Portugal - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Portugal - 2023
Contents:
- Tea Price in Portugal (CIF) - 2022
- Tea Price in Portugal (FOB) - 2023
- Tea Imports in Portugal
- Tea Exports in Portugal
Tea Price in Portugal (CIF) - 2022
In 2022, the average tea import price amounted to $9,415 per ton, reducing by -9.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2016 an increase of 17%. Over the period under review, average import prices hit record highs at $10,368 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($14,673 per ton), while the price for India ($4,885 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Portugal (FOB) - 2023
The average tea export price stood at $21,132 per ton in July 2023, with an increase of 2.6% against the previous month. In general, export price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, tea export price decreased by -9.7% against May 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 56% month-to-month. As a result, the export price attained the peak level of $28,279 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($70,741 per ton), while the average price for exports to France ($7,077 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Tea Imports in Portugal
In 2022, approx. 876 tons of tea were imported into Portugal; rising by 37% on the previous year's figure. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, tea imports skyrocketed to $8.2M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tea in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,757 | 2,773 | 3,233 | 4,101 | 14.2% |
| Poland | 1,395 | 1,055 | 1,193 | 1,191 | -5.1% |
| Germany | 1,003 | 764 | 812 | 941 | -2.1% |
| Italy | 297 | 361 | 326 | 696 | 32.8% |
| United Kingdom | 411 | 202 | 149 | 353 | -4.9% |
| Netherlands | 241 | 167 | 270 | 291 | 6.5% |
| India | 83.0 | 91.5 | 121 | 115 | 11.5% |
| United Arab Emirates | 292 | 143 | 177 | N/A | -22.1% |
| Others | 583 | 161 | 329 | 557 | -1.5% |
| Total | 7,062 | 5,718 | 6,609 | 8,244 | 5.3% |
Top Suppliers of Tea to Portugal in 2022:
- Spain (534.9 tons)
- Poland (86.5 tons)
- Italy (74.3 tons)
- Germany (64.1 tons)
- United Kingdom (34.7 tons)
- Netherlands (27.6 tons)
- India (23.6 tons)
Tea Exports in Portugal
In 2022, shipments abroad of tea decreased by -2.8% to 110 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 160 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, tea exports expanded rapidly to $2M in 2022. In general, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.2% against the previous year.
| Export of Tea in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Angola | 1,386 | 528 | 607 | 927 | -12.5% |
| Cabo Verde | 214 | 318 | 237 | 286 | 10.1% |
| Spain | 118 | 296 | 355 | 224 | 23.8% |
| France | 73.2 | 151 | 117 | 104 | 12.4% |
| United States | 70.1 | 71.1 | 53.4 | 67.6 | -1.2% |
| Switzerland | 85.1 | 100 | 71.8 | 53.9 | -14.1% |
| United Kingdom | 24.9 | 17.9 | 100 | 36.9 | 14.0% |
| Mozambique | 51.2 | 78.7 | 27.9 | 28.1 | -18.1% |
| Germany | 4.2 | 4.0 | 1.6 | 27.1 | 86.2% |
| Luxembourg | 3.2 | 3.2 | 4.6 | 24.1 | 96.0% |
| Israel | N/A | 0.3 | 0.1 | 23.5 | 785.1% |
| Sweden | N/A | N/A | 69.2 | 15.5 | -77.6% |
| Others | 271 | 203 | 254 | 190 | -11.2% |
| Total | 2,301 | 1,771 | 1,899 | 2,007 | -4.5% |
Top Export Markets for Tea from Portugal in 2022:
- Angola (44.4 tons)
- France (14.5 tons)
- Israel (12.2 tons)
- Cabo Verde (10.2 tons)
- Spain (5.4 tons)
- United Kingdom (2.9 tons)
- United States (2.8 tons)
- Mozambique (2.7 tons)
- Luxembourg (2.4 tons)
- Switzerland (2.2 tons)
- Sweden (2.0 tons)
- Germany (2.0 tons)
This report provides an in-depth analysis of the tea market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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 Portugal.
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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 Portugal.
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This report provides an in-depth analysis of the global tea market.
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