Analysis of the world tea market in 2012-2016, the forecast for 2017-2021
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In 2016, the volume of world imports of tea almost coincided with the level of 2012 and amounted to 1.82 million tons. The increase in imports of tea in the world was noted in 2013 and 2016, in 2014-2015 there was a decline. One of the reasons for this decline was the drop in supplies from the largest tea-exporting country, Kenya, where in late 2014 - early 2015 a drought occurred, which affected tea plantations.
The main tea importers in the world in 2016 were Pakistan, Russia and the United Kingdom. In 2016, the share of Pakistan in world tea imports was 9.9%, Russia - 9.6%, Great Britain - 7.4%. It is also necessary to note the significant volumes of tea imported into such countries as the USA (7.3% of the world import volume), the United Arab Emirates (6.3%), Germany (3.2%) and Poland (1.9%). At the end of 2016, these countries accounted for 45.6% of the total world tea imports.
In 2013, the price of tea imports showed an increase, in 2014-2015 - a decline. According to experts, the decline in prices in 2014-2015 affected only a segment of granulated teas, while prices for traditional teas continued to rise. In 2016, the average price of tea imports resumed growth, amounting to 0.1% compared to 2015.
In the coming years, experts predict the preservation of the upward price trend. The driver of growth in world prices for tea will be an improvement in the well-being of the population of the countries of Southeast Asia, South and Central America, and therefore the demand for tea will grow.
According to BusinesStat, in 2017-2021, the growth of the actual volume of imports is expected at 1.7-0.7% per year. In 2021, the value of the indicator will reach 1.92 million tons, which will exceed the level of 2016 by 5.5%.
“Analysis of the world tea market in 2012–2016, forecast for 2017–2021” includes the most important data necessary for understanding the current situation on the world market and assessing the prospects for its development:
Economy and population
Gross tea leaves
Sown area and yield of tea leaves
Foreign and domestic tea trade
Import and export of tea
Foreign trade prices of tea
The review provides current data for more than 100 countries of the world and a forecast for the 25 leading countries of the world tea market.
Leading countries: China, Sri Lanka, Kenya, India, Vietnam, Russia, Pakistan and other countries of the world.
The review provides details on the import-export of tea types:
Nonfermented green tea in packages with a net weight not exceeding 3 kg
Other green nonfermented tea
Fermented black tea and partially fermented in packages of net weight not exceeding 3 kg
Other fermented black tea and partially fermented tea
Mate or Paraguayan tea
In preparing the review used statistical information:
United Nations Statistics Division
National Agencies and Compendia
Industrial Commodity Statistics
International Trade Center
International Monetary Fund
Food and Agriculture Organization of the United Nations
Organization for Economic Cooperation and Development
World Trade Organization
Along with the official statistics, the review contains the results of BusinesStat research:
Analysis of open information about the grocery market
Survey of grocery market experts