Myanmar - Tea - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTea Price in Myanmar - 2022
Contents:
- Tea Price in Myanmar (CIF) - 2022
- Tea Price in Myanmar (FOB) - 2022
- Tea Imports in Myanmar
- Tea Exports in Myanmar
Tea Price in Myanmar (CIF) - 2022
In 2022, the average tea import price amounted to $5,517 per ton, rising by 81% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tea import price increased by +108.4% against 2020 indices. As a result, import price reached 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 Thailand ($7,079 per ton), while the price for South Korea ($1,297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Myanmar (FOB) - 2022
In December 2022, the average tea export price amounted to $402 per ton, dropping by -16.9% against the previous month. In general, the export price recorded a drastic downturn. The growth pace was the most rapid in March 2022 when the average export price increased by 291% m-o-m. As a result, the export price attained the peak level of $1,513 per ton. From April 2022 to December 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Taiwan (Chinese) ($2,608 per ton), while the average price for exports to China ($203 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Tea Imports in Myanmar
In 2022, approx. 693 tons of tea were imported into Myanmar; falling by -56.1% against the previous year. Over the period under review, imports showed a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 219%.
In value terms, tea imports reduced rapidly to $3.8M in 2022. Overall, imports showed a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 267%.
Import of Tea in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6,408 | 806 | 3,142 | 2,420 | -27.7% |
Rwanda | 535 | 124 | 531 | 800 | 14.4% |
Kenya | 487 | 146 | 178 | 196 | -26.2% |
Vietnam | 169 | 95.1 | 237 | 147 | -4.5% |
Thailand | 143 | 28.2 | 495 | 107 | -9.2% |
South Korea | 49.9 | 7.2 | 28.2 | 26.9 | -18.6% |
Others | 540 | 107 | 210 | 128 | -38.1% |
Total | 8,331 | 1,313 | 4,822 | 3,825 | -22.9% |
Top Suppliers of Tea to Myanmar in 2022:
- China (357.9 tons)
- Rwanda (151.2 tons)
- Kenya (98.3 tons)
- Vietnam (27.8 tons)
- South Korea (20.8 tons)
- Thailand (15.2 tons)
Tea Exports in Myanmar
Tea exports from Myanmar surged to 6.6K tons in 2022, with an increase of 85% on 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, tea exports soared to $6.5M in 2022. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Tea in Myanmar (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 270 | 155 | 957 | 4,785 | 160.7% |
United States | 507 | 174 | 692 | 464 | -2.9% |
Malaysia | 197 | 166 | 370 | 196 | -0.2% |
Thailand | 1,672 | 680 | 275 | 164 | -53.9% |
Taiwan (Chinese) | 474 | 596 | 445 | 144 | -32.8% |
Others | 629 | 499 | 2,299 | 767 | 6.8% |
Total | 3,748 | 2,269 | 5,038 | 6,520 | 20.3% |
Top Export Markets for Tea from Myanmar in 2022:
- China (6.2K tons)
- Taiwan (Chinese) (0.1K tons)
- United States (0.1K tons)
- Malaysia (0.1K tons)
- Thailand (0.1K tons)
This report provides an in-depth analysis of the tea market in Myanmar. 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:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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 Myanmar.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Myanmar.
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.
The tea market is growing rapidly, with new brands and products emerging all the time. But what trends are driving this growth?
The global tea market revenue amounted to $25.9B in 2018, picking up by 7.7% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +4.3% over that period. Global
Global tea consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
Global tea imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
From 2008 to 2015, global exports on the tea market showed mixed dynamics, amounting to X thousand tons in 2015. In value terms, they dropped to X million USD in 2015, which was X million USD less than the year before.
The global tea market showed an upward trend from 2008 to 2013 and reached a peak at X thousand tons. However, in 2014, dynamics downturned. During the next two years, the global tea market decreased to X thousand tons.
The volume of total imports on the global tea market in 2015 stood at X thousand tons. In value terms, imports of tea decreased to X million USD in 2015, which was X million USD (X%) less than the year before.
From 2008 to 2013, global tea market production showed steady growth, reaching its peak level at X thousand tons. It was followed by a slight shrinkage over the next two years to X thousand tons in 2015.
Cost-effective labour, plenty of market opportunities and increasing demand from importers are all factors that are making the African tea industry appear an attractive prospect for investors on global tea market. However, political instability and poo