Global Extracts Of Tea Market
In value terms, extracts of tea production totaled $ in estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. Over the period under review, global production attained the maximum level at $ in 2014; however, from 2015 to , production remained at a lower figure.
The countries with the highest volumes of production in were China ( tons), Spain ( tons) and India ( tons), together comprising % of global production. The United States, Pakistan, Japan, Brazil, Bangladesh, Russia, Indonesia, Nigeria, the UK and Germany lagged somewhat behind, together accounting for a further %.
From 2007 to , the biggest increases were in the United States (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.
The global extracts of tea market value stood at $ in , flattening at 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Pakistan (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($) led the market, alone. The second position in the ranking was taken by India ($). It was followed by Brazil.
In China, the extracts of tea market increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: India (+% per year) and Brazil (-% per year).
The countries with the highest levels of extracts of tea per capita consumption in were the UK ( kg per persons), the United States ( kg per persons) and Japan ( kg per persons).
From 2007 to , the biggest increases were in Pakistan (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.