/A | 0.2 | N/A | 0.0% |
| South Africa | 0.4 | 0.6 | N/A | N/A | 50.0% |
| Others | 2.1 | 3.2 | 2.8 | 3.7 | 20.8% |
| Total | 14.0 | 16.6 | 14.5 | 15.7 | 3.9% |
Top Suppliers of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg to the UK in 2022:
- China (1763.1 tons)
- India (596.7 tons)
- Vietnam (295.8 tons)
- Germany (75.6 tons)
- Indonesia (61.5 tons)
- Taiwan (Chinese) (48.9 tons)
- Sri Lanka (43.0 tons)
- Malawi (0.3 tons)
Exports of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK
Exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg from the UK declined significantly to 305 tons in 2022, which is down by -26.7% compared with the year before. In general, exports showed a sharp contraction. The smallest decline of -8.5% was in 2021.
In value terms, exports of tea, green; (not fermented), in immediate packings of a content exceeding 3kg contracted notably to $2.6M in 2022. Overall, exports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 60%.
| Export of Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 423 | 650 | 235 | 418 | -0.4% |
| Netherlands | 536 | 118 | 519 | 303 | -17.3% |
| United States | 677 | 242 | 349 | 242 | -29.0% |
| Hong Kong SAR | 118 | 163 | 357 | 184 | 16.0% |
| Belgium | 440 | 132 | 41.7 | 151 | -30.0% |
| Germany | 102 | 48.7 | 349 | 133 | 9.2% |
| Nigeria | 60.7 | 16.4 | 1,721 | 106 | 20.4% |
| Sweden | 110 | 80.7 | 77.4 | 71.3 | -13.5% |
| Thailand | 32.3 | 36.2 | 43.1 | 70.6 | 29.8% |
| Ireland | 306 | 353 | 320 | 60.4 | -41.8% |
| Singapore | 34.9 | 35.7 | 41.6 | 30.3 | -4.6% |
| Switzerland | 37.8 | 161 | 57.4 | 30.2 | -7.2% |
| Jamaica | 31.5 | 40.4 | 80.0 | 19.8 | -14.3% |
| Others | 2,393 | 1,172 | 996 | 732 | -32.6% |
| Total | 5,303 | 3,249 | 5,187 | 2,552 | -21.6% |
Top Export Markets for Tea, Green; (Not Fermented), in Immediate Packings of A Content Exceeding 3kg from the UK in 2022:
- Poland (62.5 tons)
- Netherlands (60.3 tons)
- Hong Kong SAR (42.1 tons)
- United States (26.4 tons)
- Germany (21.6 tons)
- Sweden (12.8 tons)
- Nigeria (7.3 tons)
- Singapore (7.1 tons)
- Ireland (6.9 tons)
- Jamaica (6.6 tons)
- Belgium (6.6 tons)
- Thailand (5.1 tons)
- Switzerland (0.9 tons)
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