U.S. - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Prices in the United States
U.S. Tea Import Price per Ton in June 2022
In June 2022, the tea price per ton stood at $3.9K (CIF, US), with a decrease of -9% against the previous month. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in February 2022 an increase of 6.6% m-o-m. As a result, import price attained the peak level of $5.0K per ton. From March 2022 to June 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Japan ($32.2K per ton), while the price for Argentina ($1.4K per ton) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Tea Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was tea, green; (not fermented), in immediate packings of a content not exceeding 3kg ($17.7K per ton), while the price for tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg ($1.9K per ton) was amongst the lowest.
From January 2022 to June 2022, 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 (+3.0%), while the prices for the other products experienced mixed trend patterns.
U.S. Tea Imports
In June 2022, purchases abroad of tea decreased by -9.1% to 11K tons for the first time since February 2022, thus ending a three-month rising trend. Over the period under review, total imports indicated resilient growth from January 2022 to June 2022: its volume increased at an average monthly rate of +6.1% over the last five-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, imports increased by +84.1% against February 2022 indices. The growth pace was the most rapid in March 2022 with an increase of 43% m-o-m.
In value terms, tea imports reduced remarkably to $44M (IndexBox estimates) in June 2022. Overall, total imports indicated temperate growth from January 2022 to June 2022: its value increased at an average monthly rate of +2.2% over the last five months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2022 figures, imports decreased by -17.3% against May 2022 indices. The pace of growth was the most pronounced in March 2022 when imports increased by 42% against the previous month.
U.S. Tea Imports by Type
In June 2022, tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg (8.7K tons) constituted the largest type of tea supplied to the United States, with a 76% 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 (1.4K tons), sixfold. Tea, green; (not fermented), in immediate packings of a content exceeding 3kg (840 tons) ranked third in terms of total imports with a 7.3% share.
From January 2022 to June 2022, 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 stood at +8.1%. 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 (+3.0% per month) and tea, green; (not fermented), in immediate packings of a content exceeding 3kg (-3.4% per month).
In value terms, tea, black; (fermented) and partly fermented tea, in immediate packings of a content exceeding 3kg ($17M), tea, black; (fermented) and partly fermented tea, in immediate packings of a content not exceeding 3kg ($13M) and tea, green; (not fermented), in immediate packings of a content not exceeding 3kg ($10M) were the most imported types of tea in the United States, with a combined 89% share of total imports.
U.S. Tea Imports by Country
In June 2022, Argentina (4.2K tons) constituted the largest tea supplier to the United States, with a 36% share of total imports. Moreover, tea imports from Argentina exceeded the figures recorded by the second-largest supplier, China (1.3K tons), threefold. The third position in this ranking was held by India (960 tons), with an 8.4% share.
From January 2022 to June 2022, the average monthly growth rate of volume from Argentina totaled +11.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+0.8% per month) and India (-4.8% per month).
In value terms, Japan ($6.8M), Argentina ($5.9M) and India ($5.8M) constituted the largest tea suppliers to the United States, together accounting for 42% of total imports. These countries were followed by China, Sri Lanka, Taiwan (Chinese), the UK, Malawi, Germany, Kenya, Vietnam, Indonesia and Zimbabwe, which together accounted for a further 45%.
Kenya, with a CAGR of +44.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
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 2030.
Product coverage:
- FCL 667 - Tea
Country coverage:
- United States
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:
- 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
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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
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This report provides an in-depth analysis of the tea market in the U.S..
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This report provides an in-depth analysis of the global tea market.
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This report provides an in-depth analysis of the tea market in the U.S..
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This report provides an in-depth analysis of the global tea market.
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Learn how to successfully enter the tea market in the United States with this comprehensive guide. Discover key insights, market entry strategies, and valuable resources to help you navigate this lucrative industry.
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In February 2023, the tea price decreased to $4,187 per ton (CIF, US), a drop of -12.3% compared to the previous month.
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In May 2022, the tea price per ton amounted to $4,282 (CIF, US), rising by 3.7% against the previous month.
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The tea market is growing rapidly, with new brands and products emerging all the time. But what trends are driving this growth?
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The global tea market revenue amounted to $25.9B in 2018, picking up by 7.7% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +4.3% over that period. Global
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Global tea consumption amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Global tea imports amounted to X thousand tons in 2015, declining by -X% against the previous year level.
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From 2008 to 2015, global exports on the tea market showed mixed dynamics, amounting to X thousand tons in 2015. In value terms, they dropped to X million USD in 2015, which was X million USD less than the year before.
1442
The global tea market showed an upward trend from 2008 to 2013 and reached a peak at X thousand tons. However, in 2014, dynamics downturned. During the next two years, the global tea market decreased to X thousand tons.
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The volume of total imports on the global tea market in 2015 stood at X thousand tons. In value terms, imports of tea decreased to X million USD in 2015, which was X million USD (X%) less than the year before.
