Kenya - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Kenya - 2021
Contents:
- Extracts of Tea Price in Kenya (FOB) - 2022
- Extracts of Tea Price in Kenya (CIF) - 2022
- Extracts of Tea Exports in Kenya
- Extracts of Tea Imports in Kenya
Extracts of Tea Price in Kenya (FOB) - 2022
In 2022, the average extracts of tea export price amounted to $9,559 per ton, picking up by 9.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $10,333 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($18,879 per ton), while the average price for exports to the United States ($7,295 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 Mexico (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Price in Kenya (CIF) - 2022
In 2022, the average extracts of tea import price amounted to $3,772 per ton, with an increase of 10% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extracts of tea import price decreased by -12.6% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. The import price peaked at $6,387 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Egypt ($10,327 per ton), while the price for India ($3,170 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+119.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Exports in Kenya
Extracts of tea exports from Kenya fell modestly to 2.4K tons in 2022, standing approx. at the previous year. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 1.4%. As a result, the exports reached the peak of 2.4K tons, leveling off in the following year.
In value terms, extracts of tea exports expanded rapidly to $23M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 18%. As a result, the exports reached the peak of $24M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Extracts of Tea in Kenya (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 4.5 | 3.7 | N/A | 5.5 | 6.9% |
United States | 3.0 | 6.3 | 6.5 | 4.4 | 13.6% |
India | 0.5 | 0.6 | 1.0 | 0.9 | 21.6% |
Japan | 4.1 | 4.4 | 1.7 | 0.8 | -42.0% |
Mexico | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
Brazil | 0.3 | 0.3 | 0.4 | 0.6 | 26.0% |
Singapore | 0.2 | 0.7 | 0.4 | 0.5 | 35.7% |
United Kingdom | 1.0 | 0.1 | 0.3 | 0.5 | -20.6% |
Malaysia | 0.7 | 1.2 | 1.1 | N/A | 25.4% |
Others | 6.4 | 7.0 | 9.4 | 8.8 | 11.2% |
Total | 20.8 | 24.4 | 21.0 | 22.7 | 3.0% |
Top Export Markets for Extracts of Tea from Kenya in 2022:
- Ireland (614.4 tons)
- United States (608.6 tons)
- India (75.3 tons)
- Brazil (51.7 tons)
- Singapore (45.0 tons)
- Japan (40.4 tons)
- Mexico (39.2 tons)
- United Kingdom (38.2 tons)
Extracts of Tea Imports in Kenya
In 2022, extracts of tea imports into Kenya declined dramatically to 64 tons, with a decrease of -18.2% on the previous year's figure. Overall, imports showed a slight decline. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of 79 tons, and then declined rapidly in the following year.
In value terms, extracts of tea imports contracted to $242K in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, imports attained the peak of $269K, and then reduced in the following year.
Import of Extracts of Tea in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 86.8 | 88.8 | 184 | 167 | 24.4% |
Egypt | 0.9 | N/A | N/A | 24.2 | 199.6% |
United Kingdom | 3.5 | 29.3 | 4.8 | 16.1 | 66.3% |
United Arab Emirates | 17.2 | 27.3 | 17.2 | 7.4 | -24.5% |
Malaysia | 94.0 | 23.6 | 24.2 | N/A | -49.3% |
Others | 34.2 | 46.6 | 39.2 | 27.1 | -7.5% |
Total | 237 | 216 | 269 | 242 | 0.7% |
Top Suppliers of Extracts of Tea to Kenya in 2022:
- India (52.8 tons)
- United Kingdom (3.1 tons)
- Egypt (2.3 tons)
- United Arab Emirates (1.9 tons)
This report provides an in-depth analysis of the extracts of tea market in Kenya. 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:
- Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
Country coverage:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- 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
- 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 VOLUME AND VALUE
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
- 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
- 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
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