Russian Federation - 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 Russia - 2022
Contents:
- Extracts of Tea Price in Russia (CIF) - 2022
- Extracts of Tea Price in Russia (FOB) - 2022
- Extracts of Tea Imports in Russia
- Extracts of Tea Exports in Russia
Extracts of Tea Price in Russia (CIF) - 2022
In January 2022, the average extracts of tea import price amounted to $11,662 per ton, dropping by -14.6% against the previous month. In general, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in June 2021 when the average import price increased by 55% month-to-month. As a result, import price reached the peak level of $27,288 per ton. From July 2021 to January 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Ireland ($40,805 per ton), while the price for Belarus ($1,532 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in Russia (FOB) - 2022
The average extracts of tea export price stood at $5,802 per ton in January 2022, rising by 16% against the previous month. Overall, export price indicated a prominent increase from January 2021 to January 2022: its price increased at an average monthly rate of +6.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, extracts of tea export price increased by +84.8% against October 2021 indices. The growth pace was the most rapid in April 2021 an increase of 44% m-o-m. The export price peaked in January 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($20,375 per ton), while the average price for exports to Armenia ($2,274 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Imports in Russia
In 2022, after three years of growth, there was decline in overseas purchases of extracts, essences and concentrates of tea or mate, when their volume decreased by -3.6% to 2.1K tons. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 10%.
In value terms, extracts of tea imports contracted to $29M in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of $33M, and then dropped in the following year.
| Import of Extracts of Tea in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 17.7 | 15.7 | 23.2 | 18.9 | 2.2% |
| United States | 3.4 | 2.7 | 2.7 | 4.7 | 11.4% |
| Malaysia | 0.9 | 1.2 | 1.4 | 2.8 | 46.0% |
| Germany | 0.7 | 0.7 | 1.8 | 1.1 | 16.3% |
| China | 0.5 | 0.8 | 1.4 | 1.1 | 30.1% |
| Belarus | N/A | 0.3 | 0.2 | 0.1 | -42.3% |
| Italy | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Mongolia | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Serbia | 3.8 | 3.1 | 0.7 | N/A | -57.1% |
| Others | 0.5 | 0.6 | 1.1 | 0.2 | -26.3% |
| Total | 27.7 | 25.1 | 32.8 | 29.0 | 1.5% |
Top Suppliers of Extracts of Tea to Russia in 2022:
- Malaysia (1247.2 tons)
- Ireland (383.9 tons)
- United States (139.1 tons)
- China (81.3 tons)
- Germany (77.4 tons)
- Belarus (73.1 tons)
- Italy (45.2 tons)
Extracts of Tea Exports in Russia
In 2022, after three years of growth, there was significant decline in overseas shipments of extracts, essences and concentrates of tea or mate, when their volume decreased by -32.5% to 1.2K tons. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 148% against the previous year. As a result, the exports reached the peak of 1.8K tons, and then declined sharply in the following year.
In value terms, extracts of tea exports dropped dramatically to $3.9M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 222%. As a result, the exports reached the peak of $5.9M, and then fell notably in the following year.
| Export of Extracts of Tea in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 118 | 228 | 1,632 | 1,767 | 146.5% |
| Kazakhstan | 441 | 404 | 3,292 | 1,604 | 53.8% |
| Czech Republic | 4.3 | 42.6 | 69.6 | 230 | 276.8% |
| Belarus | 266 | 523 | 240 | 181 | -12.0% |
| Armenia | 90.1 | 425 | 509 | 2.3 | -70.6% |
| China | 299 | 89.6 | 2.8 | N/A | -90.3% |
| Others | 123 | 126 | 172 | 92.6 | -9.0% |
| Total | 1,341 | 1,837 | 5,918 | 3,878 | 42.5% |
Top Export Markets for Extracts of Tea from Russia in 2022:
- Kazakhstan (897.0 tons)
- Ukraine (226.1 tons)
- Belarus (64.2 tons)
- Czech Republic (20.7 tons)
- Armenia (1.8 tons)
This report provides an in-depth analysis of the extracts of tea market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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.
-
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
-
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
-
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
-
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
-
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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