Spain - 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 Spain - 2023
Contents:
- Extracts of Tea Price in Spain (FOB) - 2023
- Extracts of Tea Price in Spain (CIF) - 2022
- Extracts of Tea Exports in Spain
- Extracts of Tea Imports in Spain
Extracts of Tea Price in Spain (FOB) - 2023
In June 2023, the average extracts of tea export price amounted to $912 per ton, with a decrease of -11% against the previous month. In general, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in March 2023 an increase of 35% against the previous month. The export price peaked at $1,085 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($5,156 per ton), while the average price for exports to Portugal totaled $420 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.2%).
Extracts of Tea Price in Spain (CIF) - 2022
The average extracts of tea import price stood at $5,612 per ton in 2022, reducing by -9.1% against the previous year. Overall, the import price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73% against the previous year. The import price peaked at $10,886 per ton in 2019; however, from 2020 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 Ireland ($17,567 per ton), while the price for Portugal ($656 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Exports in Spain
In 2022, overseas shipments of extracts, essences and concentrates of tea or mate decreased by less than 0.1% to 102K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +14.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 35%.
In value terms, extracts of tea exports amounted to $52M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 5.8% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Extracts of Tea in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 21.9 | 27.9 | 28.9 | 32.6 | 14.2% |
| France | 5.8 | 4.6 | 5.3 | 4.3 | -9.5% |
| Germany | 2.7 | 2.7 | 4.7 | 4.3 | 16.8% |
| Italy | 1.8 | 2.5 | 1.4 | 1.8 | 0.0% |
| Mexico | 1.2 | 1.1 | 1.1 | 0.9 | -9.1% |
| Hungary | 0.8 | 0.6 | 0.6 | 0.7 | -4.4% |
| Turkey | 1.5 | 0.1 | 0.2 | 0.1 | -59.5% |
| Others | 9.8 | 8.5 | 7.2 | 6.9 | -11.0% |
| Total | 45.4 | 48.0 | 49.3 | 51.6 | 4.4% |
Top Export Markets for Extracts of Tea from Spain in 2022:
- Portugal (54.7K tons)
- Germany (22.9K tons)
- France (6.7K tons)
- Italy (3.7K tons)
- Mexico (2.9K tons)
- Hungary (2.9K tons)
- Turkey (0.6K tons)
Extracts of Tea Imports in Spain
After three years of growth, supplies from abroad of extracts, essences and concentrates of tea or mate decreased by -12% to 4.1K tons in 2022. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 66%. As a result, imports reached the peak of 4.7K tons, and then reduced in the following year.
In value terms, extracts of tea imports reduced markedly to $23M in 2022. In general, imports saw a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of $29M, and then contracted rapidly in the following year.
| Import of Extracts of Tea in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.5 | 3.2 | 3.4 | 7.6 | 19.1% |
| United States | 11.8 | 7.7 | 13.7 | 3.7 | -32.1% |
| Ireland | 2.2 | 2.0 | 2.8 | 3.2 | 13.3% |
| China | 0.9 | 1.1 | 1.6 | 2.4 | 38.7% |
| Germany | 2.3 | 2.5 | 3.7 | 2.4 | 1.4% |
| Italy | 0.4 | 0.5 | 0.4 | 0.9 | 31.0% |
| Portugal | 0.3 | 0.2 | 0.9 | 0.8 | 38.7% |
| Serbia | 0.4 | 0.8 | 0.9 | 0.7 | 20.5% |
| Switzerland | 0.6 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 2.9 | 1.6 | 1.5 | 14.5% |
| Total | 24.3 | 21.0 | 29.0 | 23.2 | -1.5% |
Top Suppliers of Extracts of Tea to Spain in 2022:
- Portugal (1245.9 tons)
- Germany (1173.8 tons)
- Netherlands (685.3 tons)
- Serbia (333.8 tons)
- Ireland (182.9 tons)
- Italy (168.1 tons)
- China (142.6 tons)
- United States (52.0 tons)
- Switzerland (0.2 tons)
This report provides an in-depth analysis of the extracts of tea market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
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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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