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U.S. - Tea - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Tea Market Overview 2021

Tea Market Size in the U.S.

The U.S. tea market dropped to $X in 2020, falling 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% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. Tea consumption peaked at $X in 2016; however, from 2017 to 2020, consumption remained at a lower figure.

Tea Exports

Exports from the U.S.

In 2020, shipments abroad of tea decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, tea exports shrank sharply to $X in 2020. In general, exports, however, showed a strong expansion. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for tea exports from the U.S., accounting for a X% share of total exports. Moreover, tea exports to Canada exceeded the volume sent to the second major destination, Japan (X tonnes), tenfold. Mexico (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Mexico (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average tea export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into the U.S.

In 2020, purchases abroad of tea decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, tea imports reduced to $X in 2020. In general, total imports indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then reduced modestly in the following year.

Imports by Country

In 2020, Argentina (X tonnes) constituted the largest supplier of tea to the U.S., with a X% share of total imports. Moreover, tea imports from Argentina exceeded the figures recorded by the second-largest supplier, India (X tonnes), threefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and China (-X% per year).

In value terms, the largest tea suppliers to the U.S. were Japan ($X), India ($X) and China ($X), together comprising X% of total imports. These countries were followed by Argentina, Sri Lanka, Canada, Taiwan (Chinese), Germany, Malawi, Indonesia, Viet Nam, Kenya and Zimbabwe, which together accounted for a further X the main suppliers, Zimbabwe recorded the highest growth rate of 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

In 2020, the average tea import price amounted to $X per tonne, picking up by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2013 an increase of X% year-to-year. The import price peaked in 2020 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tea in the world?
+
China (2.7M tonnes) constituted the country with the largest volume of tea consumption, comprising approx. 40% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India (1.3M tonnes), twofold. Turkey (301K tonnes) ranked third in terms of total consumption with a 4.5% share.
What are the largest producers of tea in the world?
+
The country with the largest volume of tea production was China (3M tonnes), comprising approx. 43% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (1.4M tonnes), twofold. Kenya (560K tonnes) ranked third in terms of total production with a 8.1% share.
What are the leading suppliers of tea to the U.S.?
+
In value terms, Japan ($81M), India ($59M) and China ($54M) constituted the largest tea suppliers to the U.S., with a combined 41% share of total imports. Argentina, Sri Lanka, Canada, Taiwan (Chinese), Germany, Malawi, Indonesia, Viet Nam, Kenya and Zimbabwe lagged somewhat behind, together comprising a further 42%.
What are the leading importers of tea from the U.S.?
+
In value terms, Canada ($50M) remains the key foreign market for tea exports from the U.S., comprising 57% of total exports. The second position in the ranking was occupied by Japan ($4.5M), with a 5.1% share of total exports. It was followed by Germany, with a 3.8% share.
What is the average export price for tea in the U.S.?
+
The average tea export price stood at $6,248 per tonne in 2020, declining by -4.2% against the previous year.
What is the average import price for tea in the U.S.?
+
The average tea import price stood at $4,444 per tonne in 2020, increasing by 7.3% against the previous year.

Product coverage:
• FCL 667 - Tea

This report provides an in-depth analysis of the tea market in the U.S.. 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 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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