Extracts Of Tea Market Overview in Japan
In value terms, extracts of tea production reached $ in estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the production volume increased by % y-o-y. Extracts of tea production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.
The revenue of the extracts of tea market in Japan contracted to $ in , dropping by -% 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 +% from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2008 with an increase of % y-o-y. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.