India: Extracts Of Tea Market 2024

Extracts Of Tea Market Size in India

In 2022, the Indian extracts of tea market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Extracts Of Tea Production in India

In value terms, extracts of tea production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Extracts Of Tea Exports

Exports from India

In 2022, the amount of extracts, essences and concentrates of tea or mate exported from India surged to X tons, picking up by X% on the previous year's figure. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, extracts of tea exports skyrocketed to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), the United Arab Emirates (X tons) and Ireland (X tons) were the main destinations of extracts of tea exports from India, with a combined X% share of total exports. Saudi Arabia, Myanmar, Japan, Qatar, Kuwait, Italy, Bangladesh, Canada and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ireland ($X) and the United Arab Emirates ($X) were the largest markets for extracts of tea exported from India worldwide, together comprising X% of total exports. Japan, Myanmar, Saudi Arabia, the Philippines, Canada, Italy, Kuwait, Bangladesh and Qatar lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Myanmar, with a CAGR of X.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average extracts of tea export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the United Arab Emirates ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Extracts Of Tea Imports

Imports into India

Extracts of tea imports into India dropped dramatically to X tons in 2022, waning by X% against 2021 figures. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, extracts of tea imports contracted markedly to $X in 2022. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Kenya (X tons), China (X tons) and the United States (X tons) were the main suppliers of extracts of tea imports to India, together accounting for X% of total imports. Malaysia, Taiwan (Chinese), Singapore and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Kenya ($X) and the United States ($X) constituted the largest extracts of tea suppliers to India, with a combined X% share of total imports. Germany, Malaysia, Singapore and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average extracts of tea import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform