Thailand - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Thailand - 2023
Contents:
- Tea Price in Thailand (FOB) - 2023
- Tea Price in Thailand (CIF) - 2022
- Tea Exports in Thailand
- Tea Imports in Thailand
Tea Price in Thailand (FOB) - 2023
The average tea export price stood at $6,535 per ton in September 2023, flattening at the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 33% month-to-month. Over the period under review, the average export prices hit record highs at $7,394 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($7,904 per ton), while the average price for exports to Taiwan (Chinese) ($3,645 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Price in Thailand (CIF) - 2022
In 2022, the average tea import price amounted to $1,458 per ton, falling by -10.8% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2014 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $3,382 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 Japan ($18,199 per ton), while the price for Myanmar ($310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Exports in Thailand
In 2022, overseas shipments of tea decreased by -12.7% to 2.4K tons, falling for the second year in a row after two years of growth. Overall, exports showed a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of 2.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, tea exports dropped sharply to $16M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 72% against the previous year. As a result, the exports attained the peak of $24M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Tea in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.8 | 2.4 | 3.5 | 4.0 | 12.6% |
| Cambodia | 1.3 | 1.4 | 1.9 | 2.3 | 20.9% |
| China | 0.9 | 0.8 | 2.2 | 1.9 | 28.3% |
| Netherlands | 1.0 | 1.5 | 0.7 | 1.4 | 11.9% |
| Indonesia | 3.6 | 2.3 | 1.4 | 1.0 | -34.8% |
| Malaysia | 1.1 | 0.5 | 0.3 | 0.8 | -10.1% |
| Singapore | 1.0 | 0.8 | 0.6 | 0.7 | -11.2% |
| Myanmar | N/A | 0.7 | 1.0 | 0.6 | -7.4% |
| Lao People's Democratic Republic | 0.2 | 9.9 | 5.7 | 0.5 | 35.7% |
| Taiwan (Chinese) | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Vietnam | 0.4 | 0.8 | 0.3 | 0.1 | -37.0% |
| South Korea | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 1.3 | 2.2 | 2.2 | 2.2 | 19.2% |
| Total | 13.7 | 23.6 | 20.2 | 16.0 | 5.3% |
Top Export Markets for Tea from Thailand in 2022:
- United States (756.5 tons)
- China (430.3 tons)
- Cambodia (269.1 tons)
- Singapore (128.4 tons)
- Indonesia (109.5 tons)
- Malaysia (102.7 tons)
- Myanmar (100.3 tons)
- Lao People's Democratic Republic (85.8 tons)
- Taiwan (Chinese) (66.3 tons)
- South Korea (63.4 tons)
- Netherlands (39.1 tons)
- Vietnam (18.9 tons)
Tea Imports in Thailand
In 2022, tea imports into Thailand totaled 14K tons, growing by 6.1% against 2021. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 58%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, tea imports dropped to $20M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. As a result, imports reached the peak of $26M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Tea in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.9 | 4.3 | 4.0 | 5.1 | 9.4% |
| Indonesia | 3.8 | 2.6 | 4.0 | 4.4 | 5.0% |
| China | 5.1 | 12.5 | 8.7 | 3.9 | -8.6% |
| Vietnam | 2.9 | 2.8 | 2.5 | 2.9 | 0.0% |
| Malaysia | 0.4 | 0.7 | 0.7 | 0.8 | 26.0% |
| Myanmar | 0.7 | 0.6 | 0.2 | 0.6 | -5.0% |
| Others | 2.6 | 2.8 | 1.4 | 2.7 | 1.3% |
| Total | 19.6 | 26.2 | 21.6 | 20.4 | 1.3% |
Top Suppliers of Tea to Thailand in 2022:
- China (4.6K tons)
- Vietnam (4.2K tons)
- Indonesia (2.1K tons)
- Myanmar (2.0K tons)
- Malaysia (0.5K tons)
- Japan (0.3K tons)
This report provides an in-depth analysis of the tea market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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 Thailand.
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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 Thailand.
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This report provides an in-depth analysis of the global tea market.
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