Asia-Pacific: Tea Market 2024

Tea Market Size in Asia-Pacific

The Asia-Pacific tea market fell to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Tea Production in Asia-Pacific

In value terms, tea production dropped 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 consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021, and then contracted in the following year.

The countries with the highest volumes of production in 2022 were Sri Lanka (X tons), China (X tons) and India (X tons), together accounting for X% of total production. Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

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

Tea Exports

Exports in Asia-Pacific

In 2022, tea exports in Asia-Pacific rose significantly to X tons, picking up by X% compared with 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2017; afterwards, it flattened through to 2022.

In value terms, tea exports declined slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from China (X tons), Sri Lanka (X tons) and India (X tons), together recording X% of total export. It was distantly followed by Vietnam (X tons), achieving an X% share of total exports. Indonesia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Sri Lanka ($X) and India ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Tea Imports

Imports in Asia-Pacific

After four years of growth, supplies from abroad of tea decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, tea imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Pakistan (X tons) was the main importer of tea, comprising X% of total imports. China (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%), Malaysia (X%), Taiwan (Chinese) (X%) and Japan (X%). Hong Kong SAR (X tons), Indonesia (X tons), Afghanistan (X tons), Thailand (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tea imports into Pakistan stood at X%. At the same time, Thailand (X%), Hong Kong SAR (X%), China (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%), Taiwan (Chinese) (X%), Japan (X%), Australia (X%) and Afghanistan (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.) and China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), Australia (X p.p.), Japan (X p.p.) and Afghanistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Pakistan, tea imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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