U.S. - 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 the United States - 2023
Contents:
- Extracts of Tea Price in the United States (CIF) - 2023
- Extracts of Tea Price in the United States (FOB) - 2023
- Extracts of Tea Imports in the United States
- Extracts of Tea Exports in the United States
Extracts of Tea Price in the United States (CIF) - 2023
In August 2023, the average extracts of tea import price amounted to $2,864 per ton, increasing by 4.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 60% against the previous month. Over the period under review, average import prices reached the peak figure at $4,439 per ton in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($9,971 per ton), while the price for Canada ($1,481 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Price in the United States (FOB) - 2023
The average extracts of tea export price stood at $13,351 per ton in August 2023, picking up by 75% against the previous month. Overall, export price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, extracts of tea export price increased by +75.5% against July 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($38,527 per ton), while the average price for exports to the Dominican Republic ($2,277 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Imports in the United States
In 2022, imports of extracts, essences and concentrates of tea or mate into the United States expanded rapidly to 78K tons, surging by 11% against 2021. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, extracts of tea imports rose markedly to $239M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Extracts of Tea in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 61.4 | 59.0 | 57.4 | 65.8 | 2.3% |
| China | 53.6 | 57.1 | 56.9 | 51.6 | -1.3% |
| India | 15.1 | 13.8 | 16.5 | 18.5 | 7.0% |
| Mexico | 1.5 | 2.3 | 3.5 | 17.6 | 127.2% |
| Taiwan (Chinese) | 1.7 | 5.6 | 9.0 | 11.3 | 88.0% |
| Chile | 11.6 | 10.9 | 12.3 | 10.6 | -3.0% |
| Nigeria | N/A | 0.1 | 0.7 | 3.4 | 483.1% |
| Argentina | 3.8 | 2.6 | 2.7 | 0.4 | -52.8% |
| Others | 41.8 | 47.2 | 54.3 | 59.5 | 12.5% |
| Total | 191 | 199 | 213 | 239 | 7.8% |
Top Suppliers of Extracts of Tea to the United States in 2022:
- Canada (50.0K tons)
- Mexico (8.2K tons)
- China (5.6K tons)
- Taiwan (Chinese) (2.8K tons)
- India (2.3K tons)
- Chile (1.7K tons)
- Nigeria (1.5K tons)
- Argentina (0.3K tons)
Extracts of Tea Exports in the United States
In 2022, shipments abroad of extracts, essences and concentrates of tea or mate was finally on the rise to reach 19K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable downturn.
In value terms, extracts of tea exports reduced remarkably to $150M in 2022. In general, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. As a result, the exports attained the peak of $183M, and then declined rapidly in the following year.
| Export of Extracts of Tea in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 31.3 | 29.6 | 37.2 | 43.6 | 11.7% |
| Canada | 48.4 | 43.7 | 39.0 | 39.7 | -6.4% |
| Netherlands | 9.8 | 14.2 | 15.7 | 14.0 | 12.6% |
| South Korea | 3.1 | 5.2 | 5.8 | 5.1 | 18.1% |
| Japan | 2.0 | 1.9 | 1.9 | 2.6 | 9.1% |
| Colombia | 2.5 | 2.1 | 1.9 | 2.3 | -2.7% |
| Denmark | 2.0 | 1.6 | 2.5 | 1.9 | -1.7% |
| Singapore | 1.8 | 1.6 | 0.9 | 0.9 | -20.6% |
| Others | 69.5 | 66.7 | 78.5 | 40.0 | -16.8% |
| Total | 170 | 167 | 183 | 150 | -4.1% |
Top Export Markets for Extracts of Tea from the United States in 2022:
- Canada (10.0K tons)
- Mexico (2.3K tons)
- Netherlands (0.9K tons)
- Japan (0.9K tons)
- South Korea (0.8K tons)
- Singapore (0.3K tons)
- Denmark (0.3K tons)
- Colombia (0.3K tons)
This report provides an in-depth analysis of the extracts of tea market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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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
-
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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