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From April 2023 to November 2023, the exports of Tea experienced a lower growth. The value of Tea exports amounted to $153M in November 2023.
Tea exports experienced a decline from October 2022 to August 2023, with a lower figure of $14M in value terms for the latter month.
Tea imports showed a significant growth rate in September 2022, increasing by 97% compared to the previous month. However, the value of tea imports experienced a sharp decline, reaching $2M in June 2023.
In April 2023, the Tea price was $7,123 per ton (CIF, Mexico), declining by 50.7% compared to the previous month.
In March 2023, the price of Tea was $2,884 per ton (CIF, United Kingdom), with a 10% decrease compared to the previous month.
In March 2023, the tea price stood at $9,407 per ton (CIF, Hong Kong), waning by -37.8% against the previous month.
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In January 2023, the tea price stood at $7,289 per ton (CIF, Netherlands), which is down by -12.1% against the previous month.
In February 2023, the tea price decreased to $4,187 per ton (CIF, US), a drop of -12.3% compared to the previous month.
In May 2022, the tea price per ton amounted to $4,282 (CIF, US), rising by 3.7% against the previous month.
The tea market is growing rapidly, with new brands and products emerging all the time. But what trends are driving this growth?
In 2020, shipments abroad of tea from India decreased by -20.6% owing to disruptions in supply chains during the pandemic.
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