Uzbekistan - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Uzbekistan - 2023
Contents:
- Tea Price in Uzbekistan (CIF) - 2023
- Tea Price in Uzbekistan (FOB) - 2022
- Tea Imports in Uzbekistan
- Tea Exports in Uzbekistan
Tea Price in Uzbekistan (CIF) - 2023
In May 2023, the average tea import price amounted to $1,551 per ton, rising by 6.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in September 2022 an increase of 21% against the previous month. The import price peaked in May 2023.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Kazakhstan ($5,925 per ton), while the price for China ($1,128 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Uzbekistan (FOB) - 2022
In 2022, the average tea export price amounted to $3,750 per ton, rising by 50% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 an increase of 85%. As a result, the export price reached the peak level of $5,325 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($5,336 per ton), while the average price for exports to the United States ($1,328 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 South Korea (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.
Tea Imports in Uzbekistan
In 2022, purchases abroad of tea decreased by -3.5% to 24K tons, falling for the second year in a row after two years of growth. In general, imports saw a deep slump. The growth pace was the most rapid in 2020 when imports increased by 5.6% against the previous year. As a result, imports reached the peak of 30K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tea imports declined to $31M in 2022. Overall, imports faced a deep contraction.
Import of Tea in Uzbekistan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 35.8 | 27.6 | 25.4 | 24.8 | -11.5% |
Kenya | 5.3 | 4.3 | 1.6 | 1.5 | -34.3% |
Iran | 1.6 | 1.3 | 0.6 | 0.5 | -32.1% |
India | 1.8 | 0.8 | 0.4 | 0.4 | -39.4% |
Others | 11.6 | 7.1 | 3.5 | 3.4 | -33.6% |
Total | 56.1 | 41.1 | 31.6 | 30.6 | -18.3% |
Top Suppliers of Tea to Uzbekistan in 2022:
- China (21.6K tons)
- Kenya (0.7K tons)
- Iran (0.4K tons)
- India (0.2K tons)
Tea Exports in Uzbekistan
In 2022, overseas shipments of tea decreased by -98.2% to 31 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1,179%. As a result, the exports reached the peak of 1.7K tons, and then contracted remarkably in the following year.
In value terms, tea exports fell significantly to $118K in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,623%. As a result, the exports attained the peak of $4.4M, and then declined notably in the following year.
Export of Tea in Uzbekistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 62.6 | 36.7 | 8.9 | 39.5 | -14.2% |
Kazakhstan | 0.5 | 18.7 | 1,811 | 24.6 | 266.4% |
Kyrgyzstan | 20.2 | 99.9 | 1,956 | 23.9 | 5.8% |
South Korea | N/A | 1.9 | 16.3 | 7.1 | 93.3% |
United States | 0.7 | 7.7 | 25.3 | 3.5 | 71.0% |
Others | 5.4 | 88.8 | 553 | 19.2 | 52.6% |
Total | 89.5 | 254 | 4,371 | 118 | 9.7% |
Top Export Markets for Tea from Uzbekistan in 2022:
- Kazakhstan (10.7 tons)
- Kyrgyzstan (8.1 tons)
- Russia (7.8 tons)
- United States (2.7 tons)
- South Korea (1.3 tons)
This report provides an in-depth analysis of the tea market in Uzbekistan. 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:
- Uzbekistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Uzbekistan
- 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
This report provides an in-depth analysis of the tea market in Uzbekistan.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Uzbekistan.
This report provides an in-depth analysis of the global tea market.
Discover the top import markets for tea around the world based on data from the IndexBox market intelligence platform.
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