Reunion: Tea Market 2020

Tea Market Size in Reunion

The revenue of the tea market in Reunion amounted to $X in 2018, picking up by X% against the previous year. Overall, the total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tea consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Reunion tea consumption peaked in 2018 and is expected to retain its growth in the near future.

Tea Production in Reunion

In value terms, tea production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a strong expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, tea production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Reunion tea production peaked in 2018 and is expected to retain its growth in the near future.

In 2018, the average yield of tea in Reunion amounted to X ton per ha, stabilizing at the previous year. Overall, the tea yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. In that year, the tea yield attained its peak level of X ton per ha. From 2014 to 2018, the growth of the tea yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Tea harvested area in Reunion amounted to X ha in 2018, increasing by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when harvested area increased by X% y-o-y. The global tea harvested area peaked in 2018 and is likely to continue its growth in the immediate term.

Tea Exports

Exports by Country

Kenya (X tons), China (X tons), Sri Lanka (X tons) and India (X tons) represented roughly X% of total exports of tea in 2018. Argentina (X tons), Vietnam (X tons), Indonesia (X tons), Free Zones (X tons) and Malawi (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Argentina, while the other leaders experienced more modest paces of growth.

In value terms, the largest tea markets from Reunion were China ($X), Sri Lanka ($X) and Kenya ($X), together comprising X% of total exports.

Among the main exporting countries, China recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the tea export price in Reunion amounted to $X per ton, remaining stable against the previous year. Over the period under review, the tea export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Free Zones ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Tea Imports

Imports by Country

In 2018, Pakistan (X tons), Russia (X tons), the UK (X tons), the U.S. (X tons), Egypt (X tons), Iran (X tons), the United Arab Emirates (X tons), Germany (X tons), Iraq (X tons), Poland (X tons), Saudi Arabia (X tons) and China (X tons) were the major importers of tea in the world, constituting X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced more modest paces of growth.

In value terms, the largest tea importing markets into Reunion were Pakistan ($X), Russia ($X) and the U.S. ($X), together comprising X% of total imports. These countries were followed by the UK, Iran, Egypt, the United Arab Emirates, Germany, Saudi Arabia, China, Iraq and Poland, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The tea import price in Reunion stood at $X per ton in 2018, approximately reflecting the previous year. Overall, the tea import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform