Australia - 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 Australia - 2023
Contents:
- Extracts of Tea Price in Australia (CIF) - 2023
- Extracts of Tea Price in Australia (FOB) - 2023
- Extracts of Tea Imports in Australia
- Extracts of Tea Exports in Australia
Extracts of Tea Price in Australia (CIF) - 2023
In July 2023, the average extracts of tea import price amounted to $10,113 per ton, waning by -42.1% against the previous month. Over the period under review, the import price continues to indicate a slight decline. The growth pace was the most rapid in August 2022 an increase of 191% m-o-m. As a result, import price attained the peak level of $33,716 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($15,879 per ton), while the price for Argentina ($3,596 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 China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in Australia (FOB) - 2023
In July 2023, the average extracts of tea export price amounted to $20,225 per ton, reducing by -4.3% against the previous month. In general, the export price, however, showed a tangible increase. The growth pace was the most rapid in February 2023 an increase of 137% against the previous month. Over the period under review, the average export prices reached the maximum at $23,132 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was New Zealand ($20,515 per ton), while the average price for exports to the Netherlands totaled $18,531 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Imports in Australia
In 2022, the amount of extracts, essences and concentrates of tea or mate imported into Australia shrank to 2K tons, with a decrease of -11.6% compared with 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% 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 +33.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52%. As a result, imports reached the peak of 2.3K tons, and then declined in the following year.
In value terms, extracts of tea imports shrank to $29M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $33M, and then contracted in the following year.
| Import of Extracts of Tea in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 6.9 | 11.6 | 12.0 | 13.1 | 23.8% |
| China | 1.5 | 1.8 | 2.9 | 3.6 | 33.9% |
| New Zealand | N/A | N/A | 5.5 | 2.9 | -47.3% |
| United States | 2.3 | 3.1 | 2.6 | 2.5 | 2.8% |
| Germany | 1.7 | 2.2 | 2.0 | 1.4 | -6.3% |
| Malaysia | 0.4 | 0.5 | 0.8 | 0.8 | 26.0% |
| India | 0.7 | 0.9 | 1.0 | 0.7 | 0.0% |
| Chile | N/A | N/A | 0.4 | 0.6 | 50.0% |
| Singapore | 0.3 | 0.3 | 0.5 | 0.5 | 18.6% |
| Indonesia | N/A | 0.2 | 2.6 | 0.5 | 58.1% |
| Thailand | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Taiwan (Chinese) | 0.6 | 0.3 | 0.6 | 0.3 | -20.6% |
| Canada | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Others | 2.7 | 2.0 | 1.2 | 1.2 | -23.7% |
| Total | 17.6 | 23.2 | 32.7 | 28.7 | 17.7% |
Top Suppliers of Extracts of Tea to Australia in 2022:
- China (422.0 tons)
- Ireland (395.3 tons)
- New Zealand (192.5 tons)
- Germany (189.7 tons)
- Malaysia (122.7 tons)
- Canada (86.4 tons)
- United States (81.0 tons)
- India (70.5 tons)
- Chile (65.7 tons)
- Thailand (61.8 tons)
- Taiwan (Chinese) (59.1 tons)
- Singapore (49.4 tons)
- Indonesia (41.7 tons)
Extracts of Tea Exports in Australia
In 2022, exports of extracts, essences and concentrates of tea or mate from Australia skyrocketed to 1.7K tons, picking up by 104% compared with 2021 figures. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, extracts of tea exports surged to $9.7M in 2022. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Extracts of Tea in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.5 | 2.6 | 3.3 | 6.3 | 21.6% |
| United States | 1.7 | 0.7 | 0.9 | 1.3 | -8.6% |
| Singapore | 0.1 | 0.1 | 0.3 | 1.0 | 115.4% |
| United Kingdom | 0.4 | 0.1 | 0.2 | 0.2 | -20.6% |
| Others | 0.3 | 0.1 | 0.5 | 0.9 | 44.2% |
| Total | 6.0 | 3.5 | 5.0 | 9.7 | 17.4% |
Top Export Markets for Extracts of Tea from Australia in 2022:
- New Zealand (1315.1 tons)
- Singapore (197.3 tons)
- United States (136.5 tons)
- United Kingdom (19.5 tons)
This report provides an in-depth analysis of the extracts of tea market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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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