Extracts Of Tea Market Overview in Malaysia
In value terms, extracts of tea production expanded sharply to $ in estimated in export prices. Over the period under review, production posted a buoyant expansion. The pace of growth was the most pronounced in 2009 when the production volume increased by % year-to-year. Extracts of tea production peaked at $ in 2016; however, from 2017 to , production remained at a lower figure.
The revenue of the extracts of tea market in Malaysia rose remarkably to $ in , increasing 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). In general, the total consumption indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of % against the previous year. Over the period under review, the market attained the peak level in and is likely to see steady growth in the immediate term.