United Kingdom - Tea - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

United Kingdom: Tea Market Overview 2020

Tea Market Size in the UK

The revenue of the tea market in the UK amounted to $X in 2018, going up 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). The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. In that year, the tea market reached its peak level of $X. From 2012 to 2018, the growth of the tea market failed to regain its momentum.

Tea Exports

Exports from the UK

In 2018, the amount of tea exported from the UK totaled X tonnes, picking up by X% against the previous year. Overall, tea exports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. In that year, tea exports attained their peak of X tonnes. From 2011 to 2018, the growth of tea exports remained at a lower figure.

In value terms, tea exports stood at $X in 2018. Overall, tea exports, however, continue to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. In that year, tea exports attained their peak of $X. From 2011 to 2018, the growth of tea exports remained at a lower figure.

Exports by Country

Ireland (X tonnes), Canada (X tonnes) and Belgium (X tonnes) were the main destinations of tea exports from the UK, with a combined X% share of total exports. The U.S., France, Poland, Spain, Germany, Israel, the Netherlands, Switzerland and Italy lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Israel, while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for tea exports from the UK, comprising X% of total tea exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and the U.S. (-X% per year).

Export Prices by Country

The average tea export price stood at $X per tonne in 2018, approximately equating the previous year. In general, the tea export price continues to indicate a deep downturn. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for tea attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was France ($X per tonne), while the average price for exports to Israel ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into the UK

In 2018, approx. X tonnes of tea were imported into the UK; going up by X% against the previous year. In general, tea imports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. In that year, tea imports attained their peak of X tonnes. From 2012 to 2018, the growth of tea imports failed to regain its momentum.

In value terms, tea imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

Kenya (X tonnes), Indonesia (X tonnes) and India (X tonnes) were the main suppliers of tea imports to the UK, with a combined X% share of total imports. Malawi, Zimbabwe, Poland, Tanzania, Switzerland, China and Germany lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Switzerland, while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) constituted the largest supplier of tea to the UK, comprising X% of total tea imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Kenya was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and India (+X% per year).

Import Prices by Country

The average tea import price stood at $X per tonne in 2018, lowering by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for tea reached their peak figure at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Poland ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform