Report Update Apr 1, 2024

Puerto Rico - Tea - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Tea Market 2024

Tea Market Size in Puerto Rico

The Puerto Rican tea market totaled less than $X in 2021, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern.

Tea Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of tea were exported from Puerto Rico; remaining constant against 2020 figures. Overall, exports showed a relatively flat trend pattern.

In value terms, tea exports stood at less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, Kenya (X tons), distantly followed by China (X tons), Sri Lanka (X tons), India (X tons) and Vietnam (X tons) represented the main exporters of tea, together creating 74% of total exports. Argentina (X tons), Malawi (X tons), the United Arab Emirates (X tons), Indonesia (X tons) and Free Zones (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kenya (with a CAGR of +5.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tea supplying countries from Puerto Rico were China ($X), Kenya ($X) and Sri Lanka ($X), together comprising 59% of total exports.

In terms of the main exporting countries, China, with a CAGR of +9.2%, saw the highest rates of growth with regard to 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 export price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced more modest paces of growth.

Tea Imports

Imports into Puerto Rico

In 2021, imports of tea into Puerto Rico amounted to less than X kg, approximately equating the previous year. Overall, imports continue to indicate a relatively flat trend pattern.

In value terms, tea imports totaled less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Pakistan (X tons), followed by Russia (X tons), the United States (X tons), the UK (X tons), Egypt (X tons) and Iran (X tons) were the main importers of tea, together comprising 43% of total imports. The following importers - the United Arab Emirates (X tons), China (X tons), Morocco (X tons), Germany (X tons), Saudi Arabia (X tons), Poland (X tons) and Iraq (X tons) - together made up 16% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tea importing markets into Puerto Rico were Pakistan ($X), the United States ($X) and Russia ($X), with a combined 23% share of total imports. These countries were followed by Iran, the UK, Saudi Arabia, Egypt, Germany, the United Arab Emirates, China, Morocco, Poland and Iraq, which together accounted for a further 30%.

China, with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tea in the world?

The countries with the highest volumes of consumption in 2021 were Pakistan, India and Russia, with a combined 27% share of global consumption. These countries were followed by Sri Lanka, the United States, Egypt, the UK, Iran, Indonesia, Vietnam, Morocco, Kenya and Saudi Arabia, which together accounted for a further 34%.

What are the largest producers of tea in the world?

The countries with the highest volumes of production in 2021 were Kenya, Sri Lanka and China, together comprising 58% of global production.

What are the leading suppliers of tea to Puerto Rico?

In value terms, Pakistan, the United States and Russia appeared to be the countries with the highest levels of imports in 2021, together comprising 23% of total imports. These countries were followed by Iran, the UK, Saudi Arabia, Egypt, Germany, the United Arab Emirates, China, Morocco, Poland and Iraq, which together accounted for a further 30%.

What are the leading importers of tea from Puerto Rico?

In value terms, the largest tea supplying countries from Puerto Rico were China, Kenya and Sri Lanka, with a combined 59% share of total exports.

What is the average export price for tea in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, almost unchanged from the previous year.

What is the average import price for tea in Puerto Rico?

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately equating the previous year.

This report provides an in-depth analysis of the tea market in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023