Pakistan - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Pakistan - 2023
Contents:
- Tea Price in Pakistan (CIF) - 2023
- Tea Price in Pakistan (FOB) - 2023
- Tea Imports in Pakistan
- Tea Exports in Pakistan
Tea Price in Pakistan (CIF) - 2023
In February 2023, the average tea import price amounted to $2,125 per ton, reducing by -16.5% against the previous month. Over the period under review, the import price saw a noticeable slump. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 8.5% m-o-m. The import price peaked at $2,826 per ton in April 2022; however, from May 2022 to February 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Rwanda ($2,901 per ton), while the price for China ($1,437 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Tea Price in Pakistan (FOB) - 2023
In February 2023, the average tea export price amounted to $5,070 per ton, reducing by -6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 38% against the previous month. The export price peaked at $5,851 per ton in April 2022; however, from May 2022 to February 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($6,124 per ton), while the average price for exports to Afghanistan ($1,046 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%), while the prices for the other major destinations experienced a decline.
Tea Imports in Pakistan
In 2022, overseas purchases of tea decreased by -3.9% to 253K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 23%.
In value terms, tea imports rose significantly to $642M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Tea in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 391 | 488 | 492 | 533 | 10.9% |
| Rwanda | 35.0 | 28.8 | 34.0 | 38.0 | 2.8% |
| Vietnam | 16.7 | 17.2 | 21.0 | 17.3 | 1.2% |
| Uganda | 8.9 | 14.9 | 15.0 | 16.2 | 22.1% |
| India | 9.8 | 9.9 | 10.2 | 11.3 | 4.9% |
| Burundi | 11.4 | 9.0 | 9.7 | 10.8 | -1.8% |
| China | 5.0 | 4.3 | 5.3 | 6.7 | 10.2% |
| Tanzania | 12.7 | 9.5 | 6.9 | 1.4 | -52.1% |
| Others | 6.8 | 8.3 | 7.8 | 8.1 | 6.0% |
| Total | 498 | 590 | 602 | 642 | 8.8% |
Top Suppliers of Tea to Pakistan in 2022:
- Kenya (202.0K tons)
- Rwanda (11.7K tons)
- Vietnam (9.3K tons)
- Uganda (9.3K tons)
- India (6.1K tons)
- China (5.4K tons)
- Burundi (4.3K tons)
- Tanzania (0.6K tons)
Tea Exports in Pakistan
In 2022, overseas shipments of tea decreased by -6.8% to 2.5K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 59% against the previous year. As a result, the exports attained the peak of 3.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tea exports stood at $14M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Tea in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,871 | 4,608 | 4,568 | 5,035 | 20.6% |
| Afghanistan | 1,946 | 3,934 | 3,342 | 2,190 | 4.0% |
| Italy | 327 | 666 | 909 | 1,024 | 46.3% |
| Canada | 523 | 924 | 786 | 893 | 19.5% |
| Saudi Arabia | 776 | 778 | 589 | 747 | -1.3% |
| Australia | 409 | 700 | 611 | 699 | 19.6% |
| United Kingdom | 153 | 389 | 318 | 399 | 37.6% |
| Germany | 211 | 297 | 306 | 333 | 16.4% |
| Greece | 233 | 362 | 288 | 314 | 10.5% |
| United Arab Emirates | 221 | 372 | 254 | 294 | 10.0% |
| Kazakhstan | 351 | 350 | 50.3 | 160 | -23.0% |
| Kyrgyzstan | 257 | 103 | 7.8 | 5.9 | -71.6% |
| Others | 1,119 | 1,411 | 1,582 | 1,606 | 12.8% |
| Total | 9,396 | 14,893 | 13,610 | 13,700 | 13.4% |
Top Export Markets for Tea from Pakistan in 2022:
- United States (825.7 tons)
- Afghanistan (621.7 tons)
- Italy (176.0 tons)
- Canada (142.5 tons)
- Saudi Arabia (129.5 tons)
- Australia (122.1 tons)
- United Arab Emirates (58.2 tons)
- Greece (54.8 tons)
- United Kingdom (54.3 tons)
- Germany (54.1 tons)
- Kazakhstan (29.2 tons)
- Kyrgyzstan (5.0 tons)
This report provides an in-depth analysis of the tea market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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
-
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 Pakistan.
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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 Pakistan.
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This report provides an in-depth analysis of the global tea market.
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