U.S. - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in the United States - 2023
Contents:
- Tea Price in the United States (CIF) - 2023
- Tea Price in the United States (FOB) - 2023
- Tea Imports in the United States
- Tea Exports in the United States
Tea Price in the United States (CIF) - 2023
In September 2023, the average tea import price amounted to $5,466 per ton, growing by 16% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 22% month-to-month. Over the period under review, average import prices reached the maximum in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($30,234 per ton), while the price for Argentina ($1,379 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 Sri Lanka (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in the United States (FOB) - 2023
In September 2023, the average tea export price amounted to $7,062 per ton, therefore, remained relatively stable against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 39% m-o-m. As a result, the export price attained the peak level of $8,779 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United Arab Emirates ($14,282 per ton), while the average price for exports to the Netherlands ($4,213 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 Japan (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in the United States
In 2022, tea imports into the United States was estimated at 120K tons, with an increase of 3.5% on 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 5.3%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, tea imports stood at $509M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 9.8% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Tea in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 61.9 | 80.4 | 90.9 | 80.5 | 9.2% |
| India | 55.5 | 56.6 | 68.5 | 64.6 | 5.2% |
| China | 76.4 | 51.0 | 54.6 | 64.4 | -5.5% |
| Argentina | 62.3 | 50.1 | 56.2 | 59.4 | -1.6% |
| Sri Lanka | 49.2 | 39.5 | 44.3 | 46.9 | -1.6% |
| Taiwan (Chinese) | 17.4 | 15.5 | 24.6 | 24.8 | 12.5% |
| Germany | 12.9 | 13.9 | 16.5 | 17.9 | 11.5% |
| Malawi | 17.3 | 10.4 | 14.8 | 13.1 | -8.9% |
| Vietnam | 7.5 | 6.7 | 8.3 | 9.8 | 9.3% |
| Indonesia | 12.1 | 8.0 | 8.1 | 6.6 | -18.3% |
| Kenya | 7.0 | 6.5 | 7.3 | 5.5 | -7.7% |
| Zimbabwe | 4.8 | 3.5 | 3.2 | 3.5 | -10.0% |
| Others | 104 | 114 | 104 | 112 | 2.5% |
| Total | 488 | 456 | 501 | 509 | 1.4% |
Top Suppliers of Tea to the United States in 2022:
- Argentina (46.1K tons)
- China (14.9K tons)
- India (12.4K tons)
- Sri Lanka (6.9K tons)
- Vietnam (6.4K tons)
- Malawi (6.2K tons)
- Taiwan (Chinese) (3.7K tons)
- Indonesia (3.6K tons)
- Japan (2.4K tons)
- Germany (2.4K tons)
- Zimbabwe (2.0K tons)
- Kenya (1.9K tons)
Tea Exports in the United States
For the third year in a row, the United States recorded decline in shipments abroad of tea, which decreased by -1.2% to 15K tons in 2022. In general, exports saw a noticeable slump.
In value terms, tea exports totaled $98M in 2022. Overall, exports saw a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of 5.6% against the previous year.
| Export of Tea in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 59.8 | 50.4 | 53.1 | 47.4 | -7.5% |
| Germany | 5.3 | 3.6 | 3.8 | 6.3 | 5.9% |
| Mexico | 6.8 | 2.3 | 3.6 | 5.4 | -7.4% |
| Japan | 6.0 | 4.5 | 3.9 | 4.4 | -9.8% |
| Netherlands | 2.0 | 1.3 | 3.1 | 3.0 | 14.5% |
| United Kingdom | 4.5 | 2.8 | 2.6 | 3.0 | -12.6% |
| South Korea | 1.8 | 1.0 | 1.7 | 2.1 | 5.3% |
| Chile | 0.9 | 1.1 | 1.2 | 1.7 | 23.6% |
| Belgium | 2.3 | 1.8 | 0.8 | 0.5 | -39.9% |
| Others | 22.3 | 20.0 | 20.0 | 24.0 | 2.5% |
| Total | 112 | 88.8 | 93.8 | 97.7 | -4.5% |
Top Export Markets for Tea from the United States in 2022:
- Belgium (undefinedK tons)
- Canada (7.9K tons)
- Mexico (0.9K tons)
- Netherlands (0.7K tons)
- Germany (0.6K tons)
- Japan (0.6K tons)
- United Kingdom (0.4K tons)
- South Korea (0.4K tons)
- Chile (0.3K tons)
This report provides an in-depth analysis of the tea market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 the U.S..
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In February 2023, the tea price decreased to $4,187 per ton (CIF, US), a drop of -12.3% compared to the previous month.
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In May 2022, the tea price per ton amounted to $4,282 (CIF, US), rising by 3.7% against the previous month.
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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.
