Tea Market in Taiwan (Chinese)
Market Overview
In 
, the Taiwanese tea market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Tea consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, tea production totaled $ in estimated in export price. In general, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Tea production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
The average yield of tea in Taiwan (Chinese) shrank sharply to less than kg per ha in , reducing by % compared with the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by % against the previous year. The tea yield peaked at tons per ha in 2014; however, from 2015 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In, approx. less than ha of tea were harvested in Taiwan (Chinese); dropping by % against the previous year's figure. Overall, the harvested area saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the harvested area increased by %. Over the period under review, the harvested area dedicated to tea production attained the peak figure at ha in 2007; however, from 2008 to , the harvested area failed to regain momentum.
, the Taiwanese tea market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Tea consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, tea production totaled $
in estimated in export price. In general, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Tea production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.The average yield of tea in Taiwan (Chinese) shrank sharply to less than
kg per ha in , reducing by % compared with the year before. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by % against the previous year. The tea yield peaked at tons per ha in 2014; however, from 2015 to , the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.In
, approx. less than ha of tea were harvested in Taiwan (Chinese); dropping by % against the previous year's figure. Overall, the harvested area saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the harvested area increased by %. Over the period under review, the harvested area dedicated to tea production attained the peak figure at ha in 2007; however, from 2008 to , the harvested area failed to regain momentum.Consumption
In , the amount of tea consumed in Taiwan (Chinese) declined to tons, reducing by -% compared with figures. Over the period under review, consumption saw a mild reduction. Tea consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
The value of the tea market in Taiwan (Chinese) rose modestly to $ in , with an increase of % 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, the amount of tea consumed in Taiwan (Chinese) declined to tons, reducing by -% compared with figures. Over the period under review, consumption saw a mild reduction. Tea consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.The value of the tea market in Taiwan (Chinese) rose modestly to $
in , with an increase of % 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for tea in Taiwan (Chinese), the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Tea market in Taiwan (Chinese) remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Taiwan (Chinese) remains a net importer of tea; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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