Colombia - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Colombia - 2022
Contents:
- Tea Price in Colombia (FOB) - 2022
- Tea Price in Colombia (CIF) - 2022
- Tea Exports in Colombia
- Tea Imports in Colombia
Tea Price in Colombia (FOB) - 2022
In February 2022, the average tea export price amounted to $13,884 per ton, falling by -26% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average export price increased by 38% against the previous month. As a result, the export price reached the peak level of $18,763 per ton, and then declined dramatically in the following month.
There were significant differences in the average prices for the major foreign markets. In February 2022, the country with the highest price was Paraguay ($30,507 per ton), while the average price for exports to Panama ($9,850 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Price in Colombia (CIF) - 2022
In February 2022, the average tea import price amounted to $7,415 per ton, with an increase of 82% against the previous month. Over the period under review, the import price recorded a tangible expansion. The growth pace was the most rapid in September 2021 an increase of 349% m-o-m. As a result, import price reached the peak level of $19,309 per ton. From October 2021 to February 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Poland ($40,854 per ton), while the price for China ($3,004 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Exports in Colombia
In 2022, approx. 89 tons of tea were exported from Colombia; picking up by 185% on the previous year's figure. Overall, exports, however, recorded a deep setback.
In value terms, tea exports surged to $1.1M in 2022. Over the period under review, exports, however, showed a drastic downturn.
| Export of Tea in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 680 | 1,433 | 110 | 632 | -2.4% |
| Germany | 169 | 159 | 108 | 139 | -6.3% |
| United States | 84.0 | 153 | 87.7 | 93.6 | 3.7% |
| France | 32.5 | 33.5 | 65.0 | 63.2 | 24.8% |
| Guatemala | 112 | 257 | 10.6 | 51.6 | -22.8% |
| Paraguay | 92.0 | 179 | 9.1 | 48.1 | -19.4% |
| Bolivia | 103 | 235 | 9.3 | 42.9 | -25.3% |
| Others | 99.6 | 147 | 6.8 | 24.7 | -37.2% |
| Total | 1,372 | 2,596 | 407 | 1,095 | -7.2% |
Top Export Markets for Tea from Colombia in 2022:
- Panama (61.4 tons)
- Germany (9.4 tons)
- United States (6.0 tons)
- France (3.1 tons)
- Paraguay (3.0 tons)
- Guatemala (2.3 tons)
- Bolivia (1.9 tons)
Tea Imports in Colombia
In 2022, the amount of tea imported into Colombia dropped to 532 tons, reducing by -7.2% against the previous year's figure. Over the period under review, imports showed a mild reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports reached the peak of 574 tons, and then shrank in the following year.
In value terms, tea imports declined to $2.2M in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 12%.
| Import of Tea in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 429 | 311 | 497 | 460 | 2.4% |
| Poland | 436 | 402 | 371 | 363 | -5.9% |
| China | 343 | 316 | 383 | 331 | -1.2% |
| United States | 455 | 297 | 291 | 293 | -13.6% |
| Ecuador | 266 | 248 | 265 | 262 | -0.5% |
| Chile | 244 | 143 | 57.5 | 100 | -25.7% |
| Japan | 141 | 74.2 | 105 | 82.3 | -16.4% |
| Spain | 178 | 9.9 | 36.5 | 42.5 | -38.0% |
| Others | 405 | 289 | 327 | 277 | -11.9% |
| Total | 2,897 | 2,090 | 2,334 | 2,212 | -8.6% |
Top Suppliers of Tea to Colombia in 2022:
- India (216.7 tons)
- Ecuador (117.9 tons)
- China (85.6 tons)
- United States (33.7 tons)
- Japan (13.5 tons)
- Poland (12.1 tons)
- Spain (11.7 tons)
- Chile (9.9 tons)
This report provides an in-depth analysis of the tea market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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
- 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 Colombia.
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This report provides an in-depth analysis of the tea market in Colombia.
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