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Brochure, flyer, fact-sheetCurrent global market situation and medium term outlook 2024
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No results found.World tea output increased in 2022, prompted by rising production in some of the major producing countries. Output of green tea and “other” tea offset declining black tea production caused by a crop shortfall in Sri Lanka (the third largest producer of black tea). Global tea consumption expanded by 2.0 percent in 2022 compared to 2021, underpinned by strong import demand. Over the last decade, world tea intake increased annually by 3.3 percent reflecting strong growth in producing countries that has more than offset declines in traditional importing markets. In 2022, tea shipments from Kenya, China and India increased, while deliveries from Sri Lanka (the second largest exporter of black tea) declined. After increasing by 14.5 percent in 2022, tea prices fell by 9.2 percent in 2023, as availabilities expanded while demand slowed, putting downward pressure on prices. In the medium-term, the black tea market is expected to expand but at a slower pace than the previous decade, while the green tea market is foreseen to grow at a faster rate, reflecting expansion in China’s domestic market. Diversification and value addition are key to boosting the performance of the sector, as consumer behaviour is evolving and growing towards specialty teas and high-quality tea products. -
Meeting25th Intergovernmental Group on Tea – Current global market situation and medium-term outlook - CCP:TE 24/2 2024
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