Romania - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Romania - 2023
Contents:
- Tea Price in Romania (CIF) - 2023
- Tea Price in Romania (FOB) - 2022
- Tea Imports in Romania
- Tea Exports in Romania
Tea Price in Romania (CIF) - 2023
The average tea import price stood at $15,894 per ton in July 2023, reducing by -7.7% against the previous month. Overall, the import price, however, enjoyed resilient growth. The growth pace was the most rapid in May 2023 an increase of 181% against the previous month. As a result, import price attained the peak level of $23,918 per ton. From June 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($40,905 per ton), while the price for Germany ($9,935 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Hungary (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Romania (FOB) - 2022
In 2022, the average tea export price amounted to $15,183 per ton, approximately reflecting the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 140%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($25,993 per ton), while the average price for exports to Poland ($4,637 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 Spain (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Romania
In 2022, after two years of decline, there was significant growth in purchases abroad of tea, when their volume increased by 51% to 591 tons. In general, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, tea imports skyrocketed to $6.9M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Tea in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 2,145 | 1,570 | 2,082 | 2,834 | 9.7% |
Germany | 339 | 286 | 491 | 700 | 27.3% |
Sri Lanka | 242 | 260 | 307 | 602 | 35.5% |
Austria | 405 | 306 | 342 | 428 | 1.9% |
Czech Republic | 251 | 298 | 307 | 376 | 14.4% |
France | 154 | 164 | 212 | 307 | 25.9% |
Hungary | 105 | 169 | 157 | 295 | 41.1% |
Netherlands | 163 | 156 | 221 | 254 | 15.9% |
United Kingdom | 887 | 1,080 | 203 | 166 | -42.8% |
Bulgaria | 9.8 | 39.6 | 47.1 | 129 | 136.1% |
Turkey | 15.9 | 15.0 | 89.0 | 108 | 89.4% |
China | 97.2 | 116 | 39.7 | 94.2 | -1.0% |
Vietnam | 54.8 | 51.8 | 70.6 | 82.4 | 14.6% |
Others | 394 | 225 | 419 | 516 | 9.4% |
Total | 5,263 | 4,738 | 4,988 | 6,892 | 9.4% |
Top Suppliers of Tea to Romania in 2022:
- Poland (219.7 tons)
- Hungary (56.0 tons)
- Germany (42.9 tons)
- Vietnam (35.8 tons)
- Bulgaria (35.4 tons)
- Sri Lanka (28.1 tons)
- Czech Republic (26.9 tons)
- Austria (26.2 tons)
- France (26.0 tons)
- China (25.1 tons)
- Netherlands (22.1 tons)
- Turkey (10.2 tons)
- United Kingdom (5.5 tons)
Tea Exports in Romania
For the third year in a row, Romania recorded decline in overseas shipments of tea, which decreased by -40.7% to 38 tons in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of -21.4% was in 2020.
In value terms, tea exports dropped markedly to $578K in 2022. Overall, exports saw a sharp contraction. The smallest decline of -18.7% was in 2020.
Export of Tea in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Moldova | 1,456 | 774 | 487 | 166 | -51.5% |
Hungary | 110 | 131 | 144 | 146 | 9.9% |
United Kingdom | 184 | 64.9 | 28.8 | 67.3 | -28.5% |
Italy | 26.5 | 43.6 | 55.4 | 49.1 | 22.8% |
Bulgaria | 71.5 | 40.9 | 23.9 | 33.3 | -22.5% |
Poland | 7.7 | 99.8 | 62.5 | 18.0 | 32.7% |
Serbia | 29.7 | 53.4 | 28.8 | 16.2 | -18.3% |
Ireland | 32.5 | 26.1 | 18.6 | 12.1 | -28.1% |
Denmark | 79.0 | N/A | 0.4 | 3.5 | -64.6% |
Chile | N/A | 359 | N/A | N/A | 0% |
Others | 88.3 | 103 | 125 | 66.4 | -9.1% |
Total | 2,084 | 1,696 | 974 | 578 | -34.8% |
Top Export Markets for Tea from Romania in 2022:
- Moldova (12.9 tons)
- Hungary (8.6 tons)
- Poland (3.9 tons)
- United Kingdom (3.4 tons)
- Bulgaria (2.1 tons)
- Italy (1.9 tons)
- Ireland (1.1 tons)
- Serbia (1.0 tons)
- Denmark (0.3 tons)
This report provides an in-depth analysis of the tea market in Romania. 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:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- 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 Romania.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Romania.
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