OPINIO
Original content
Global tea exports experienced a modest annual increase of 0.5% over the last decade (2012-2022), reaching 1.84 million metric tons (mmt) in 2022. This growth was driven by a robust annual increase of 2.0% in green tea exports and a more subdued 0.2% annual increase in black tea exports. In 2022, black tea exports saw a 0.9% year-on-year (YoY) rise, primarily attributed to increased shipments from Kenya and India, the first and third largest exporters of black tea. However, Sri Lanka, the second-largest black tea supplier, experienced a significant 12.5% drop in 2022, the lowest since 1996, due to reduced tea production and an ongoing economic crisis.
Global green tea exports increased by 1.7% in 2022, led by growing shipments from China, contributing to over 75% of global green tea exports. According to preliminary 2023 data, global tea exports are expected to remain stagnant despite a resumption in shipments from Sri Lanka. Geopolitical tensions, conflicts, and a global economic slowdown have disrupted international trade, decreasing tea shipments to key importing markets. Notably, tea imports by Pakistan and Russia, the top two importers, declined by 1.6% and 6.5% in 2022, respectively, while the United States (US), the third-largest importer, saw a 4.3% increase in 2022.
The global tea export forecast for black tea is anticipated to reach 1.81 mmt by 2032, exhibiting an annual growth rate of 1.2% compared to the previous decade's 0.2%. This growth is expected across major exporting nations, with Kenya leading at an average annual growth rate of 1.4%, followed by India and Sri Lanka with rates of 1.1% and 0.7%, respectively. Over the next decade (2022-2032), India expects to surpass Sri Lanka as the second-largest exporter of black tea, as Sri Lanka's exports rebound at a slower pace from current setbacks.
Green tea exports are projected to grow at a robust annual growth rate of 3.5%, reaching 574 thousand metric tons (mt) by 2032. This growth is primarily driven by increasing sales from China and Vietnam. China expects to maintain dominance in the export market, contributing 75% of global green tea shipments, with an export volume of 429.91 thousand mt. Vietnam follows with 84.40 thousand mt, Japan with 14.32 thousand mt, and Indonesia with 6.24 thousand mt. Positive growth rates are forecasted for all major green tea exporters over the medium term.
Read more relevant content
Recommended suppliers for you
What to read next