Russian Federation: Tea Market 2024

Tea Market Size in the Russian Federation

The Russian tea market fell modestly to $X in 2022, waning by X% against 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). Over the period under review, consumption recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Tea consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tea Exports

Exports from the Russian Federation

After six years of growth, overseas shipments of tea decreased by X% to X tons in 2022. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, tea exports contracted to $X in 2022. Overall, total exports indicated a perceptible 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 2016 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of tea exports from Russia, together accounting for X% of total exports. Kyrgyzstan, Moldova, Israel and Lithuania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) constituted the largest markets for tea exported from Russia worldwide, with a combined X% share of total exports. Kyrgyzstan, Moldova, Israel and Lithuania lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Israel, with a CAGR of X%, recorded 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

In 2022, the average tea export price amounted to $X per ton, approximately equating the previous year. Overall, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the 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 Ukraine ($X per ton), while the average price for exports to Israel ($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 Ukraine (X%), while the prices for the other major destinations experienced a decline.

Tea Imports

Imports into the Russian Federation

After two years of growth, purchases abroad of tea decreased by X% to X tons in 2022. Overall, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tea imports dropped to $X in 2022. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Sri Lanka (X tons), India (X tons) and Kenya (X tons) were the main suppliers of tea imports to Russia, with a combined X% share of total imports. China, Vietnam, Argentina, Tanzania, Indonesia and the United Arab Emirates 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 Argentina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tea suppliers to Russia were Sri Lanka ($X), India ($X) and Kenya ($X), together comprising X% of total imports. China, Vietnam, the United Arab Emirates, Tanzania, Indonesia and Argentina lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tea import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a pronounced slump. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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