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United Kingdom - Tea - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

United Kingdom - Tea - Market Analysis, Forecast, Size, Trends and Insights

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Jul 23, 2023

UK Tea Price Experiences Slight Decline to $2,884 per Ton

United Kingdom Tea Import Price in March 2023

In March 2023, the tea price stood at $2,884 per ton (CIF, United Kingdom), reducing by -10% against the previous month. In general, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in June 2022 an increase of 15% m-o-m. The import price peaked at $3,515 per ton in November 2022; however, from December 2022 to March 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($4,039 per ton), while the price for Malawi ($2,017 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Tea in United Kingdom (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Switzerland3,4824,0163,2383,5723,5163,1603,3303,2293,3984,0244,3873,1384,039
India5,1633,9293,2334,3784,3183,6014,4844,4974,4734,2193,3833,8603,703
Rwanda3,6784,0073,7723,8293,1803,5573,4013,4883,2213,3843,2603,3343,356
Kenya2,4272,4492,3452,4242,2782,4092,2572,2852,3002,3932,3602,3012,252
South Africa3,3062,5172,4962,5712,4812,7233,6462,2353,3163,3962,6112,3782,117
Tanzania1,9272,2791,9421,8411,8801,9251,9061,8481,9462,0182,1461,7552,066
Malawi1,7911,7071,6222,0651,9431,9271,8941,9222,0582,0001,9111,8162,017
Average3,3892,9212,7163,1102,8452,8532,9933,1423,5153,3153,1053,2052,884

United Kingdom Tea Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In March 2023, the product with the highest price was tea, green; (not fermented), in immediate packings of a content not exceeding 3kg ($24,383 per ton), while the price for tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg ($2,448 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg (+1.2%), while the prices for the other products experienced more modest paces of growth.

United Kingdom Tea Imports

In March 2023, imports of tea into the UK soared to 9.5K tons, with an increase of 71% compared with the previous month. Overall, total imports indicated a mild increase from March 2022 to March 2023: its volume increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, imports decreased by -7.1% against January 2023 indices.

In value terms, tea imports skyrocketed to $27M (IndexBox estimates) in March 2023. Over the period under review, imports recorded a relatively flat trend pattern.

United Kingdom Tea Imports by Type

In March 2023, tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg (8.8K tons) was the main type of tea supplied to the UK, with a 93% share of total imports. Moreover, tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg exceeded the figures recorded for the second-largest type, tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg (453 tons), more than tenfold. Tea, green; (not fermented), in immediate packings of a content exceeding 3kg (164 tons) ranked third in terms of total imports with a 1.7% share.

From March 2022 to March 2023, the average monthly growth rate of the volume of import of tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg totaled +2.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg (-2.3% per month) and tea, green; (not fermented), in immediate packings of a content exceeding 3kg (-5.9% per month).

In value terms, tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg ($22M) constituted the largest type of tea supplied to the UK, comprising 79% of total imports. The second position in the ranking was held by tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg ($3.7M), with a 13% share of total imports. It was followed by tea, green; (not fermented), in immediate packings of a content not exceeding 3kg, with a 4.5% share.

United Kingdom Tea Imports by Country

In March 2023, Kenya (6.9K tons) constituted the largest supplier of tea to the UK, accounting for a 73% share of total imports. Moreover, tea imports from Kenya exceeded the figures recorded by the second-largest supplier, Switzerland (467 tons), more than tenfold. The third position in this ranking was held by India (412 tons), with a 4.3% share.

From March 2022 to March 2023, the average monthly growth rate of volume from Kenya stood at +5.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Switzerland (-0.3% per month) and India (-3.8% per month).

In value terms, Kenya ($16M) constituted the largest supplier of tea to the UK, comprising 57% of total imports. The second position in the ranking was held by Switzerland ($1.9M), with a 6.9% share of total imports. It was followed by India, with a 5.6% share.

From March 2022 to March 2023, the average monthly growth rate of value from Kenya totaled +4.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Switzerland (+0.9% per month) and India (-6.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tea market in the UK. 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:

  • United Kingdom

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the UK
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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