Tea Market Overview in Ireland
The value of the tea market in Ireland contracted to $ in 2019, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated modest growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to 2019, consumption remained at a lower figure.