Southern Asia: Tea Market 2024

Tea Market Size in Southern Asia

The South Asian tea market fell to $X in 2022, waning by X% against the previous year. The total consumption indicated a prominent 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Tea Production in Southern Asia

In value terms, tea production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021, and then contracted slightly in the following year.

The countries with the highest volumes of production in 2022 were Sri Lanka (X tons), India (X tons) and Nepal (X tons), together accounting for X% of total production.

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

Tea Exports

Exports in Southern Asia

In 2022, exports of tea in Southern Asia rose rapidly to X tons, with an increase of X% against the year before. In general, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tea exports expanded sharply to $X in 2022. Over the period under review, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons) and India (X tons) dominates exports structure, together making up X% of total exports. Nepal (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nepal (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest tea supplying countries in Southern Asia were Sri Lanka ($X), India ($X) and Nepal ($X), together accounting for X% of total exports.

Among the main exporting countries, Nepal, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (X%), while the other leaders experienced mixed trends in the export price figures.

Tea Imports

Imports in Southern Asia

In 2022, after four years of growth, there was decline in supplies from abroad of tea, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, tea imports rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Pakistan dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2022. India (X tons) held the second position in the ranking, followed by Afghanistan (X tons). All these countries together took approx. X% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the tea imports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. Sri Lanka experienced a relatively flat trend pattern. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported tea in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Pakistan amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Afghanistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Afghanistan ($X per ton) and Pakistan ($X per ton), while India ($X per ton) and Sri Lanka ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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