Chile - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Chile - 2023
Contents:
- Tea Price in Chile (CIF) - 2022
- Tea Price in Chile (FOB) - 2022
- Tea Imports in Chile
- Tea Exports in Chile
Tea Price in Chile (CIF) - 2022
In 2022, the average tea import price amounted to $3,603 per ton, picking up by 4.5% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tea import price increased by +31.3% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Indonesia ($56,857 per ton), while the price for Argentina ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Chile (FOB) - 2022
The average tea export price stood at $13,112 per ton in 2022, rising by 9.4% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tea export price decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. As a result, the export price attained the peak level of $13,248 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($17,233 per ton), while the average price for exports to Peru ($4,497 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 Mali (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Chile
In 2022, overseas purchases of tea decreased by -0.9% to 20K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, imports attained the peak of 22K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, tea imports expanded modestly to $73M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.6% 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 +62.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 55%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Tea in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 26.6 | 37.2 | 39.6 | 38.6 | 13.2% |
| Peru | N/A | 0.1 | 3.1 | 13.4 | 1057.6% |
| Argentina | 7.3 | 7.3 | 8.5 | 7.7 | 1.8% |
| Kenya | 1.0 | 4.8 | 7.3 | 4.1 | 60.1% |
| China | 2.6 | 2.3 | 1.8 | 1.8 | -11.5% |
| Vietnam | 0.8 | 1.2 | 0.7 | 0.5 | -14.5% |
| Others | 6.5 | 16.6 | 9.5 | 6.8 | 1.5% |
| Total | 44.9 | 69.3 | 70.4 | 72.9 | 17.5% |
Top Suppliers of Tea to Chile in 2022:
- Argentina (9.1K tons)
- Sri Lanka (8.5K tons)
- Peru (1.3K tons)
- Kenya (0.5K tons)
- China (0.4K tons)
- Vietnam (0.2K tons)
Tea Exports in Chile
In 2022, the amount of tea exported from Chile shrank rapidly to 93 tons, with a decrease of -77.2% on 2021. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of 410 tons, and then contracted remarkably in the following year.
In value terms, tea exports dropped significantly to $1.2M in 2022. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of $4.9M, and then reduced rapidly in the following year.
| Export of Tea in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | 8.8 | N/A | 538 | 681.9% |
| Guatemala | 620 | 858 | 255 | 168 | -35.3% |
| Paraguay | 472 | 432 | 162 | 92.5 | -41.9% |
| Poland | N/A | N/A | N/A | 78.5 | 0% |
| Canada | 20.4 | 0.1 | 41.5 | 70.1 | 50.9% |
| Ecuador | 52.7 | 64.1 | 35.3 | 59.7 | 4.2% |
| Uruguay | 390 | 147 | 101 | 53.7 | -48.4% |
| Peru | 139 | 312 | 3,830 | 4.0 | -69.4% |
| Argentina | 373 | 167 | 7.3 | N/A | -86.0% |
| Mali | 151 | N/A | N/A | N/A | 0% |
| Costa Rica | 236 | 265 | 6.5 | N/A | -83.4% |
| Saint Lucia | 113 | 104 | N/A | N/A | -8.0% |
| Belize | 93.2 | 64.0 | N/A | N/A | -31.3% |
| Others | 695 | 822 | 479 | 159 | -38.8% |
| Total | 3,356 | 3,243 | 4,918 | 1,224 | -28.6% |
Top Export Markets for Tea from Chile in 2022:
- Dominican Republic (42.0 tons)
- Canada (11.9 tons)
- Guatemala (10.2 tons)
- Poland (5.8 tons)
- Paraguay (5.7 tons)
- Uruguay (3.5 tons)
- Ecuador (3.5 tons)
- Peru (0.9 tons)
This report provides an in-depth analysis of the tea market in Chile. 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:
- Chile
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Chile
- 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
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This report provides an in-depth analysis of the tea market in Chile.
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This report provides an in-depth analysis of the global tea market.
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This report provides an in-depth analysis of the tea market in Chile.
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This report provides an in-depth analysis of the global tea market.
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