Belgium - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Belgium - 2023
Contents:
- Tea Price in Belgium (CIF) - 2023
- Tea Price in Belgium (FOB) - 2023
- Tea Imports in Belgium
- Tea Exports in Belgium
Tea Price in Belgium (CIF) - 2023
The average tea import price stood at $7,113 per ton in July 2023, surging by 15% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.3%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 29% against the previous month. The import price peaked at $7,772 per ton in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($28,878 per ton), while the price for China ($4,949 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Belgium (FOB) - 2023
In July 2023, the average tea export price amounted to $6,204 per ton, picking up by 4.5% against the previous month. Overall, export price indicated moderate growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tea export price increased by +16.4% against May 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 57% month-to-month. The export price peaked at $7,792 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($12,309 per ton), while the average price for exports to Germany ($4,625 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Belgium
After three years of growth, supplies from abroad of tea decreased by -12.5% to 13K tons in 2022. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year.
In value terms, tea imports reduced to $82M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year.
Import of Tea in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 7.8 | 15.4 | 21.4 | 18.8 | 34.1% |
Netherlands | 9.0 | 18.6 | 19.8 | 17.5 | 24.8% |
China | 4.8 | 7.3 | 10.7 | 9.6 | 26.0% |
Poland | 7.7 | 8.4 | 9.4 | 8.9 | 4.9% |
Germany | 4.3 | 8.0 | 8.2 | 8.6 | 26.0% |
India | 1.5 | 2.4 | 3.4 | 3.6 | 33.9% |
Malawi | 0.9 | 2.1 | 2.0 | 2.0 | 30.5% |
Sri Lanka | 0.6 | 0.9 | 1.8 | 1.4 | 32.6% |
Turkey | 0.1 | 0.5 | 0.9 | 1.0 | 115.4% |
United Kingdom | 3.1 | 0.7 | 0.9 | 0.5 | -45.6% |
Zimbabwe | 0.2 | 0.5 | 0.4 | 0.4 | 26.0% |
Others | 2.4 | 3.6 | 4.0 | 9.6 | 58.7% |
Total | 42.4 | 68.4 | 82.9 | 81.9 | 24.5% |
Top Suppliers of Tea to Belgium in 2022:
- China (2.1K tons)
- Netherlands (2.0K tons)
- Poland (1.7K tons)
- India (1.3K tons)
- Germany (1.3K tons)
- France (1.2K tons)
- Malawi (1.0K tons)
- Turkey (0.5K tons)
- Sri Lanka (0.3K tons)
- Zimbabwe (0.2K tons)
- United Kingdom (0.1K tons)
Tea Exports in Belgium
Tea exports from Belgium skyrocketed to 10K tons in 2022, with an increase of 63% compared with 2021. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.2% against 2020 indices.
In value terms, tea exports surged to $57M in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 67%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Tea in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 16.0 | 14.7 | 11.6 | 14.7 | -2.8% |
France | 5.0 | 14.3 | 6.1 | 13.0 | 37.5% |
Spain | 2.6 | 8.9 | 7.9 | 9.0 | 51.3% |
Luxembourg | 0.5 | 2.2 | 3.3 | 5.1 | 116.9% |
Germany | 1.2 | 2.3 | 2.6 | 3.0 | 35.7% |
Italy | 0.9 | 1.1 | 1.6 | 2.4 | 38.7% |
Mali | N/A | N/A | N/A | 0.5 | 0% |
Others | 2.9 | 5.2 | 5.2 | 9.6 | 49.0% |
Total | 29.1 | 48.7 | 38.3 | 57.3 | 25.3% |
Top Export Markets for Tea from Belgium in 2022:
- Netherlands (3.3K tons)
- France (1.6K tons)
- Germany (1.3K tons)
- Spain (1.3K tons)
- Luxembourg (0.7K tons)
- Italy (0.4K tons)
- Mali (0.2K tons)
This report provides an in-depth analysis of the tea market in Belgium. 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:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the tea market in Belgium.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Belgium.
This report provides an in-depth analysis of the global tea market.
Discover the top import markets for tea around the world based on data from the IndexBox market intelligence platform.
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