India - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in India - 2023
Contents:
- Tea Price in India (FOB) - 2023
- Tea Price in India (CIF) - 2023
- Tea Exports in India
- Tea Imports in India
Tea Price in India (FOB) - 2023
In July 2023, the average tea export price amounted to $3,201 per ton, picking up by 11% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $3,360 per ton in September 2022; however, from October 2022 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($6,192 per ton), while the average price for exports to Malaysia ($1,570 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Price in India (CIF) - 2023
The average tea import price stood at $1,790 per ton in July 2023, flattening at the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 19% month-to-month. The import price peaked at $2,323 per ton in May 2023; however, from June 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Sri Lanka ($4,685 per ton), while the price for Argentina ($1,332 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Exports in India
In 2022, overseas shipments of tea were finally on the rise to reach 219K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a deep reduction.
In value terms, tea exports rose rapidly to $669M in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump.
| Export of Tea in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 102 | 85.7 | 84.2 | 114 | 3.8% |
| Iran | 218 | 131 | 99.6 | 109 | -20.6% |
| United Kingdom | 41.1 | 39.0 | 40.5 | 55.3 | 10.4% |
| Germany | 42.0 | 36.5 | 41.3 | 42.5 | 0.4% |
| United States | 50.4 | 50.5 | 36.5 | 42.3 | -5.7% |
| Iraq | 7.9 | 15.0 | 20.1 | 31.1 | 57.9% |
| Kazakhstan | 22.7 | 26.3 | 17.7 | 24.4 | 2.4% |
| Poland | 19.3 | 18.7 | 16.2 | 22.3 | 4.9% |
| Japan | 25.8 | 20.0 | 18.8 | 20.7 | -7.1% |
| China | 30.1 | 27.3 | 17.1 | 17.2 | -17.0% |
| Sri Lanka | 4.1 | 3.7 | 6.7 | 9.0 | 30.0% |
| Taiwan (Chinese) | 7.7 | 7.3 | 7.2 | 8.1 | 1.7% |
| Tunisia | 5.6 | 5.8 | 7.1 | 5.2 | -2.4% |
| Others | 295 | 225 | 184 | 168 | -17.1% |
| Total | 872 | 692 | 597 | 669 | -8.5% |
Top Export Markets for Tea from India in 2022:
- Russia (55.2K tons)
- Iran (31.1K tons)
- Iraq (15.4K tons)
- United Kingdom (14.8K tons)
- Kazakhstan (11.0K tons)
- Germany (10.9K tons)
- United States (10.6K tons)
- Poland (8.0K tons)
- China (7.1K tons)
- Taiwan (Chinese) (3.7K tons)
- Sri Lanka (3.6K tons)
- Japan (3.5K tons)
- Tunisia (3.3K tons)
Tea Imports in India
In 2022, overseas purchases of tea decreased by -0.6% to 30K tons, falling for the second consecutive year after two years of growth. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.1% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 59% against the previous year. As a result, imports reached the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tea imports shrank slightly to $56M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 22%. As a result, imports reached the peak of $67M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tea in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 16.2 | 30.8 | 20.1 | 28.6 | 20.9% |
| Kenya | 8.0 | 19.6 | 17.0 | 12.1 | 14.8% |
| Vietnam | 1.6 | 4.3 | 5.0 | 3.5 | 29.8% |
| China | 1.4 | 1.1 | 1.9 | 2.0 | 12.6% |
| Sri Lanka | 18.1 | 2.4 | 1.3 | 1.8 | -53.7% |
| Indonesia | 0.7 | 1.7 | 2.0 | 1.6 | 31.7% |
| Argentina | 2.4 | 1.6 | 1.5 | 1.2 | -20.6% |
| United Kingdom | 0.3 | 0.6 | 0.4 | 0.8 | 38.7% |
| Iran | 1.1 | 1.8 | 4.2 | N/A | 95.4% |
| Others | 5.3 | 3.7 | 5.9 | 4.7 | -3.9% |
| Total | 55.1 | 67.4 | 59.4 | 56.4 | 0.8% |
Top Suppliers of Tea to India in 2022:
- Iran (undefinedK tons)
- Nepal (16.7K tons)
- Kenya (5.7K tons)
- Vietnam (3.1K tons)
- Indonesia (1.0K tons)
- Argentina (0.8K tons)
- China (0.6K tons)
- United Kingdom (0.5K tons)
- Sri Lanka (0.4K tons)
This report provides an in-depth analysis of the tea market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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 India.
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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 India.
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This report provides an in-depth analysis of the global tea market.
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In 2020, shipments abroad of tea from India decreased by -20.6% owing to disruptions in supply chains during the pandemic.
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Discover the top import markets for tea around the world based on data from the IndexBox market intelligence platform.
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The tea market is growing rapidly, with new brands and products emerging all the time. But what trends are driving this growth?
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The global tea market revenue amounted to $25.9B in 2018, picking up by 7.7% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +4.3% over that period. Global
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Global tea consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Global tea imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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From 2008 to 2015, global exports on the tea market showed mixed dynamics, amounting to X thousand tons in 2015. In value terms, they dropped to X million USD in 2015, which was X million USD less than the year before.
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The global tea market showed an upward trend from 2008 to 2013 and reached a peak at X thousand tons. However, in 2014, dynamics downturned. During the next two years, the global tea market decreased to X thousand tons.
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The volume of total imports on the global tea market in 2015 stood at X thousand tons. In value terms, imports of tea decreased to X million USD in 2015, which was X million USD (X%) less than the year before.
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From 2008 to 2013, global tea market production showed steady growth, reaching its peak level at X thousand tons. It was followed by a slight shrinkage over the next two years to X thousand tons in 2015.
