Global Tea Market 2022

Tea Market Size

In 2020, the global tea market decreased by -X% to $X for the first time since 2006, thus ending a thirteen-year rising trend. Over the period under review, the total consumption indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2007 indices. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the global market attained the maximum level at $X in 2019, and then declined in the following year.

Tea Production

In value terms, tea production reached $X in 2020 estimated in export prices. In general, the total production indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2007 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Global production peaked in 2020 and is expected to retain growth in the immediate term.

China (X tonnes) constituted the country with the largest volume of tea production, comprising approx. X% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), twofold. The third position in this ranking was occupied by Kenya (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in China totaled +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Kenya (+X% per year).

In 2020, the global average tea yield was estimated at X tonnes per ha, almost unchanged from the year before. In general, the yield, however, recorded a slight decrease. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, the average tea yield hit record highs at X tonnes per ha in 2013; however, from 2014 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the global tea harvested area expanded slightly to X ha, picking up by X% compared with the previous year. Overall, the total harvested area indicated notable growth from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, tea harvested area increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to tea production attained the maximum in 2020 and is expected to retain growth in the immediate term.

Production By Country

The country with the largest volume of tea production was China (X tonnes), comprising approx. X% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), twofold. Kenya (X tonnes) ranked third in terms of total production with a X% share.

In China, tea production increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and Kenya (+X% per year).

Tea Exports

Exports

In 2020, approx. X tonnes of tea were exported worldwide; surging by X% on the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Global exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, tea exports expanded markedly to $X in 2020. In general, total exports indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, global exports hit record highs in 2020 and are expected to retain growth in the near future.

Exports by Country

In 2020, Kenya (X tonnes), distantly followed by China (X tonnes), Sri Lanka (X tonnes), India (X tonnes) and Vietnam (X tonnes) were the key exporters of tea, together achieving X% of total exports. Argentina (X tonnes), the United Arab Emirates (X tonnes), Malawi (X tonnes), Free Zones (X tonnes) and Indonesia (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in the United Arab Emirates, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest tea supplying countries worldwide were China ($X), Sri Lanka ($X) and Kenya ($X), with a combined X% share of global exports.

China recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average tea export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2019, and then contracted modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Free Zones ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Tea Imports

Imports

In 2020, purchases abroad of tea increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Global imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, tea imports reduced to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Pakistan (X tonnes), followed by Russia (X tonnes), the UK (X tonnes) and the United States (X tonnes) represented the key importers of tea, together mixing up X% of total imports. Egypt (X tonnes), Morocco (X tonnes), Iran (X tonnes), the United Arab Emirates (X tonnes), China (X tonnes), Poland (X tonnes), Germany (X tonnes), Saudi Arabia (X tonnes) and India (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in China, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), the United States ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of global imports. These countries were followed by the UK, Iran, Saudi Arabia, Morocco, Germany, Egypt, China, the United Arab Emirates, Poland and India, which together accounted for a further X the main importing countries, China recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average tea import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. Global import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Saudi Arabia ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform