Peru - Tea - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTea Price in Peru - 2021
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Tea Price in Peru (CIF) - 2021
The average tea import price stood at $1,666 per ton in April 2020, dropping by -9% against the previous month. In general, the import price, however, posted a tangible increase. The most prominent rate of growth was recorded in February 2020 when the average import price increased by 210% against the previous month. As a result, import price reached the peak level of $4,748 per ton. From March 2020 to April 2020, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was Kenya ($2,655 per ton), while the price for Argentina ($1,156 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Argentina (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tea Price in Peru (FOB) - 2022
The average tea export price stood at $10,103 per ton in 2022, surging by 65% against the previous year. Over the period under review, the export price posted a prominent expansion. The growth pace was the most rapid in 2014 when the average export price increased by 330% against the previous year. As a result, the export price attained the peak level of $13,221 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($10,357 per ton) and Argentina ($9,572 per ton), while the average price for exports to Barbados ($6,953 per ton) and Uruguay ($9,328 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+30.6%).
Tea Imports in Peru
In 2022, approx. 1.5K tons of tea were imported into Peru; picking up by 9.4% against 2021 figures. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38%. As a result, imports attained the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, tea imports reached $2.6M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. As a result, imports reached the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Tea in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 1,023 | 1,465 | 457 | 1,410 | 11.3% |
China | 637 | 518 | 439 | 574 | -3.4% |
United States | 108 | 107 | 159 | 74.0 | -11.8% |
Chile | 170 | 316 | 202 | 50.1 | -33.5% |
Indonesia | 8.4 | 34.9 | 123 | 45.6 | 75.7% |
Others | 245 | 343 | 1,108 | 483 | 25.4% |
Total | 2,192 | 2,784 | 2,488 | 2,636 | 6.3% |
Top Suppliers of Tea to Peru in 2022:
- Argentina (1185.1 tons)
- China (194.0 tons)
- Indonesia (26.0 tons)
- Chile (24.8 tons)
- United States (23.7 tons)
Tea Exports in Peru
In 2022, the amount of tea exported from Peru skyrocketed to 1.4K tons, with an increase of 3,000% compared with the year before. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, tea exports surged to $14M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Tea in Peru (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | N/A | 0.1 | 0.2 | 12.8 | 1031.4% |
Uruguay | N/A | N/A | N/A | 0.4 | 0% |
Argentina | N/A | N/A | N/A | 0.3 | 0% |
Barbados | N/A | N/A | N/A | 0.2 | 0% |
Others | N/A | 0.4 | 0.1 | 0.3 | -13.4% |
Total | N/A | 0.5 | 0.3 | 14.0 | 429.2% |
Top Export Markets for Tea from Peru in 2022:
- Chile (1239.0 tons)
- Uruguay (42.4 tons)
- Barbados (27.5 tons)
- Argentina (26.5 tons)
This report provides an in-depth analysis of the tea market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 667 - Tea
Country coverage:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the tea market in Peru.
This report provides an in-depth analysis of the global tea market.
This report provides an in-depth analysis of the tea market in Peru.
This report provides an in-depth analysis of the global tea market.
Discover the top import markets for tea around the world based on data from the IndexBox market intelligence platform.
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