Canada - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Canada - 2023
Contents:
- Tea Price in Canada (CIF) - 2023
- Tea Price in Canada (FOB) - 2023
- Tea Imports in Canada
- Tea Exports in Canada
Tea Price in Canada (CIF) - 2023
The average tea import price stood at $8,125 per ton in June 2023, increasing by 4.5% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 17% against the previous month. As a result, import price reached the peak level of $8,655 per ton. From December 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Poland ($14,984 per ton), while the price for Kenya ($3,573 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Canada (FOB) - 2023
The average tea export price stood at $12,460 per ton in June 2023, declining by -10.5% against the previous month. Over the period under review, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in November 2022 an increase of 66% against the previous month. Over the period under review, the average export prices attained the peak figure at $23,278 per ton in July 2022; however, from August 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the United States ($14,713 per ton), while the average price for exports to Ireland ($2,291 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.0%), while the prices for the other major destinations experienced a decline.
Tea Imports in Canada
In 2022, supplies from abroad of tea was finally on the rise to reach 5.8K tons after two years of decline. Overall, imports, however, recorded a precipitous shrinkage.
In value terms, tea imports dropped to $37M in 2022. Over the period under review, imports, however, showed a sharp decrease. The smallest decline of -11.8% was in 2020.
Import of Tea in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 45.5 | 40.5 | 9.9 | 9.6 | -40.5% |
India | 11.3 | 13.2 | 11.8 | 7.9 | -11.2% |
China | 15.1 | 9.9 | 2.9 | 3.3 | -39.8% |
Sri Lanka | 4.5 | 4.9 | 2.7 | 3.3 | -9.8% |
United Kingdom | 11.5 | 14.8 | 2.1 | 2.3 | -41.5% |
Kenya | 3.0 | 2.2 | 2.9 | 2.1 | -11.2% |
Japan | 7.2 | 7.5 | 1.0 | 1.1 | -46.5% |
Indonesia | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
Malawi | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
Others | 35.1 | 24.5 | 8.3 | 6.5 | -43.0% |
Total | 134 | 118 | 42.1 | 36.9 | -34.9% |
Top Suppliers of Tea to Canada in 2022:
- India (1564.0 tons)
- United States (1316.1 tons)
- United Kingdom (638.4 tons)
- Kenya (504.1 tons)
- Sri Lanka (447.2 tons)
- China (319.7 tons)
- Malawi (124.4 tons)
- Indonesia (109.3 tons)
- Japan (84.1 tons)
Tea Exports in Canada
After two years of decline, overseas shipments of tea increased by 9.1% to 2K tons in 2022. In general, exports, however, saw a deep setback.
In value terms, tea exports stood at $32M in 2022. Overall, exports, however, showed a abrupt setback.
Export of Tea in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 43.0 | 43.3 | 29.2 | 28.8 | -12.5% |
United Kingdom | N/A | N/A | 0.2 | 2.5 | 1150.0% |
Netherlands | N/A | N/A | N/A | 0.1 | 0% |
Ireland | N/A | N/A | 0.3 | 0.1 | -66.7% |
Others | 1.5 | 0.7 | 1.3 | 1.0 | -12.6% |
Total | 44.5 | 44.0 | 31.1 | 32.5 | -9.9% |
Top Export Markets for Tea from Canada in 2022:
- United States (1498.8 tons)
- United Kingdom (372.2 tons)
- Netherlands (45.1 tons)
- Ireland (44.5 tons)
This report provides an in-depth analysis of the tea market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 667 - Tea
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the tea market in Canada.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Canada.
This report provides an in-depth analysis of the global tea market.
Discover the top import markets for tea around the world based on data from the IndexBox market intelligence platform.
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