Ireland - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Ireland - 2023
Contents:
- Tea Price in Ireland (CIF) - 2022
- Tea Price in Ireland (FOB) - 2023
- Tea Imports in Ireland
- Tea Exports in Ireland
Tea Price in Ireland (CIF) - 2022
The average tea import price stood at $5,371 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 the UK ($7,048 per ton), while the price for Kenya ($3,992 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Ireland (FOB) - 2023
In July 2023, the average tea export price amounted to $12,480 per ton, increasing by 56% against the previous month. Overall, export price indicated pronounced growth from July 2022 to July 2023: its price increased at an average monthly rate of +4.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tea export price increased by +55.8% against June 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 57% against the previous month. Over the period under review, the average export prices hit record highs in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($19,808 per ton), while the average price for exports to Australia ($9,177 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Ireland
In 2022, tea imports into Ireland stood at 9.3K tons, with an increase of 3.1% against the previous year. In general, imports, however, showed a abrupt curtailment.
In value terms, tea imports soared to $50M in 2022. Overall, imports, however, recorded a mild contraction.
Import of Tea in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 32.5 | 30.8 | N/A | 23.1 | -10.8% |
Kenya | 11.6 | 12.0 | N/A | 17.6 | 14.9% |
India | 4.9 | 2.4 | N/A | 5.4 | 3.3% |
Switzerland | 0.4 | 0.4 | N/A | 1.0 | 35.7% |
Others | 2.8 | 2.4 | 42.6 | 2.8 | 0.0% |
Total | 52.2 | 48.1 | 42.6 | 49.8 | -1.6% |
Top Suppliers of Tea to Ireland in 2022:
- Kenya (4.4K tons)
- United Kingdom (3.3K tons)
- India (1.0K tons)
- Switzerland (0.2K tons)
Tea Exports in Ireland
In 2022, the amount of tea exported from Ireland fell dramatically to 973 tons, with a decrease of -16.5% on the previous year's figure. Over the period under review, exports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of 1.2K tons, and then fell remarkably in the following year.
In value terms, tea exports shrank to $7.8M in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of 9.2%.
Export of Tea in Ireland (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.3 | 3.3 | N/A | 3.0 | 9.3% |
United Kingdom | 3.2 | 2.5 | N/A | 2.8 | -4.4% |
Switzerland | 0.4 | 0.5 | N/A | 0.9 | 31.0% |
Australia | 3.3 | 0.3 | N/A | 0.2 | -60.7% |
France | 0.2 | 0.2 | N/A | 0.2 | 0.0% |
Portugal | N/A | N/A | N/A | 0.1 | 0% |
United Arab Emirates | N/A | N/A | 7.9 | N/A | 0% |
Others | 0.4 | 0.4 | N/A | 0.5 | 7.7% |
Total | 9.7 | 7.2 | 7.9 | 7.8 | -7.0% |
Top Export Markets for Tea from Ireland in 2022:
- United Kingdom (372.4 tons)
- United States (259.1 tons)
- Switzerland (242.6 tons)
- Australia (27.7 tons)
- France (15.6 tons)
- Portugal (14.8 tons)
This report provides an in-depth analysis of the tea market in Ireland. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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
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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 Ireland.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Ireland.
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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