New Zealand - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in New Zealand - 2023
Contents:
- Tea Price in New Zealand (CIF) - 2023
- Tea Price in New Zealand (FOB) - 2022
- Tea Imports in New Zealand
- Tea Exports in New Zealand
Tea Price in New Zealand (CIF) - 2023
In September 2023, the average tea import price amounted to $9,298 per ton, surging by 21% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 38% against the previous month. The import price peaked at $10,048 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($19,313 per ton), while the price for India ($6,712 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in New Zealand (FOB) - 2022
The average tea export price stood at $16,307 per ton in 2022, with an increase of 76% against the previous year. Over the period under review, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($21,744 per ton), while the average price for exports to Australia ($15,264 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 Fiji (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.
Tea Imports in New Zealand
For the third year in a row, New Zealand recorded decline in purchases abroad of tea, which decreased by -16.3% to 3.3K tons in 2022. In general, imports recorded a abrupt shrinkage. The smallest decline of -3.6% was in 2021.
In value terms, tea imports fell markedly to $18M in 2022. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 0.2%. As a result, imports reached the peak of $30M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Tea in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 16.0 | 15.3 | 11.0 | 7.3 | -23.0% |
| Indonesia | 3.6 | 4.8 | 3.5 | 2.5 | -11.4% |
| India | 2.0 | 1.8 | 1.9 | 2.2 | 3.2% |
| Australia | 2.1 | 1.7 | 1.2 | 1.7 | -6.8% |
| Poland | 0.6 | 0.4 | 1.4 | 1.0 | 18.6% |
| Rwanda | N/A | N/A | N/A | 0.8 | 0% |
| United Kingdom | 2.4 | 2.8 | 1.9 | 0.6 | -37.0% |
| Argentina | 0.2 | 0.3 | N/A | 0.1 | -20.6% |
| Kenya | 0.4 | 0.4 | 0.5 | N/A | 11.8% |
| Others | 3.1 | 2.7 | 3.2 | 2.0 | -13.6% |
| Total | 30.2 | 30.3 | 24.5 | 18.3 | -15.4% |
Top Suppliers of Tea to New Zealand in 2022:
- Sri Lanka (1159.6 tons)
- India (690.1 tons)
- Indonesia (395.5 tons)
- Rwanda (275.7 tons)
- Australia (220.9 tons)
- Poland (148.8 tons)
- Argentina (62.0 tons)
- United Kingdom (24.2 tons)
- Kenya (2.8 tons)
Tea Exports in New Zealand
Tea exports from New Zealand dropped notably to 167 tons in 2022, waning by -67.7% on the year before. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 328%. As a result, the exports attained the peak of 516 tons, and then reduced dramatically in the following year.
In value terms, tea exports dropped sharply to $2.7M in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 240%. As a result, the exports reached the peak of $4.8M, and then shrank remarkably in the following year.
| Export of Tea in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 504 | 576 | 4,023 | 2,200 | 63.4% |
| China | 225 | 279 | 366 | 235 | 1.5% |
| Fiji | 91.6 | 38.8 | 47.8 | 53.3 | -16.5% |
| Others | 185 | 510 | 333 | 227 | 7.1% |
| Total | 1,005 | 1,403 | 4,770 | 2,716 | 39.3% |
Top Export Markets for Tea from New Zealand in 2022:
- Australia (144.1 tons)
- China (10.8 tons)
- Fiji (3.4 tons)
This report provides an in-depth analysis of the tea market in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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 New Zealand.
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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 New Zealand.
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