Turkey - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Turkey - 2023
Contents:
- Tea Price in Turkey (CIF) - 2022
- Tea Price in Turkey (FOB) - 2022
- Tea Imports in Turkey
- Tea Exports in Turkey
Tea Price in Turkey (CIF) - 2022
In 2022, the average tea import price amounted to $2,186 per ton, increasing by 8% against the previous year. In general, the import price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2013 an increase of 11% against the previous year. Over the period under review, average import prices attained the maximum at $3,132 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
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 China ($9,333 per ton), while the price for Iran ($1,235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Turkey (FOB) - 2022
The average tea export price stood at $3,762 per ton in 2022, declining by -1.9% against the previous year. Overall, the export price saw a slight decrease. The pace of growth was the most pronounced in 2017 an increase of 10% against the previous year. As a result, the export price attained the peak level of $4,823 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
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 UK ($16,491 per ton), while the average price for exports to India ($1,406 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 the UK (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Turkey
In 2022, after three years of growth, there was significant decline in purchases abroad of tea, when their volume decreased by -57.7% to 11K tons. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 17%. As a result, imports attained the peak of 26K tons, and then dropped markedly in the following year.
In value terms, tea imports shrank markedly to $24M in 2022. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $52M, and then dropped dramatically in the following year.
Import of Tea in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sri Lanka | 32.4 | 33.1 | 34.8 | 10.9 | -30.5% |
Kenya | 3.6 | 4.0 | 5.3 | 4.6 | 8.5% |
Iran | 0.3 | 0.2 | 3.8 | 3.1 | 117.8% |
India | 1.8 | 4.0 | 3.7 | 1.9 | 1.8% |
Netherlands | 0.5 | 0.6 | 0.8 | 1.1 | 30.1% |
Others | 3.4 | 2.5 | 3.5 | 2.1 | -14.8% |
Total | 41.9 | 44.4 | 51.8 | 23.7 | -17.3% |
Top Suppliers of Tea to Turkey in 2022:
- Sri Lanka (5.0K tons)
- Iran (2.5K tons)
- Kenya (1.8K tons)
- India (0.7K tons)
- Netherlands (0.4K tons)
Tea Exports in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas shipments of tea, which increased by 4.8% to 6.6K tons in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 114%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, tea exports reached $25M in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Tea in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 2.8 | 5.9 | 7.5 | 4.2 | 14.5% |
United Kingdom | 0.1 | 0.4 | 0.9 | 3.1 | 214.1% |
Germany | 1.3 | 2.6 | 3.1 | 2.4 | 22.7% |
Cyprus | 0.8 | 1.1 | 1.2 | 2.2 | 40.1% |
United States | 0.7 | 1.4 | 1.6 | 1.7 | 34.4% |
Ukraine | N/A | 0.1 | 0.1 | 1.4 | 274.2% |
Netherlands | 0.2 | 1.4 | 1.0 | 1.2 | 81.7% |
France | 0.2 | 0.9 | 1.0 | 0.9 | 65.1% |
Russia | 0.1 | 0.2 | 0.4 | 0.8 | 100.0% |
Azerbaijan | 0.1 | 0.1 | 0.6 | 0.5 | 71.0% |
Georgia | 0.2 | 0.4 | 0.3 | 0.4 | 26.0% |
India | 0.3 | 0.1 | 0.1 | 0.3 | 0.0% |
Belarus | N/A | 0.1 | 0.5 | 0.3 | 73.2% |
Others | 2.3 | 4.1 | 5.7 | 5.5 | 33.7% |
Total | 9.2 | 18.6 | 24.1 | 24.8 | 39.2% |
Top Export Markets for Tea from Turkey in 2022:
- Belgium (1223.2 tons)
- Germany (641.4 tons)
- Ukraine (533.4 tons)
- Cyprus (506.6 tons)
- United States (418.4 tons)
- Russia (382.0 tons)
- Netherlands (320.9 tons)
- France (245.3 tons)
- India (227.1 tons)
- United Kingdom (188.8 tons)
- Georgia (178.1 tons)
- Azerbaijan (161.5 tons)
- Belarus (143.4 tons)
This report provides an in-depth analysis of the tea market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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 Turkey.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Turkey.
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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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.
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